|
Vanguard (R) Group Incorporated, founded in 1975 and based in Malvern, Pennsylvania, is a privately held investment management company that serves individual investors, financial services professionals, and institutions. The firm offers personal investors financial planning, retirement planning, and other services. It provides financial advisors with investment education, research, and analysis services. The company offers institutional investors portfolio construction, record-keeping, research, and other services. A website provides clients with access to online investment management tools, information, and services. One of the largest financial management firms in the world, Vanguard Group has assets of approximately $1.1 trillion in U.S. mutual funds. It manages 143 domestic and 40 international funds. The firm serves approximately 9 million shareholders. Vanguard Group is known for its Vanguard Wellington (TM) Fund, established as Industrial and Power Securities Company in 1929. In 1976, the Vanguard 500 Index Fund was opened. It was the first mutual fund offered to individual investors. It has grown to become the largest mutual fund in the world. Vanguard Group maintains additional offices across the United States, Europe, and Asia.
|