Consultant partners: Plans with $50 million or more

Investments

Investment strategies and approaches 

Active management has always been part of our DNA—Vanguard's first 11 funds were all actively managed. Today, sophisticated modeling and forecasting platforms underpin our investment methodology across our products.

Retirement plans

We blend investment theory and behavioral insights to design TDFs focused on helping investors save enough to have lasting retirement income.
# 1
in TDF assets under management1
15+ million
investors entrusting us with over $1 trillion in TDF assets2
37 %
of the TDF industry, more than any other TDF provider3

Our investment expertise

Draw on Vanguard's deep expertise across a wide range of disciplines to develop customized solutions for your clients.*

Equity Investment Group

  • 58 portfolio managers and traders.
  • Equity index and active quantitative strategies tracking over 60 benchmarks.
  • $4.9 trillion assets under management (AUM).

Gregory Davis, CFA

Chief Investment Officer

Equity investing at Vanguard is all about identifying smart, enduring strategies with a keen focus on low costs and long-term performance. And our process is engineered to ensure that our managers—index and active—do just that. Greg Davis Chief Investment Officer

Portfolio Review Group

  • 91 professionals (28 CFAs).
  • Manager selection due diligence.
  • Monitoring 24 external advisors with $717 billion AUM.
  • Monitoring all internally managed index and fixed income funds.

Daniel Reyes

Principal, Portfolio Review Group

Investment Strategy Group

  • 73 investment professionals (19 Ph.D.s).
  • Empirical research on fiduciary and investment committee issues.
  • Economic analysis and insight.
  • Portfolio modeling.

Joseph H. Davis, Ph.D.

Global Chief Economist and Global Head, Investment Strategy Group

Fixed Income Group

  • 183 investment professionals.
  • Bond, money market, and stable value.
  • Index and active strategies tracking over 50 benchmarks.
  • $2 trillion AUM.

Sara Devereux

Principal, Global Head of Fixed Income Group Investment Management Group

The success of our fixed income investing is the direct result of our collaborative investment team, integrated risk management, and unique client alignment. Sara Devereux Global Head of Fixed Income

Risk Management Group

  • 73 investment professionals.
  • Independent team reporting to the CIO.
  • Thorough and conservative approach to risk control.

Kaitlyn Caughlin

Principal, Global Head of Investment Management & Finance Risk group

Strategic Retirement Consulting

  • 16 staff.
  • 21 years average Vanguard tenure.
  • 12 advanced degrees (4 J.D.s)
  • 6 QPA, 6 QKA, 5 CPC, 3 CEBS.
  • Fiduciary, plan design, and regulatory expertise for both defined contribution and defined benefit plans.

David Stinnett

Principal and Department Head, Strategic Retirement Consulting

*Data as of June 30, 2023.
Questions
Email ConsultantRelations@vanguard.com or contact your Vanguard representative.

1Sources: Target-Date Strategy Landscape Report. Morningstar, Inc., 2023; Vanguard data as of December 31, 2022.

2DC assets are based on AUM in both Vanguard-administered plans and those administered by others. Other figures are based on AUM market share of the TDF industry. Sources: Vanguard and Morningstar, Inc., as of December 31, 2022.

3DC assets are based on AUM in both Vanguard-administered plans and those administered by others. Other figures are based on AUM market share of the TDF industry. Sources: Vanguard and Morningstar, Inc., as of December 31, 2022.

For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

All investing is subject to risk, including the possible loss of money you invest. Diversification does not ensure a profit or protect against a loss. 

Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the Fund name refers to the approximate year (the target date) when an investor in the Fund would retire and leave the work force. The Fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. The Income Fund/Trust has a fixed investment allocation and is designed for investors who are already retired. An investment in a Target Retirement Fund is not guaranteed at any time, including on or after the target date.