We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
Vanguard's significant fee reduction across numerous mutual funds and ETFs is discussed, highlighting its impact on the industry and the unique ownership structure that enables such low fees. The discussion also touches upon the potential trade-off between extremely low fees and customer experience improvements.
- Vanguard's average fee is 7 basis points, significantly lower than the industry average of 44 basis points.
- Vanguard's unique ownership structure allows for fee reductions geared toward investor benefit.
- Some clients prioritize improved customer experience over further fee reductions.
Shownotes Transcript