Vanguard set out in 1975 under a radical ownership structure that remains unique in the asset management industry. Our company is owned by its member funds, which in turn are owned by fund shareholders. With no outside owners to satisfy, we focus squarely on meeting the investment needs of our clients.
Vanguard’s core purpose
Vanguard isn't owned by shareholders. It's owned by the people who invest in our funds.1 Our owners have access to personalized financial advice, high-quality investments, retirement tools, and relevant market insights that help them build a future for those they love. That’s the Value of Ownership.
Because our investors are our owners, there are no conflicting loyalties getting in the way of our focusing on their interests.
Because our investors are our owners, we act with conviction on the investment themes that are important to them.
Because our investors are our owners, we can focus on the long term rather than quarterly results.
Because our investors are our owners, we can consistently pass along economies of scale and lower the cost of investing, so they keep more of their returns.
Vanguard prides itself on the quality of its people. Our crew are our company.
Vanguard is led by a highly capable, stable, and diverse leadership team.
By many measures, we are a global leader in the asset management industry.
At Vanguard, we've earned our reputation as a standard-bearer in the business world.
A timeline highlights Vanguard milestones as well as innovations on our journey to give investors the best chance for investment success.
1 Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard.