Dan Wiener, chairman and CEO of Adviser Investments and editor of the Independent Adviser for Vanguard Investors, isn’t having the argument that every investor should settle for an index fund or ETF. He sticks with Vanguard’s actively managed mutual funds. Like their passive brethren, these funds are also very low-cost, which works to their advantage.

Can Vanguard's Active Funds Beat the Market?

Can Vanguard’s Active Funds Beat the Market?