Vanguard insiders are worried it’s losing Jack Bogle’s way
As the $10 trillion mutual-fund giant pivots to exclusive financial advice, diehard fans of the company’s founder fear the very soul of the company is at stake.
New York City | Jack Bogle is gone. But head west from Philadelphia, towards the leafy borough of Malvern, Pennsylvania, and turn onto the Vanguard Group campus. There’s old Jack, cast in bronze, surveying his singular creation: Vanguard, the mutual-fund giant that changed everything.
At Vanguard’s headquarters, 117 miles (188 km) and a world away from Wall Street, Bogle’s figurative heirs are charting new paths for his quirky company, that great populariser of low-cost index funds.
