Vanguard

Vanguard: Low-Cost Investment Management

Investment management company offering mutual funds and ETFs with a low-cost index fund approach, owned by its investors rather than outside shareholders.

What is Vanguard?

Vanguard is one of the world's largest investment management companies, offering a wide variety of mutual funds and ETFs to both individual and institutional investors. Founded in 1975, Vanguard is structured as an investor-owned fund company meaning the investors own the funds instead of outside shareholders.

This unique structure allows Vanguard to operate the funds at-cost and eliminate the profit motive. As a result, their expense ratios and account fees are among the lowest in the industry. Vanguard is best known for its index mutual funds and ETFs which track major market indices like the S&P 500. By avoiding active stock picking in index funds, costs are kept very low.

In addition to stocks, Vanguard offers bond funds, money market funds, target date retirement funds, and more. Their web interface and mobile apps make it easy for investors to manage their accounts, monitor performance, and execute trades commission-free in most Vanguard funds.

With over $7 trillion in global assets under management currently, Vanguard is one of the largest and most reputable investment companies especially for long-term, buy-and-hold investors looking to minimize fees and maximize returns over time.

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