The Vanguard Group (United States)

As of January 13, 2021, The Vanguard Group, Inc., an American registered investment advisor with headquarters in Malvern, Pennsylvania, managed roughly $7 trillion in total assets worldwide. It is the second-biggest provider of exchange-traded funds (ETFs) in the world, behind BlackRock's iShares, and the largest provider of mutual funds globally. Vanguard provides brokerage services, educational account services, financial planning, asset management, and trust services in addition to mutual funds and ETFs. According to assets under management, a number of Vanguard-managed mutual funds are at the top of the list of mutual funds in the US. Vanguard is regarded as one of the Big Three index fund managers that rule corporate America, together with BlackRock and State Street.

Rex Sinquefield, who created the first index fund available to the public a few years before John C. Bogle, is also credited with creating the first index fund available to individual investors. However, Bogle is the founder and former chairman of the company. Customers of Vanguard own the company because they own the funds it manages. Most of the funds offered by Vanguard come in two classes: investor shares and admiral shares. Admiral shares have significantly higher minimum investment requirements, typically between $3,000 and $100,000 per fund, but have marginally lower expense ratios. Vanguard's corporate headquarters is in Malvern, a suburb of Philadelphia.

Founded: May 1, 1975

Revenue: $6.936 billion (2020)
AUM: $8.1 trillion (2022)

Website:https://investor.vanguard.com/

Phone: 877-662-7447

Ranking: 10 of the 10 Top Asset Management Firms