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How Advisers Can hold On To Their Clients Despite Vanguard's Broadening Reach

TedTed
in The Bullpen
FYI: (Click On Article Title At Top Of Google Search)

During a February speech, Vanguard CEO Tim Buckley said 58% of most advisers' work could eventually be done by computers. This would force a significant change in pricing for most in the industry. Shortly thereafter, Vanguard announced it would create factor-based index ETFs. These two events are directly linked and help explain why one of the bastions of low-cost, passive index investing is now launching ETFs that are more expensive and active than the products that made them so successful.
Regards,
Ted
https://www.google.com/search?source=hp&ei=_eeoWrv1Asy1ggfk0YzwDg&q=investment+news+How+Advisers+Can+hold+On+To+Their+Clients+despite+Vanguard's+Broadening+Reach&oq=investment+news+How+Advisers+Can+hold+On+To+Their+Clients+despite+Vanguard's+Broadening+Reach&gs_l=psy-ab.3...1992.11688.0.12664.20.17.2.0.0.0.166.1426.16j1.17.0....0...1.1j2.64.psy-ab..1.18.1340.0..0j35i39k1j0i67k1j0i131k1j0i20i263k1j0i131i67k1.0.7clW23TpbiA
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