Vanguard Group Inc

CRD#105958
Investment Advisor Firm

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Overview

Vanguard Group Inc is a financial advisor company that has its headquarters in Malvern, Pennsylvania. The firm oversees $5.7 trillion in total assets across 240 accounts, making it one of the biggest financial advisory firms in the United States by assets under management (AUM). Vanguard Group Inc has a large team of 650 employees, of which 570 are financial advisors. Vanguard Group Inc is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments such as options, equities and bonds.

Vanguard Group Inc oversees all of the company's client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction judgments for the client's account without needing to seek client permission. The firm supervises about $23.8 billion in assets for each client account. An average advisor at Vanguard Group Inc administers fewer than one client account, placing it among the most personalized advisor firms in the country.

The company's central office is located at 100 Vanguard Blvd, Malvern, Pennsylvania 19355.

Assets Under Management

$5.7 trillion

Number of Advisors

570

Disclosures

No

Office Location

100 Vanguard Blvd
Malvern, PA 19355

Vanguard Group Inc by the Numbers

Total Assets Under Management

$5.7 trillion

National Average: $3.7 billion
Total Number of Employees

650

National Average: 29
Total Number of Accounts

240

National Average: 2,073
Average Account Size

$23.8 billion

National Average: $1.8 million

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Products and Services

Vanguard Group Inc offers a variety of services, which can include portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and publication of newsletters. The company is involved in selling products or offering services aside from investment advisory services to its clients. It is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 4% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees typically are based on which services are provided. Fees billed by the company most likely include any blend of the following fee types: asset-based or other. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

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    Hourly

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    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

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    Commissions

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    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

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    Performance-based

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    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

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    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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Types of Clients

The firm caters to investment companies and pooled investment vehicles. Out of its 240 customers, Vanguard Group Inc's biggest client type by number of accounts is investment companies. About 27% of its clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Vanguard Group Inc does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA