Salim Ramji (strategically) bends to the will of RIAs by allowing them latitude to remodel Vanguard model portfolios and let three favorite RIA partners -- Orion, Black Diamond and Vestmark — get a cut of the action
The Vanguard CEO goes perhaps outside the letter of 'Bogle' law but stays with controlling principle of having a 'Vanguard effect' of what could be a slam-dunk better value.
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