Vanguard invests both time and money to reach the forefront of the investment community. The Vanguard Group offers individual and institutional investors a comprehensive line of mutual funds and brokerage services. Boasting more than $1.6 trillion of assets under management including $152 billion in exchange-traded fund (ETF) assets, the firm is battling rival FMR (best known as Fidelity) for the title of largest retail mutual fund manager worldwide. Vanguard's fund options include approximately 230 stock, bond, mixed, and international offerings, as well as variable annuity portfolios; its Vanguard 500 Index Fund is one of the largest in the US. Vanguard was founded in 1975.