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Citywire: Vanguard CEO: AI could bring advice to the masses

Caroline Gaudette
Published Date2 Months Ago
Speaking at the Economic Club of New York on Thursday, Ramji referenced back to 1975, when Vanguard founder Jack Bogle ‘democratized’ investing by offering index funds with low-cost entry points that were affordable to those beyond the uber-wealthy. To make the comparison, Ramji categorized financial advisors as a ‘luxury good,’ noting that only one in 8-to-10 Americans receive any financial advice.

READ MORE: Vanguard CEO: AI could bring advice to the masses