FYI:
The lengthy bull market has helped boost Vanguard Group investors' assets by $1 trillion since the end of 2011. New revenues from the fees investors pay have also been growing.
Malvern-based Vanguard now manages $2.7 trillion in U.S. investments, up from $1.6 trillion in 2011.
Rising stock values, plus Vanguard's growth at the expense of its rivals - it now controls 18 percent of U.S. mutual fund assets, up from 13 percent before the recession - has generated more than $1 billion in additional annual fees over the last three years.
Vanguard expects to collect $3.8 billion in fees this year, 30 percent more than in 2011, even after cutting fees for some of its investments, according to data founder John C. Bogle compiled and sent to company employees to mark Vanguard's 40th anniversary in September
Regards,
Ted
http://www.philly.com/philly/business/homepage/20141019_PhillyDeals__Vanguard_rides_wave_of_success.html
