3 ms·
a one-man office or other service provider that can buy the individual stocks In the given scenario, you aren't just hiring a guy to buy stocks for the Vanguar
by xenophonf 8y ago
a one-man office or other service provider that can buy the individual stocks
In the given scenario, you aren't just hiring a guy to buy stocks for the Vanguard expense ratio. You're also buying all their financial and information security processes. You're buying risk mitigations like regular audits and SOX compliance and SP800-53 controls. To safeguard a billion dollars, that overhead is totally worth it.