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How do you intend to handle uninvested cash? The big non-Vanguard players (Schwab, Fidelity) make up for their low nominal fund fees via Net Interest Margin on
by loeg 2y ago
How do you intend to handle uninvested cash? The big non-Vanguard players (Schwab, Fidelity) make up for their low nominal fund fees via Net Interest Margin on uninvested cash. Do you intend to offer market-rate interest on cash (e.g. $VMFXX), or take a significant cut there?