Ant Financial, an affiliate of Vanguard to provide equity consultancy in China

Chinese fintech company Ant Financial and U.S. asset manager Vanguard have joined forces to provide investment advisory services to Chinese retail consumers. According to a statement released Saturday, a joint venture between the two firms will provide personalized offerings to investors based on their investment goals, time period and risk expectations.

The services are available through the Alipay app, a popular third-party fintech....