Vanguard reviews

Vanguard is a giant cube farm at it's best. They are so high on themselves they can't see outside their own Vanguard bubble. Wages are pitifully below market averages. The company is riddled with middle management that for the most part add zero value to their departments but rather only care about pushing the Vanguard Kool Aid in the interest of self promotion. Age discrimination and reverse race discrimination is painfully obvious. I have seen first hand very qualified white men later in the careers continue to get passed over for promotions in favor of young minorities or young females that possess half the talent and experience. They preach "equality" in the workplace but do not practice it. And no, I am not one of those that got passed over nor am I an older white man. In fact I got promoted twice in a relatively short period of time at vanguard. However, the overall experience was lousy. They really do not care about the employees but rather they are more concerned about their image as a corporate do gooder. I would never recommend working at this company other than entry level to gain some industry work experience.

Team Leaders who know nothing about managing people. promotions based on looks and networking, not performance. The phoney "crews views" annual report. Your group or Team are rated and then you are supposed to find ways to improve the group, but you are never given any time to map out a plan or work on it, It's "what was your talk time", how many times did you shove the advise service up a clients ****. After 19 years of above standard performance ratings-36 letters written to Bogle and Brennen by clients thanking me for what I did for them, a new team leader (25 I think) came in and within 6 months I had a needs improvement mid-year, a verbal warning for wearing a full length black leather coat to work, it was only 10 degrees out side but " was that jacket business attire", to a formal written warning in my file for not responding to my TL's crew chat quickly enough. I had had enough- I submitted for retirement 5 days before my 20th anniversary. Better to get them before they got me. I found out my old TL also had two other older 50+ team members who both had 20+ years on the phones do the same thing within 3 mths of me leaving,submit for retirement. I seethe incompetent 25 year old TL is now a "chief of staff" in the co. Vanguard no longer cares about the crew but more important they don't care about the client. Latest trick is Account Reps HAVE to contact 100 clients per mth and sch-(FORCE) an advice meeting with a CFP-goal force people into advice services. Its the only way for management to make money, fees can only go so low. And the new VBA accounts have restricted clients access to long held investments ideas link auto exchanges, auto withdraws, auto investments directly into funds you now only can go to MM and then exchange into the fund of your choice. I worked in HNW and UHNW and VGI management is going to make that segment so angry with the restrictions those clients will leave and there goes there cash cows.