Finding a fiduciary, plus Vanguard vs. DFA


With all the speculation about the future of fiduciaries, I felt it was time to make some remarks about important differences between those inside and outside the world of commissions. But, as you’ll discover, even a fee-only fiduciary can give terrible advice.  Plus, having just spoken at a conference sponsored by a local DFA advisor, I thought it appropriate to take another shot at explaining some of the essential differences between the great Vanguard funds and the sometimes even greater DFA funds.