The Vanguard Group, Inc.

Vanguard is an American registered investment adviser and one of the world's largest investment management companies, founded on May 1, 1975, by John C. Bogle. Headquartered in Malvern, Pennsylvania, the firm operates under a unique mutual ownership structure where it is owned by its funds, which are in turn owned by the investors in those funds. This structure aligns the company's interests directly with its clients, enabling a mission to take a stand for all investors, treat them fairly, and give them the best chance for investment success.

Vanguard's core offerings include a wide range of investment products and services, with a strong emphasis on low-cost index funds and exchange-traded funds (ETFs). The company also provides actively managed funds, brokerage services, financial planning, asset management, and trust services. It serves a diverse client base, including individual retail investors (from mass affluent to digital-native younger generations) and institutional clients such as pension funds and 401(k) plan sponsors.

As of 2025, Vanguard manages approximately $12 trillion in global assets, positioning it as the largest provider of mutual funds and the second-largest provider of ETFs worldwide. In a significant leadership change, Salim Ramji was appointed CEO, effective July 2024, becoming the first outsider to lead the firm. Recent strategic developments include the 2025 split into two wholly owned units, Vanguard Capital Management and Vanguard Portfolio Management, and the launch of new active equity and target maturity corporate bond ETFs in 2026, as the company aims to expand its advisory offerings and double its international client base.