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vanguards very large and they're a mutual fund, so they have a lower profit motive than most brokers for it. they're basically the standard retirement fund comp
by nemomarx 1y ago
vanguards very large and they're a mutual fund, so they have a lower profit motive than most brokers for it. they're basically the standard retirement fund company now
- monkeyelite 1y ago> lower profit motive than most brokers for it This doesn’t make sense.
- gertlex 1y agoWhat I think they're referring to is their sheer size (ratio of customers or $ invested to staff) has meant historically the annual % fees on mutual funds and other investments have been lower than at other institutions. It's... less unique to Vanguard these days, as several of the large providers have equivalent low-cost funds you can invest in; but 15 years ago it was more significant, iirc.