So every investor would have to pay 0.30% on their assets? I suppose there is no legal reason they could not do that with sufficient notice of the change of fees and policy.Is there a reason they can't make PAS required to use VBS? Either sign up for PAS, or transfer your assets elsewhere.Right, but how does Vanguard move everyone to PAS? And how do they force people out? I can't see how they can do this.To my, the key here is "accessing good wealth management and asset management services." With his stated background at Blackrock in wealth management and then ETFs, I can see why Vanguard picked him, as this aligns with my impression that Vanguard wants to move everyone to PAS (or out), and push more active funds and ETFs.......
Ramji also said,
“I view the competition as complexity. I view the competition as high fees and barriers that are getting in the way of individual investors accessing good wealth management and asset management services,” he said. “Bogle wrote a lot of books and gave a lot of speeches. I’ve read them all.”
I guess this would result in a massive transfer out to Fidelity and Schwab.
Statistics: Posted by anagram — Sat May 18, 2024 11:36 pm — Replies 266 — Views 23458