Vanguard’s financial advisory and exchange traded fund (ETF) businesses have been growing, reflecting the company’s fresh approach away from it’s original bare-basics, no-intermediary philosophy. The original Reuter’s reports that assets under management have more than doubled over the past five years, totaling $210 billion. Meanwhile, staff have increased sevenfold. Vanguard is here for the long term in the financial adviser area and have switched to fee-based business models instead of commission-based. Joe Morris of Ignites reports that the company’s two dozen ETFs have built up $25 billion in assets over the past 6 years.
The company is set to launch an international stock ETF soon and has four fixed-income ETFs in the pipeline.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.