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Are BlackRock and Vanguard Too Big and Powerful?
Money For the Rest of Us
Introduction
Episode 90: Are black rock and vanguard too big and powerful? I recently received an email from a long time listener. She mentioned that her individual retirement account, all of her grandchildren's college five 29 plans are managed by vanguard. How can that be? Aren't they just investing in stocks on behalf of their clients,. most of which are in index funds? The amount that they manage in assets keeps growing.
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