Yes, long term Vanguard client here.  Because I opted to go with someone with lower costs the other funds are unhappy and want Vanguard to pay more in taxes?<p>So does the shoe then fit if Vanguard triples their fees making them the most expensive,  do the other management companies then need to pay taxes on the difference between their now lower fees and Vanguards?<p>I think this is a ploy by the management firms that are being undercut and in a tight market (or a down market) the management fees become important.