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Home > Company Index > Financial Services > Asset Management > The Vanguard Group, Inc.

The Vanguard Group, Inc.
 NEWS FROM THE STANDARD
Retirement Plans Go Online
Jul 23 1999 12:00 AM PDT

 PROFILE
Just like Lord Nelson's flagship for which it was named, The Vanguard Group is in battle, hoping to torpedo rival FMR, the world's largest mutual fund company. Vanguard offers a wide variety of stocks, bonds, and mixed funds of US and foreign companies' securities. Its most popular products are index funds, which track the market and are generally a safe, long-term investment. Unlike other fund companies, Vanguard keeps costs low; the investor-owned company plows earnings back into its funds, rather than diverting them into fees or advertising. It also reduces costs on its actively managed funds by outsourcing management to other companies.

 COMPETITION
Barclays PLC (BCS)
FMR Corp. (dossier)
Mellon Financial Corporation (MEL)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,600.00
1-Yr. Sales Growth: 6.7%
Employees: 11,000
Revenue per employee: $145,454.55

 KEY PEOPLE
• John J. Brennan
    CEO
• Ralph K. Packard
    CFO

 CONTACT INFO
100 Vanguard Blvd.
Malvern, PA 19355
US
Phone: 610-648-6000
Fax: 610-669-6605
Online: Web Site

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