Vanguard Group Inc

CRD#105958
Investment Advisor Firm

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Overview

Vanguard Group Inc operates as a financial advisor firm based in Malvern, Pennsylvania. Vanguard Group Inc administers $4.5 trillion in assets throughout 254 customer accounts, making it one of the biggest firms in the nation by assets under management (AUM). The company has a large group of 490 employees, including 369 financial advisors. Vanguard Group Inc is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal assets like equities, options and bonds.

Vanguard Group Inc administers all of its client assets in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell decisions for the client's account without requiring client approval. The advisory firm supervises an average of $17.8 billion for each customer account. The average advisor at Vanguard Group Inc oversees fewer than one client account, placing it among the most individualized advisor firms in the country.

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

Assets Under Management

$4.5 trillion

Number of Advisors

369

Disclosures

No

Office Location

100 Vanguard Blvd
Malvern, PA 19355

Vanguard Group Inc by the Numbers

Total Assets Under Management

$4.5 trillion

National Average: $3.3 billion
Total Number of Employees

490

National Average: 31
Total Number of Accounts

254

National Average: 1,935
Average Account Size

$17.8 billion

National Average: $1.7 million

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Products and Services

Vanguard Group Inc provides multiple 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 is engaged in selling products or offering services other than investment advice to its customers. It is also affiliated with one or more other service providers 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

Fees for financial management are based on which services the firm provides the client. However, fees charged by the company most likely consist of any combination of the following fee structures: asset-based or other. The company does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

Available

  • Offered by 72% 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

  • Find one of the 35% 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 2% 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.

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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 39% 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 company works with investment companies and pooled investment vehicles. Out of its 254 customers, Vanguard Group Inc's largest client group is investment companies. Around 42% of its customers 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