The Vanguard Group history

At first the board of directors rejected this proposal, but in 1977 it was decided that the two funds should get rid of Wellington Management Company as their distributor and designate Vanguard.

John J. Brennan, who joined Vanguard in 1982, becomes the company's second CEO.

Brennan, only 40 years old at the time of the appointment, had worked at the company for 13 years and had acted as Bogle's deputy since 1989.

Assets managed by Vanguard in December 1991 had increased to $75 billion.

Magellan had been the largest mutual fund for nearly a dozen years and in 1992 was three times the size of the Vanguard 500 Index Fund.

Ever mindful of the way extra costs decrease a customer's yields, in 1993 Vanguard introduced four new no-load funds with minimal expenses.

By the end of 1994, Vanguard's total asset base had increased to $132 billion.

In July 1995, John J. Brennan was chosen to succeed John C. Bogle as chief executive officer of Vanguard.

Bogle's successor, CEO John J. Brennan, the company continued to expand, first venturing outside the United States in 1996 when it established offices in Melbourne, Australia.

Internationally, the company established Vanguard Investments Australia in 1997 to serve institutional investors.

Also in 1998 the company added three indexed mutual funds to its Vanguard Group Ireland offerings.

In March 2000 Vanguard said it planned to offer two new actively managed funds and formed a partnership with Turner Investment Partners to reorganize the Turner Growth Equity Fund into the Vanguard Growth Equity Fund.

Established in 2014, the History Center is Vanguard’s corporate archive.

Vanguard has expanded its fund offerings to over 175 United States mutual funds and 195 other funds in the international market as of September 30, 2017.