Vanguard Group, founded by John C. Bogle on May 1, 1975, is an American registered investment advisor based in Malvern, Pennsylvania. As of 2025, it manages approximately $12 trillion in global assets. Vanguard is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) globally, following BlackRock's iShares. The company's unique structure means it is owned by its funds, and therefore by its customers, aligning its interests with those of its investors. In addition to mutual funds and ETFs, Vanguard provides brokerage services, financial planning, asset management, and trust services.
Salim Ramji was appointed CEO on July 8, 2024, succeeding Tim Buckley, making him the first CEO to be hired from outside of Vanguard's internal executive ranks. Mark Loughridge is the chairman, and Greg Davis is the president and Chief Investment Officer. Recent news includes cost reductions across its investment lineup, the launch of the Core-Plus Bond Index ETF (BNDP), and the addition of new funds to its Investor Choice program. Vanguard is recognized as an industry leader in low-cost investing, aiming to democratize investing through accessible and transparent options.