Vanguard Posts Record Cash Inflow of $130B

The company also announced the retirement of Gus Sauter, managing director and chief investment officer of Vanguard, at the end of the year. Tim Buckley, managing director, will assume the role of chief investment officer. Long-term Vanguard fund manager Edward Owens, who managed the Vanguard Health Care Fund, also plans to retire Dec. 31. Jean Hynes, a long-time associate portfolio manager, will assume managerial responsibility beginning in January.

Vanguard continues its pursuit of enhanced mobile solutions for clients, although it has found that increased mobile usage doesn't mean more frequent trades. Desktop visits are about two times more likely to involve a trade than mobile visits.

Mobile visits by individual investors and plan participants have more than doubled in the past year. In addition, nearly a quarter of all interactions with financial advisors are coming from mobile devices. In 2012, Vanguard updated its mobile apps more than 30 times.

The company announced in May of this year that it was launching five low-cost ETFs available for trading on the London Stock Exchange. Vanguard Canada also expanded its fund lineup in November with the launch of five additional ETFs to Canada's low-cost, disciplined and long-term oriented ETFs.

Vanguard, headquartered in Valley Forge, Pa., is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services.