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

<p>Our guest on the podcast today is former Vanguard CEO, Jack Brennan. Jack is the author of a new book, <em>More Straight Talk on Investing</em>, which he cowrote along with John Woerth. He is also author of <em>Straight Talk on Investing</em>, which was published in 2004. Jack served as the CEO of Vanguard from 1996 to 2008 and was chairman of the board from 1998 to 2009. He is now chairman emeritus and senior advisor at Vanguard. He also serves as the chairman of the board of trustees at Notre Dame University and has served on numerous corporate boards, including General Electric and American Express. He received his undergraduate degree at Dartmouth College and his MBA at Harvard Business School.</p><p></p></p><p><p><strong>Background</strong></p></p><p><p><a href="https://en.wikipedia.org/wiki/John_J._Brennan_(businessman)#:~:text=Brennan%20(businessman),-From%20Wikipedia%2C%20the&text=the%20free%20encyclopedia-,John%20J.,by%20William%20McNabb%20in%202008." target="_blank">Bio</a></p></p><p><p><a href="https://www.amazon.com/More-Straight-Talk-Investing-Lifetime/dp/1119817331/ref=sr_1_3?crid=30VB4YOPVM6XI&dchild=1&keywords=jack+brennan+more+straight+talk+on+investing&qid=1624308467&sprefix=Jack+Brennan%2Caps%2C157&sr=8-3" target="_blank"><em>More Straight Talk on Investing: Lessons For a Lifetime</em></a> </p></p><p><p><a href="https://www.amazon.com/Straight-Talk-Investing-Brennan-2002-09-20/dp/B01JXRR8V4/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1624308677&sr=1-4" target="_blank"><em>Straight Talk on Investing: What You Need to Know</em></a> </p></p><p><p><strong>Current Environment</strong></p></p><p><p>“<a href="https://www.marketwatch.com/story/former-vanguard-ceo-5-hurdles-facing-investors-now-and-how-to-overcome-them-11619554110" target="_blank">Opinion: Former Vanguard CEO: 5 Hurdles Facing Investors Now and How to Overcome Them</a>,” by Jack Brennan, marketwatch.com, May 1, 2021.</p></p><p><p>“<a href="https://humbledollar.com/2021/04/straight-talk-2/" target="_blank">Straight Talk</a>,” by Jack Bren