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Wall Street To Vanguard: We’re Not Your Doormat Anymore

FYI: (This is a follow-up article.)

Wall Street is fighting back against Vanguard Group. Large financial firms including Fidelity Investments, TD Ameritrade and Morgan Stanley have all made changes to their fees or product lineups that make it more expensive for some customers to invest in Vanguard’s funds.


  • "Morgan Stanley last year decided to ban its financial advisers from selling clients new positions in Vanguard mutual funds, the Journal reported. Merrill Lynch has long had such a policy for its advisers."

    Way to put your clients' interests first.
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