Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.
The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor. Find VAI's Form CRS and each program's advisory brochurehere for an overview.
VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses.
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In the context of Vanguard's advisory services, it's crucial to understand the structure and offerings provided by Vanguard Advisers, Inc. (VAI) and Vanguard National Trust Company (VNTC). VAI operates as a registered investment advisor, while VNTC functions as a federally chartered, limited-purpose trust company. These entities cater to clients seeking different levels of service, with variations in management approaches, fee structures, eligibility criteria, and access to dedicated advisors.
The differentiation among services can be better comprehended by delving into VAI's Form CRS (Customer Relationship Summary) and the advisory brochures specific to each program. These documents serve as comprehensive guides, outlining the nuances of services, the breakdown of fees, eligibility requirements, and the scope of advisory support available to clients. Accessing these materials provides a holistic overview and aids in making informed decisions regarding investment strategies aligned with individual financial goals.
It's pivotal to recognize that VAI and VNTC operate as subsidiaries under The Vanguard Group, Inc., and are affiliated with Vanguard Marketing Corporation. However, despite their reputable backing, it's essential to note that neither VAI, VNTC, nor their affiliates guarantee profits or ensure protection from investment losses. Understanding the risks associated with investments is a fundamental aspect of any advisory service, emphasizing the importance of due diligence and a well-informed approach to investment decisions.
