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Douglas_Knight comments on Open Thread, September 30 - October 6, 2013 - Less Wrong Discussion
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This seems like a really weird question. If your friend is advocating something else, how about you tell us what it is? If your friend is knocking Vanguard, but not specifying what's better, why should I care? Your last sentence suggests that Vanguard is lying about it's fees. That would be a reasonable thing to say in isolation, but it's not true.
Most likely the alternative is to pay his friend to actively manage your money using his secret knowledge.
This does not automatically mean the friend is wrong. But I also wouldn't expect any kind of proof or guarantee. We are moving from the evidence area to "just trust me, I'm smart" area.