What You Need to Know
- Its fifth U.S. location will open early next year to advisors and IT staff in Dallas-Fort Worth.
- Staff hired for the office are set to work remotely until the new office is ready to open.
- Rival Schwab moved its headquarters to this part of Texas earlier this year.
Vanguard plans to open its fifth U.S. office in the Dallas-Fort Worth region early next year. It will be staffed by financial advisors who are part of the asset manager’s virtual Personal Advisor Services program and work remotely with investor clients, as well as technology-focused employees.
“Establishing a new office in Dallas reflects our continued commitment to hiring top advisor and technology talent to support our advised clients,” Vanguard CEO Tim Buckley said in a statement Friday.
Other Vanguard offices with Personal Advisors Services advisors are located in Valley Forge, Pennsylvania, where the fund giant is based; Scottsdale, Arizona; and Charlotte, North Carolina. Including another Vanguard office in Washington, D.C., these five facilities have a combined staffing level of about 15,500.
Staff hired for its Dallas office are set to work remotely until the new office opens in early 2022, it says.