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M*: No Signs Of Complacency At Vanguard: Nor Has It Sold Its Soul To Reach The Top.

FYI: Each year we review Vanguard from an overall parent standpoint. Our due diligence included meeting with company executives at the firm's Malvern, Pennsylvania, headquarters earlier this year. What follows is an initial assessment of where Vanguard stands today, both its opportunities and challenges. It is not comprehensive, but it's a snapshot of the issues we're thinking about. It also builds on the excellent piece Ben Johnson wrote in May.
Regards,
Ted
https://beta.morningstar.com/articles/768030/no-signs-of-complacency-at-vanguard.print.html
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