American Express Wants To Sell Vanguard Financial Advice, But With High Fees [Roundup]

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About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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  1. Gary, I read the article. Mom, Father and child. I guess the article had the headline wrong? I was in a rush, didn’t absorb the headline but the article repeatedly mentioned a family unit of 3. Infuriating behavior by Ryanair. The whole problem stemmed from their system continually crashing so they couldn’t print their boarding passes. I know you are incredibly busy, but I think your headline should have said: Ryanair red tape screws family leaving war zone.

  2. Gary, went back and read the article again. The Daily Mail messed up, their headline is wrong: it is a family of 3. I apologize if I pinged your honor. Your blog is must reading for me everyday!
    Now I am angry at Ryanair all over again! What their employees did violates all human decency. Quite literally, they suck!

  3. Remind me who exactly “owns” Vanguard again? Who their shareholders are? Which governments do they work with? Why our Federal Reserve literally borrows money from BlackRock? Why our Federal Reserve uses software from BlackRock? Never mind. Can’t ask these questions.

  4. @Gary the vanguard/amex partnership allows you to earn points on your investments, topping out at 50k points/year once you hit $500k in invested assets. valuing at 1.5c/point, that’s a $750 bonus in exchange for a $500 annual investment advisory fee. However, the math stops getting compelling once you pass 500k.

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