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Joe Moglia on the State of the Brokerage Industry

The Compound and Friends

CHAPTER

Evolution of Brokerage Industry and Leadership Changes at Vanguard

This chapter explores the shift towards Commission Free Trades of ETFs and its impact on advisors and clients, along with the leadership changes at Vanguard with the retirement of CEO Tim Buckley and the appointment of a new CEO, Celine Ramji. Discussions include potential strategies for growth, serving clients with good intentions through innovations like ETFs, concerns about a financial institution going public, and recent market events like meme trading.

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