Mortimer “Tim” Buckley will take over as Vanguard’s CEO at the end of next month, becoming its fourth chief executive since John Bogle founded the investment giant more than four decades ago, writes Joseph DiStefano for the Philadelphia Inquirer.

At an earlier public appearance as Vanguard’s incoming boss, Buckley addressed the Evidence-Based Investing Conference organized by Ritholtz Asset Management in New York.

While discussing his early days with the company as Bogle’s apprentice, Buckley said that he quickly realized how much hard work his new position would require.

“You learned to work hard,” he said. “There was a lot of analysis, and it permeates throughout Vanguard.”

[uam_ad id=”58459″]

Advertisement

Buckley also pointed out that Vanguard is currently in an incredible position.

“We have had great impact,” he said, but “we are not done. We are looking to lower the cost and complexity for investors.”

However, he still believes that rival funds won’t be able to match the Vanguard effect and cut their fees across the board.

“They only do it where they can compete with Vanguard,” he said.

Read more of Tim Buckley’s remarks in the Philadelphia Inquirer here, and check out previous VISTA Today coverage of Vanguard here.

[uam_ad id=”67356″]