People, every show

Fran Kinniry

Principal & Head of IARC, Vanguard. On 1 show, 1 appearance. The Shows tab opens the full record on each.

executiveinvestoranalystauthoradvisors.vanguard.com ↗

After joining Vanguard in 1997, Kinniry co-developed the Advisor's Alpha framework and led portfolio construction in the Investment Strategy Group. He later served as Global Head of Private Investments before transitioning to lead the Investment Advisory Research Center in 2022.

What they said29 Shows1

Everything Fran Kinniry said on any show that made the record, most notable first. Each card names its show and opens the statement there.

CAPITAL ALLOCATORS Disclosure

Vanguard manages approximately $4 trillion in indexed assets

“So if you can do the math, then it's probably closer to four trillion on the indexing side, which would be ETFs and traditional mutual funds.”

Fran Kinniry Jan 18, 2021 ▶ 9:45 Fran Kinniry – The Comfort of Paradox at Vanguard Group (Capital Allocators, EP.173)

CAPITAL ALLOCATORS Assertion Not checkable as stated

Private equity return dispersion is high and top GPs are oversubscribed

“You can clearly see the dispersion of returns in private equity are significant. And a lot of the top GPs are oversubscribed and full and not taking on new clients.”

Fran Kinniry Jan 18, 2021 ▶ 23:07 Fran Kinniry – The Comfort of Paradox at Vanguard Group (Capital Allocators, EP.173)

CAPITAL ALLOCATORS Disclosure

Vanguard's private equity fees are weighted toward carried interest

“All I would say is that the majority of the fee is in the carry, meaning that there is alignment of incentives for the audience.”

Fran Kinniry Jan 18, 2021 ▶ 39:11 Fran Kinniry – The Comfort of Paradox at Vanguard Group (Capital Allocators, EP.173)

CAPITAL ALLOCATORS Assertion Supported

Indexing grew from under 10% to over 50% of equity mutual funds

“In 1997 indexing was under 10% of mutual fund assets. And now it's over 50% of mutual fund assets on the equity side.”

Fran Kinniry Jan 18, 2021 ▶ 1:00:12 Fran Kinniry – The Comfort of Paradox at Vanguard Group (Capital Allocators, EP.173)

CAPITAL ALLOCATORS Assertion Partly supported

Vanguard started as an actively managed firm

“But a lot of people don't know, but Vanguard started as an actively managed firm. First investment was an active offer.”

Fran Kinniry Jan 18, 2021 ▶ 8:21 Fran Kinniry – The Comfort of Paradox at Vanguard Group (Capital Allocators, EP.173)

One line per show, most statements first. The link opens Fran's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
CAPITAL ALLOCATORSLEDGER	Principal & Head of IARC, Vanguard	1	29	78% 7/9	full record on Capital Allocators →