Vanguard Group Inc.
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| Vanguard Group Inc. | |
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| Founded | May 1, 1975 |
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| Headquarters | Valley Forge, Pennsylvania |
| Products | Investment Management Company |
| Releases | Company News |
Vanguard is one of the world's largest investment management companies.[1] and the largest mutual-fund company in the U.S.
In September 2014 the firm surpassed $3 trillion in assets under management.[2]
History[edit]
Founder John C. Bogle created Vanguard Group Inc. in 1975 under a very different 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. In 1982, Vanguard began offering retirement planning services and in 1990, the company went international. In 1998, the company began offering tax-advantaged 529 college-savings plans.
F. William McNabb III was appointed CEO in 2008 and chairman of the board in 2010.
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[3]
Key People[edit]
- F. William McNabb III, Chairman, President & CEO
- R. Gregory Barton, Managing Director, Institutional Investor Group
- Tim Buckley, Managing Director, Retail Investor Group
- Kathleen C. Gubanich, Managing Director, Human Resources
- Paul Heller, Managing Director & Chief Information Officer
- Martha King, President, Financial Advisor Services
- Michael S. Miller, Managing Director, Planning and Development Group
- James M. Norris, Managing Director, International Operations
- Glenn Reed, Managing Director, Strategy and Finance Group
- Gus Sauter, Managing Director & Chief Investment Officer
- Heidi Stam, General Counsel
References[edit]
- ↑ Who We Are. Vanguard.
- ↑ Vanguard’s $3 Trillion Man. The Wall Street Journal.
- ↑ What We Offer. Vanguard.