The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania with $6.2 trillion in global assets under management. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares. In addition to mutual funds and ETFs, Vanguard offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services.
Vanguard Group created the price-cutting fervor that became an Olympic sport in money management. Now it’s feeling the toll of that competition.
Mutual fund giant to end calendar-quarter fee assessment for Personal Advisor Services customers and introduce internal order matching to lower execution costs.
U.S. stocks face a greater-than-usual risk of a sell-off next year, with investors overconfident in an economic resurgence, according to Vanguard Group Inc.’s investment-strategy chief.
New survey of brand familiarity finds discount brokerage giants trouncing wirehouses in “unprompted” name recognition across a wide wealth spectrum of investors.
The $37-billion Dividend Growth fund is taking new money, while the low-performing Alternative Strategies fund will reduce minimum investment.