Vanguard CEO McNabb: Fiduciary Standard to Save Billions

The video discusses Vanguard's influence in reducing investment fees and the impact of the Department of Labor's fiduciary standard, which aims to save investors billions. It highlights the importance of transparency in fee structures and the growing trend of robo-advisors, exemplified by Vanguard's Personal Advisor Services. The video also examines the shift from active to passive investment strategies, driven by factors like the evolution of 401K plans and regulatory changes.

Discuss the significance of passive investment vehicles in the current market based on the information provided.

In what ways do you think the evolution of the 401K business is influencing investment trends?