The Vanguard Group, Inc. (Malvern)

The Vanguard Group, Inc. is a large advisory firm based in Malvern. It manages $4.53 trillion of regulatory assets for 254 client accounts. It has been registered with the SEC as an adviser since 2001.

The Vanguard Group provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Vanguard Group: assets under management

The assets under management (AUM) of The Vanguard Group, Inc. is $4.53 trillion, all of which is managed in discretionary accounts. The firm's AUM has grown by 709% since the beginning of its operation, and $13.05 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.53 trillion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $17.84 billion each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Vanguard Group, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joann Heffernan Heisen serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Joann Heffernan Heisen is investment companies with 191 clients and $4.52 trillion of assets under management. Among the 9 most similar advisory firms, The Vanguard Group has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $4.53 trillion for 254 clients. 42% of the firm’s clients are foreign persons or businesses.

The Vanguard Group also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1 for each fund.

Careers at The Vanguard Group, Inc.

The company employs 490 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joann Heffernan Heisen has been acting as President since 1 Jul 1998. John Schadl joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Based in Malvern

The principal office where The Vanguard Group, Inc. performs its advisory services is located at 100 Vanguard Blvd, Malvern, PA 19355, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-669-1000 or by fax 610-669-6600. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at vanguard.com.

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