Why Vanguard’s Actively Managed Funds Are a Better Bet

Dan Wiener is editor of the Independent Adviser for Vanguard Investors newsletter.

(Image credit: ©Gina LeVay 2013)

In 1991, Dan Wiener, a magazine reporter covering mutual funds, decided to get into the newsletter business. As the name he chose for his letter made clear, the mission of the Independent Adviser for Vanguard Investors would be to provide unbiased advice to clients of the Malvern, Pa., fund giant. Explains Wiener: “As a mutual fund writer, I had all this information at my fingertips that average investors didn’t. And investors got no advice from Vanguard, so I thought this might be valuable.”

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.