The Compound and Friends cover image

The Compound and Friends

Joe Moglia on the State of the Brokerage Industry

May 24, 2024
01:21:49
Snipd AI
Former CEO of TD Ameritrade and football coach Joe Moglia joins to discuss his transition from coaching to Wall Street, the brokerage industry, Nvidia's future, meme trades, college athletics, and more. The podcast covers leadership, stock splits, industry dynamics, geopolitical uncertainty, crypto politics, AI concerns, and insights on leadership and pursuits.
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Podcast summary created with Snipd AI

Quick takeaways

  • Vanguard's new CEO change signifies a potential shift in strategy and market presence, impacting the ETF industry.
  • The rise of commission-free trading and platforms like TD Ameritrade's ETF Command Center revolutionize asset management.

Deep dives

The Shift in ETF Dominance

Vanguard's new CEO, Celine Ramji, formerly from iShares, has spurred the company's potential to shift the balance in the ETF industry. With iShares taking over, it marks a significant change as Vanguard, under Tim Buckley, may not have prioritized the advisor community leading to a loss of assets to iShares. The sudden retirement of Buckley and the appointment of an outsider like Ramji could signal a shift in strategy and priorities at Vanguard, potentially impacting its market presence.

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