James Kirby

Okay, just before we go to the break, I want to give people an idea just how big Vanguard is.

I also want to bring up the point that, and you might explain, it's not actually a company in the traditional sense.

It's still sort of a mutual, isn't it?

What's the figure, the astonishing figure of the amount of money under management now at Vanguard?

Yeah, $17 trillion under management.

One of the things I think is really interesting with Vanguard, folks, as I say, you might not have known that it was a mutual.

Once upon a time, of course, we had a whole pile of mutuals.

AMP was a mutual.

Colonial was a mutual.

But they're no longer mutuals.

They all privatized once upon a time.

Vanguard didn't do that, which is an interesting dimension, I think, if you weren't familiar with that.

But another part that's interesting, and I think this would be very, when we get to the next part of the show, I think you'll find this fascinating.

Until now Vanguard often didn't have much to say on many issues.

They didn't get involved in policies but of late they have and Vanguard in Australia have also had some ideas which they have been putting forward which I want you to hear about.

We'll be back in a moment.

Hello, welcome back to the Australian's Money Puzzle podcast.

James Kirby here with Daniel Shrimsky, who is the CEO of Vanguard Australia.

Okay, Daniel, now, there was a time I think that you guys didn't say much about anything.

And more recently, you have.