Posture
expanding
~$12T global AUM (2025) and the industry's net-inflow leader — a client-owned, at-cost index machine that grinds share from active managers year after year.
Sourced figures 1
- Wikipedia — The Vanguard Group ~$12T global AUM (2025); client-owned at-cost structure; ~20,000 employees (Dec-2025)
the working
Basis
~$12T global AUM (2025) and the industry's net-inflow leader — a client-owned, at-cost index machine that grinds share from active managers year after year.
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