Vanguard 'nickel-and-dimes Grandma' after 49 years without junk fees
laden world of money management, the Vanguard Group has long enjoyed a reputation of shooting straight. When Jack Bogle founded Vanguard almost 50 years ago, the idea was to create a company owned by its investors — aligning the company’s and customers’ incentives That unique model, unlike shareholder-owned outfits like Schwab and Fidelity, pushed Vanguard to constantly look for ways to reduce fees, leading to minimal fee index funds, low fees for actively managed funds, and a general lack of chintzy or hidden fees. “If a statue is ever ...
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