4.0
22 Oct 2010
Anonymous employee
Former employee
Scottsdale, AZ
Recommend
CEO approval
Business outlook
Pros
The company is owned by its clients, which is a great business model and makes it unique from other investment companies. It allows the company to keep costs down. Everybody is focused on doing what is right for the client. That reduces internal competition between organizations and reduces conflicts of interest between profitability and the client's best interests.
Cons
Vanguard's strength also becomes its opportunity. The unique structure also makes it somewhat insulated with a "we're better mindset." In many respects, Vanguard is better. But to have a good career, you need to fit in. The leadership is patriarchal. Leadership seems open to ideas but not much debate or feedback.