Vanguard was founded on a simple but revolutionary idea-that a mutual fund company should not have outside owners. Founder John C. Bogle structured Vanguard as a client-owned* mutual fund company with no outside owners seeking profits. … Vanguard’s structure remains unique in the industry.

What is the story of Vanguard?

This engrossing book traces the history of Vanguard—the largest mutual fund organization on earth. Offering the world’s first index mutual fund in 1976, John Bogle led Vanguard from a $1.4 billion firm with a staff of 28 to a global company of 16,000 employees and with more than $5 trillion in assets under management.

Who is behind Vanguard?

TypePrivately held companyFoundedMay 1, 1975FounderJohn C. BogleHeadquartersMalvern, Pennsylvania, U.S. , United States