Jack Brennan: Price Pressure in the Advice Business Is 'Inevitable'

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 23 June 2021

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

The author and former Vanguard CEO discusses the current investment landscape, his thoughts on ESG and ETFs, and the outlook for retirement planning.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York.
0:23.3	Purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.9	Hi, and welcome to the Longview.
0:34.9	I'm Christine Ben's Director of Personal Finance for Morning Star.
0:38.3	And I'm Jeff Battack, Chief Ratings Officer for Morning Star Research Services.
0:42.3	Our guest on the podcast today is former Vanguard CEO Jack Brennan.
0:46.3	Jack is the author of a new book, More Straight Talk on Investing, which he co-wrote along with John Worth,
0:52.3	and he was also author of Straight Talk on Investing,
0:55.9	which was published in 2004. Jack served as the CEO of Vanguard from 1996 to 2008, and was
1:03.6	chairman of the board from 1998 to 2009. He is now Chairman Emeritus and Senior Advisor of Vanguard.
1:11.5	He also serves as the chairman of the board of trustees at Notre Dame University
1:15.2	and has served on numerous corporate boards, including General Electric and American Express.
1:21.2	He received his undergraduate degree at Dartmouth College and his MBA at Harvard Business School.
1:26.9	Jack, welcome to the Longview.
1:29.1	Oh, well, thank you very much. It's a pleasure to be with you for that.
1:32.2	Well, we're thrilled to have you here and congratulations on your new book. I want to talk about
1:36.5	in what ways that landscapes gotten better for investors since the publication of
	...

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