Bogle, Index concentration concerning, future impact uncertain…

Jack Bogle made these comments speaking to a group today, Vanguard’s Bogle tells CFA Institute…., by Erin Arvedlund, May 23, 2017 “index-fund management is heavily concentrated among three giant, trillion-dollar money managers that together hold some 20 percent of U.S. stocks,” Bogle said. “The impact of all this concentration remains to be seen.” . He…

Vanguard IS NOT a Not-For-Profit Organization

…see conversation with a Vanguard employee, even Vanguard’s own employees do not know! And here this Motley Fool Article calls Vanguard a non profit  And see this article about TIAA CREFs not-for-profit status being revoked in 1998. (From Vanguard Employee on Facebook post) Vanguard’s unique structure in shareholders “owning” the company qualifies for a status…

Vanguard’s New Compliance Manager leaves after 3 months

Joe DiStefano wrote the story November 8, 2016, Pa’s top broker cop leaves to join Vanguard, informing us that Vanguard had just hired Eric Pistilli, ‘Eric Pistilli has left his job as Director of Securities Compliance and Examinations for the Pennsylvania Department of Banking and Securities, in which he oversaw 800+ investment-advisory firms in the Commonwealth…