Hello! We’re back with another review on Gold Retired. This time around, we’ll be looking at The Vanguard Group. What is The Vanguard Group? How does it work? and we’ll cover everything you need to know about the IRAs and IRA fees this huge company offers along with other equally important details. Let’s jump straight into it!
Company: Vanguard Group
Owner: Vanguard is owned by its investors, read more about that here.
Price: Depends on the investment
Who is it for: individual investors, financial professionals, corporate representatives, or institutional investors
Overall rating: (2 / 5) Not recommended
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Vanguard Group!
What is Vanguard Group?
Based in Pennsylvania, Vanguard group is one of the world’s largest investment management companies. As of 2009, the value of the assets under their management grew from $1 trillion to a dazzling $5 trillion. Vanguard has international offices in Beijing, Melbourne, London, Paris and more cities across the globe!
Mortimer J. Buckley is the current Chairman and CEO of Vanguard group.
Founded by John Bogle who sadly passed away in 2018, it began operations on May 1st, 1975 and has about 16,600 employees in the United States and abroad, as of April 23, 2018.
It also has over 170 million investors in about 170 countries!
But are these big numbers an indication of great quality? Well, read the rest of the review to find out!
How does it work?
As you’ll see below, the Vanguard group offers different products and account types. You open an account and choose from these different options. It’s worth pointing out though that for people wanting to invest in precious metals, Vanguard isn’t the right choice. They recently changed the name of one of their mutual funds form Precious Metals and Mining Fund to global capital cycles which means that they are taking a step back from the precious metals market for one reason or another!
Overall, the website looks well-designed and the huge numbers seem promising. In spite of all this, the reviews I found online about this company shocked me! Keep reading and check them out!
What are the products and services offered?
Vanguard group allows you to invest in:
- Vanguard mutual funds, which include the Vanguard global capital cycles fund previously known as the Vanguard Precious Metals and Mining Fund
- Other mutual funds
- Stocks & other ETFs
- CDs & bonds
- Cash options
First of all, if you don’t know what’s an IRA, check out this page!
Here are the IRAs Vanguard group offers:
- IRAs: Roth & traditional
- Individual & joint accounts
- 529 college savings plans
- SEPs, i401(k)s & SIMPLEs
- Vanguard 403(b) Services
The Vanguard annual account service fees are show to you on their website as seen from the screenshot below:
What I liked about this is the “how you can avoid the fee” part which clearly helps vanguard’s clients avoid unnecessary expenses.
Can you get the metals delivered home?
There is no information about this on the Vanguard website.
Can you sell back to the company?
This is also not included in the Vanguard Website.
The countries Vanguard Allows are divided into 3 main geographical zones:
- United States
- U.S. Offshore
- South America
- United Kingdom
- Hong Kong
Reviews and Ratings:
As always, Gold Retired collected the reviews about Vanguard Group from the top review sites to help you get an idea about the experiences people had with this company which is crucial before making your decisions.
NOT accredited by the BBB. (1.2 / 5) Click here for details (opens in new window)
Rating: (2 / 5) (out of 9 reviews). Click here for details (opens in new window)
Do you Own or Represent Vanguard Group?
If you are a representative, or associate of Vanguard Group and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final Words and Verdict
Verdict: Not recommended
Overall Rating: (2 / 5)
Although Vanguard group is a huge company and has the numbers to prove that, the extremely poor reviews, not being accredited by the BBB and the fact it’s no longer a big player in the precious metals market make it a not-so-good choice for investors!
The awful experiences some clients had with this company are also enough to make you stay away from it and look for better alternatives.
What do I recommend?
You made a wise decision reading this review, and you are a smart person so I am absolutely sure that you will find the right company that fits your particular needs the best, you just have to look at different options and compare them against each other.
Below you can see our top 5 recommended precious metal dealers (depending on what your needs (and budget) are):
That’s all for this review and I really hope you found it useful! Hopefully, you now have a better understanding of what this company is all about. If you have personal experience with The Vanguard group please feel free to share it with us below in the comment section as it can help others know more about this company!
If you have any questions or remarks, comment below and I’ll be happy to answer!
Till next time!
Founder of: GoldRetired.com