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Listeners are encouraged to seek out their own advisors in these areas.

Hello, everyone. Welcome to the Big Picture Retirement Show.

This is the podcast for anyone who is planning for or living in retirement.

I'm Devin Carroll, and I'm joined today by John Roth. Hey, John. Howdy.

Okay, John, last week we had Rick Ferry on, and we're going to continue our interview with him today.

Today, though, I want to get into some of the arguments that the actively managed

industry is pushing back against the indexers with. So let me explain, give this a little

context. The actively managed space, some of the big mutual fund companies that are out there,

they've been around since the 20s, 30s,

40s, very long histories. They spend money in TV ads and they can afford it, right? They charge

these expense ratios that are pretty high. They are using their money now to come against some of these passive investing approaches, to try to sow the seeds of doubt.

And in large part, through their network of salespeople, they go to the financial planners, financial advisors, and they lay out the brochures and they talk about how their you know, their approach is better than just buying an index fine.

There's other ways that they're doing this too.

They're writing articles.

They're buying ad space.

They're doing all sorts of things to try to convince investors that indexing is a horrible way to go.

There's a good reason for it.

I mean, their business is literally at stake here.

Right. Sure. They just can't pivot and move to being an active or a passive shop. That train has

already left the station and it's owned by some of the big names like Vanguard and some of those.

Done. So the only thing they have to do is fight for what they still have.

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