Major US-owned fund manager Vanguard, one of the world’s largest investment firms, has opened a new office in Manchester.

Bury-based Chartered Financial Planner Rosebridge has launched a discretionary fund management arm in collaboration with platform and investment provider Vanguard and investment and pensions consultancy business Redington.

Only 14% of self-directed investors on the Vanguard UK Personal Investor platform traded last year, according to new data.

Platform and investment provider Vanguard has reached a milestone of 500,000 clients on its UK Personal Investor (UKPI) platform just under six years after it was launched.