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Vanguard's new CEO breaks record by zapping $350 million fund-expense, but 'raises the tension' managing brokerage, analyst says

Salim Ramji went big with micro-cuts on 87 fund fees but the average cut is just one basis point, the process is opaque, brokerage fees are rising and service and technology issues remain the real pain point, says Jeff De Maso.

Author Brooke Southall February 5, 2025 at 3:49 AM
1 Comment
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Salim Ramji: Savings compound over time.
Keith Girard contributed to the editing of this article.

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NJReader

NJReader

February 6, 2025 — 1:15 AM
What ‘zapping’ $350 million mean? Doesn’t sound like Shakespeare.

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