Vanguard Group Inc

CRD#105958
Investment Advisor Firm

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  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    Vanguard Group Inc operates as a financial advisory company that has its headquarters in Malvern, Pennsylvania. It manages $6.6 trillion in assets over 208 customer accounts, placing it among the largest firms in the nation by assets under management (AUM). Vanguard Group Inc has a large team, including 301 financial advisors. Vanguard Group Inc does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are tradable financial investments like options, stocks and bonds.

    Vanguard Group Inc administers all of its accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction decisions for the client's account without requiring client authorization. The company manages an average of $32.0 billion for every customer account. The typical financial advisor at Vanguard Group Inc administers fewer than one client account, making it one of the most individualized advisor firms in the country.

    The firm's headquarters is at 100 Vanguard Blvd, Malvern, Pennsylvania 19355.

    Assets Under Management

    $6.6 trillion

    Number of Advisors

    301

    Disclosures

    No

    Office Location

    100 Vanguard Blvd
    Malvern, PA 19355

    Vanguard Group Inc by the Numbers

    Total Assets Under Management

    $6.6 trillion

    National Average: $8.6 billion
    Total Number of Employees

    675

    National Average: 64
    Total Number of Accounts

    208

    National Average: 375,227
    Average Account Size

    $32.0 billion

    National Average: $23.0 thousand
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    Products and Services

    Vanguard Group Inc provides a variety of financial services, which can consist of portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers and publication of newsletters. Vanguard Group Inc does sell products or offer services apart from investment advice to its clients. The company also has a number of financial industry affiliations, 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 20% 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 3% 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 vary depending on which services the firm provides the client. Fees charged by the firm can be comprised of the following fee types: asset-based or other. Vanguard Group Inc does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 69% 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 10% 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

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      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.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      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.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      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.

    • Find one of the 0% of firms that offer this fee type

      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 32% 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

    Vanguard Group Inc works with investment companies and pooled investment vehicles. Out of its 208 customers, Vanguard Group Inc's largest client group is investment companies. None of its accounts are represented by non-U.S. persons.

    • 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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