Vanguard Group Inc.

From MarketsWiki
Jump to navigation Jump to search


float
The Vanguard Group Inc.
Vanguardlogo.gif
Founded May 1, 1975
Headquarters Valley Forge, Pennsylvania
Products Investment Management Company
Releases Company News

Vanguard is one of the world's largest investment management companies and the largest mutual-fund company in the U.S.[1]

It is one of the "Big Three" asset management firms, along with BlackRock and State Street.[2] Vanguard Group is the second-biggest exchange-traded fund issuer, after BlackRock's iShares.[3]

Vanguard surpassed $7 trillion in assets under management in 2020.[4]

Vanguard has traditionally steered clear of commodity investing, which its founder John Bogle dismissed as "total speculation." Nearly half a century later, Vanguard has just one commodity fund out of more than 400 offered globally.[5]


History[edit]

Founder John C. Bogle created Vanguard Group Inc. in 1975 under an unusual company philosophy: The mutual fund owns the management company and shareholders pay only operation costs for the fund. The Vanguard Index 500 Fund opened a year later with $11 million in assets.

Bogle founded the company on a bedrock of investing in stocks and bonds, which generate cash flow, dividends and interest payments. In 1982, Vanguard began offering retirement planning services, and in 1990 the company went international. The company began offering tax-advantaged 529 college-savings plans in 1998.

F. William McNabb III was appointed CEO in 2008 and chairman of the board in 2010.

In early 2024, when its industry peers all launched spot Bitcoin ETFs, Vanguard abstained from offering the instruments and pulled its futures-backed Bitcoin funds from its platform as well, leaving Vanguard offering no crypto products whatsoever.[6]

Products and Services[edit]

Personal Investors

  • Mutual funds, exchange-traded funds (ETFs), individual stocks and bonds, and access to non-Vanguard funds
  • Flagship® and Voyager® Services
  • Advice and financial planning services
  • Retirement planning
  • College savings options, including 529 plans.

Institutional Investors

  • Investment management
  • Comprehensive advisory services
  • Administrative and recordkeeping services
  • Retirement plan consulting
  • Education
  • Research and commentary

Financial Advisors

  • ETFs and mutual funds
  • Fund managers
  • Investment education
  • Research and commentary[7]

Key People[edit]

  • Tim Buckley, Chairman and Chief Executive Officer
  • Matthew Benchener, Managing Director of Vanguard's Retail Investor Group
  • Joseph Brennan, Managing Director and Global Chief Risk Officer
  • Greg Davis, Managing Director and Chief Investment Officer
  • John James, Managing Director of Vanguard's Institutional Investor Group
  • Chris McIsaac, Managing Director of International Division
  • Amma Boateng, Managing Director of Financial Advisor Services Division
  • Karin Risi, Managing Director of Vanguard’s Strategy, Product, Marketing and Communications Division

References[edit]