Vanguard CEO Ramji Calls Trump Accounts a ‘Fabulous Concept’

The Trump administration’s plan to give $1,000 in seed funding to millions of US children is a “fabulous concept,” Vanguard GroupChief Executive Officer Salim Ramji said.

“It helps people invest early — in this case right from when they’re born,” Ramji said in an interview Monday on Bloomberg TV. “It does it in a low-cost way.”

President Donald Trump introduced the accounts as part of the One Big Beautiful Bill Act, offering children born during his second administration funding that they can then put into individual retirement accounts. The US government is considering making Robinhood Markets Inc. an ...