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Pi Pizzeria kitchen manager Freddie Melgar, left, shows U.S. Secretary of Labor Thomas Perez how they make pizzas, in Miami Beach, Fla., where Perez spoke with labor and business leaders. (AP Photo/Wilfredo Lee)

Vanguard, the fund company that oversees more than $3 trillion in assets and that has built its brand largely on its low-cost, passively managed indexed mutual funds, has been cited by Labor Secretary Thomas Perez in public comments and in testimony before Congress as a company that operates with its clients’ best interests in mind.

Nick Thornton


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