Vanguard is a prominent American investment management company headquartered in Malvern, Pennsylvania.
As of September 2024, it manages approximately $10.1 trillion in global assets, positioning it as one of the largest provider of mutual funds and exchange-traded funds (ETFs) worldwide.
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This page will give an overview of what is Vanguard, what products and services are offered, who are the top leadership, plus contact info.
What is Vanguard Group?
Vanguard traces its roots back to the Wellington Fund, introduced in 1929, which invested in conservative stocks and high-quality bonds. Today, Vanguard Wellington Fund is one of the United States’ oldest and largest balanced funds.
The company was formally established in 1975 under John C. Bogle’s leadership, introducing a unique investor-owned structure that aimed to ensure that it remains “a company owned by the investor and for the investor”.
The firm pioneered index investing with the launch of the Vanguard 500 Index Fund in 1976, democratizing institutional strategies for individual investors. Other innovations include no-load mutual funds, internal fixed income management, and the creation of the first bond index fund in 1986.
Vanguard also expanded its services to include brokerage operations, retirement solutions, and socially responsible funds, aligning its offerings with evolving investor needs.
Over the decades, Vanguard has continuously broadened its reach and capabilities. The firm expanded internationally in 1996, developed financial advisory services, and launched landmark offerings such as target-date funds, ETFs, and digital advisory platforms.
What does Vanguard do?
Vanguard offers a range of investment solutions and financial services designed to meet the needs of individual investors, financial advisors, and institutional clients. Its key offerings include:
- Mutual Funds and ETFs: The company provides a broad selection of mutual funds and exchange-traded funds (ETFs) with a focus on low costs, diversification, and long-term performance. These include index funds, actively managed funds, and ESG-focused options.
- Financial Advice and Planning: Through services like Personal Advisor Services and Digital Advisor, Vanguard offers tailored financial advice and portfolio management, blending human expertise with digital tools to meet individual goals.
- Retirement and College Savings: The company supports retirement planning with IRAs, 401(k) plans, and other retirement accounts, as well as 529 plans for college savings. Their tools and resources help clients plan for future financial needs.
- Brokerage and Trading: Vanguard Brokerage Services enables clients to trade stocks, bonds, and other securities while offering comprehensive portfolio management tools and resources.
- Institutional Solutions: Vanguard works with institutions such as retirement plan sponsors, financial advisors, and non-profits, providing investment management, plan administration, and advisory services.
As of late 2024, the company offers 428 funds globally, including 212 in the U.S. and 216 in international markets, serving over 50 million investors worldwide. With an asset-weighted average expense ratio of just 0.08% for its U.S. funds in 2023, the firm remains committed to cost efficiency.
Vanguard employs approximately 20,000 individuals globally, reflecting its extensive operations and reach in the investment management industry.
Vanguard Executive Team
- Salim Ramji – Chief Executive Officer
Appointed in July 2024, and with over 25 years in investments, capital markets, and wealth management, Salim was formerly Global Head of iShares and Index Investments at BlackRock and a senior partner at McKinsey & Company. He started his career as a lawyer at Clifford Chance. - Greg Davis – President and Chief Investment Officer
Greg oversees investment management, retirement services, and financial advisor client solutions. Previously, he led Vanguard’s Fixed Income Group and served as Asia-Pacific CIO. He is also involved in advisory roles with the U.S. Department of the Treasury and the Federal Reserve Bank of New York. - Matthew Benchener – Managing Director, Vanguard Personal Investor
Matthew oversees the management over $2 trillion in assets of Personal Investor. Since joining in 2008, he has held various leadership roles, including Chief Marketing Officer and head of Personal Investor Client Services. - Amma Boateng – Managing Director, Vanguard Financial Advisor Services
Amma oversees relationships with over 1,000 advisory firms managing nearly $3 trillion in assets. She has been with the company since 2004, holding roles in investment management, corporate strategy, and finance. - Joseph Brennan – Global Chief Risk Officer
Joseph manages enterprise and investment risk, as well as cybersecurity and fraud prevention. He has held senior roles in equity index management, Asia-Pacific investment oversight, and portfolio review. - John James – Managing Director, Vanguard Institutional Investor Group
John oversees the company-sponsored retirement plans, endowments, and foundations offered by Institutional Investor Group. Previously, he was Chief Human Resources Officer and led Vanguard’s U.K., European, and Australian operations. - Chris McIsaac – Managing Director, Vanguard International
Chris leads the International division, providing services in over 80 countries. Since joining in 1997, he has held roles such as head of the Institutional Investor Group and Strategy, Product, Marketing, and Communications Group.
Vanguard Contact Information
Personal investors
- Available Monday through Friday, 8 a.m. to 8 p.m., Eastern time
- 877-662-7447
Retirement plan participants
- Available Monday through Friday, 8:30 a.m. to 9 p.m., Eastern time
- 800-523-1188
Retirement plan participants site
Institutional investors
- Available Monday through Friday, 8:30 a.m. to 9 p.m., Eastern time
- 800-523-1036
Financial advisors
- Available Monday through Friday, 8:30 a.m. to 7 p.m., Eastern time
- 800-997-2798
Global investors
Investors outside the U.S. site
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