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Originally Posted by wdfifteen
They used to be. I've been with them for 20 years. But something happened and they decided to wash their hands of the IRA accounts. They sold the business to Ascensus. We account holders had no say in it.
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Vanguard Ownership Structure
Vanguard has a fairly unique structure for an investment management company. The company is owned by its funds; the funds are owned by the shareholders. This means that its shareholders are the actual owners. Unlike most publicly-owned investment firms, Vanguard has no outside investors other than its shareholders.
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I have investments spread over several places, including vanguard.
We have seen the enemy and it is us
They might not hear one voice, but if a bunch of voices on facepage or X all had the same concerns, they might hear.
Especially around board member election time.
BTW, proxy voting should be outlawed IMO
02-18-2025, 12:16 PM
