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It’s even weirder than that! Vanguard has an odd corporate structure where it’s owned by the funds that it manages, so it’s effectively a co-op owned by its cu
by mattkrause 2y ago
It’s even weirder than that!
Vanguard has an odd corporate structure where it’s owned by the funds that it manages, so it’s effectively a co-op owned by its customers.
- _yb2s 2y agoI don’t understand why customer owned co-ops aren’t ubiquitous. Vanguard is amazing- low fees, and great services- they beat all of the competition. I had to call their support line today and it was the most professional customer service I’ve ever experienced.
- TZubiri 2y agoInteresting, that's inline with Bogle's mission for low (0%) mgmt fees. I think it probably doesn't apply to other majority holders like BlackRock though.