Vanguard Sways Financial Advisers to Bring $1 Trillion on Board

  • Passive funds, ETFs drive fee-based advisers to fund giant
  • BlackRock, Schwab cut fund expenses in quest for market share

Vanguard CEO McNabb Expects Fees to Decline

Financial advisers who once shunned Vanguard Group because it didn’t pay commissions are now among the fund giant’s best customers.

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