Vanguard has transformed from an actively managed firm to a leader in index funds, managing nearly $4 trillion in indexing alongside a robust active management operation. With significant growth in both the OCIO and high net worth advisory spaces, Vanguard's journey reflects its adaptability in the evolving investment landscape. Fran shares his unique experience of launching new initiatives within the firm over his 20-year tenure, emphasizing the importance of innovation in asset allocation and portfolio construction.
