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Vanguard's CEO McNabb is stepping down; often associated with mom-and-pop investors and 401(k) accounts, it’s also attracted more assets from financial advisers. (Photo: Shutterstock)

(Bloomberg) — Vanguard Group Chief Executive Officer F. William McNabb will step down at the end of the year and cede his role to Tim Buckley, a two-decade veteran of the world’s second-largest money manager who serves as investment chief.

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