Exploring Advice with Vanguard’s Black Professional Network

June 9, 2021/in Day in the Life, Diversity & inclusion Financial Advisor /by manikantashetty

Exploring Advice with Vanguard’s Black Professional Network

My journey as a Financial Advisor

Growing up in a lower income community, financial advice was a concept not frequently discussed, despite its importance. This disparity is what led me to become a Financial Advisor, but most importantly, what led me to pursue my career as a Financial Advisor with Vanguard’s Personal Advisor Services (PAS). Vanguard stays true to its mission – to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success – and has been a trail blazer in doing this within PAS. I wanted the opportunity to be able to do what is best for clients from a variety of different backgrounds and levels of wealth, and PAS enables me to do this every day.

Joining Vanguard’s Black Professional Network

Professional development is a large part of why I enjoy working at Vanguard. Crew are always encouraged to continuously develop ourselves as well as those around us. As a member of one of Vanguard’s Crew Resource Groups, the Vanguard Black Professional Network (VBPN), I’ve had the honor of serving on a team within VBPN that has been tasked with creating and facilitating unique opportunities for crew to develop personally and professionally by building expertise.

Fireside chat

Earlier this year, we organized a fireside chat highlighting Vanguard’s advisory business, where leaders discussed how Vanguard is bringing advice to traditionally underserved segments at scale and shared career options and best practices for those interested in pursuing a career within Vanguard’s Personal Advisor Services group. The event featured two of Vanguard’s most prestigious women in advice, Janelle McDonald, Head of Product Management and Strategy for Personal Advisor Services, and Massy Williams, CFA and the Principal and Head of Strategic Operations for Financial Advisor Services.

The event was amazing! Janelle and Massy were able to explain where Vanguard fits within the broader advisory and wealth management industry, as well as provide an overview of the competitive landscape. They also opened up about how Vanguard has maintained its standing in the industry due to the quality of service that we offer at a competitive price as well as the commitment we have made to do what is best for our clients. Massy shared, “Vanguard has been consistent in telling investors to be disciplined, stay the course, and remain committed to their long-term investment plans.” This spoke to me because it is essentially the reason that I love being a Financial Advisor with Vanguard; we are equipped with the organization’s methodology and are empowered to do what is best for our clients to ensure they are successful long-term.

Lastly, one of my favorite moments from the event was being able to hear more about career pathing within Vanguard’s advisory business. Janelle highlighted a wide range of options that are available to crew, from client facing roles, such as Financial Advisors, to product ownership opportunities that help shape how we deliver advice to our clients. There are a lot of possibilities, and that leaves me excited about the future.

Interested in exploring our Financial Advisor opportunities? Click here to learn more.

-Aliya W.

CFA® is a registered trademark owned by CFA Institute.
Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company.

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Pride and inclusion in a local community

May 26, 2021/in Diversity & inclusion /by jortega

Pride and inclusion in a local community

As Vanguard celebrates Pride Month, we are excited to share a personal story from a crew member in Arizona. Adele P. and her husband have cultivated an inclusive culture within their neighborhood. Here’s how they did it:

A simple, symbolic gesture

Flags at my home

When I bought my home in early 2019, I noticed how many flags there were in my neighborhood. Most of them were the good ‘ole red, white, and blue, but there were others as well. My home had a flag mount already and by the time I bought a pole, LGBT Pride Month was just around the corner, so I ordered a Pride flag to show my support. However, when schools started shutting down in early 2020, I was surprised by a knock on my door – three teens stopped by to thank me for putting up the flag, stating that with school going virtual, they had been walking around the neighborhood just to hang out. Two of the three identified as LGBT+ and said they really appreciated knowing that someone in the neighborhood supported them as they weren’t getting the acceptance they needed at home.

A couple weeks later, I received letters from two other teens, both identifying as LGBT+, who were in similar situations. They asked if my husband and I would be their pen pals over the next couple months, so I made a mailbox out of a large peanut butter jar that I decorated and put in a flower pot by our door so that they could pick up and drop off letters without being afraid of a family member reading something they weren’t yet ready to share.

A focus on inclusion in the community

Depressed, Lonely, Scared, Queer? Leave a letter, We’ll write back. Love Wins.

It was incredibly moving to see how desperately these kids needed to connect with someone who accepted them. Further, it reminded me of the struggles LGBT youth are still facing today. For this reason, I decided to formally invite my neighbors to drop us a line if they were experiencing challenges as well. In June of 2020, I made signs out of left over pegboard my sister had given me and some acrylic paints we had on hand. One read “Happy Pride, Take a Flag” with a flowerpot of pride flags next to it. Another one read “Depressed, Lonely, Scared, Queer? Leave a letter, we’ll write back. Love Wins.” and we bought a small mailbox to hang up underneath it. During this period, I also ordered a second flag pole and purchased a “Black Lives Matter” flag to hang up on the other side of our garage. I don’t know what I was expecting. I think I was feeling disconnected to people the same way we all were. And I assumed that if five teens contacted me, there were probably a few more that were afraid to or hadn’t thought about it. What I got was letters and notes from people of all age ranges and backgrounds. One was from a delivery truck driver who opened up about their drug addiction recovery and was struggling with their family trusting them again. A few were from likeminded neighbors showing support and introducing themselves. One letter was from a young woman back from college, a first generation college student, who was having a hard time connecting with her parents who were proud of her but didn’t understand what she was going through. There were also many kids, ages 10-18, who were afraid to come out to their parents and just needed someone to share their identities with. Slowly we saw our little flags spread down the street, like weeds of inclusion as the 80+ flags we offered were collected throughout the month.

The moment that made me the happiest, was when a trans boy stopped by to chat. Near the end of our conversation he mentioned that his friend made him a friendship bracelet and he really wanted to wear it, but it was pink. My husband, an artist that was wearing a rainbow of colors that day, stopped him and said, “Don’t replace one toxic set of beliefs with another. If you want to be a boy who wears a pink bracelet, be a boy who wears a pink bracelet! Don’t let the opinion of others keep you from being who you are!” As this boy received validation from a man who was also wearing pink, he grinned bigger than I’ve ever seen, eyes tearing up, as he put on his bracelet and left.

A lasting impact

We’re still receiving about two letters per month, but even more than that are the waves we get from children when they ride past our home on their bikes as well as the smiles we get from our neighbors as they’re walking their dogs. It cost less than $50 between the flags and small mailbox to invite our neighbors into our lives, and I’m so glad we did. This last year has been rough on everyone. Everyone feels the loss of community when their social circles are cut off from them. It’s become clear that these visual signs of inclusion have been important, and I believe they’ll remain important as we get back to our lives and move beyond the pandemic. Because of this, these signs and flags are here to stay for as long as we live in this home.

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Embracing and manifesting cultural differences in leadership

May 5, 2021/in Culture, Diversity & inclusion all /by kunalwagchoray

Embracing and manifesting cultural differences in leadership

Your identity plays a significant role in how you lead. Recognizing and acknowledging your cultural background within your identity shapes your leadership style. Embracing the fact that there are celebrated business leaders from every culture, we can internalize and appreciate there isn’t only one way to be successful. This is the first step to accepting and evolving your personal gifts as a leader. For example, as an Asian female raised by traditional Taiwanese parents, I honed the skill of compromise early in life. Growing up in the U.S., I had many opportunities to practice finding common ground between Eastern values emphasizing collectivism and Western values emphasizing individualism. I am wired to hold and optimize opposing concepts in the same space. As a business leader, I have used this skill time and again to solve seemingly intractable problems with multiple stakeholders.

One of the most important practices in leadership is self-reflection. Through the self-reflection process, you find out all about yourself – the good and the bad. If you don’t accept all you are, you can’t use all you have. There are many aspects of yourself that are there for you to bring to everything you do. Your cultural background is an integral part of who you are. Self-reflection opens the door to discover places you may have overlooked in yourself. This helps you to love your uniqueness. There is, after all, no one like you. You have a perspective that only you can offer and contribute to others.

As leaders, we need to look for opportunities to leverage our identity in whatever we do for our business. It could be as simple as tapping into our personal and professional networks to source diverse clients. Who we are is who we know, and that’s powerful. When we combine our individual networks, we cover a lot of people! For example, Vanguard’s Leadership and Engagement for Asian Professionals (LEAP) Crew Resource Group partnered with ASCEND (a US- based, nationwide Asian professional organization) to co-produce an informative webinar featuring two of our own leaders on investing in these uncertain times. Organizations like this help to expand our network and reach new clients.

Our cultural identity is a wonderful tool to further business goals. As managers, we are charged with creating the right environment and equipping our team to drive business results. It is corporate culture that creates those outcomes. Research proves there are better solutions and more creative, collaborative results when you have a diverse group of people. Bringing our identity to the table is not only the right thing to do, it is also an appreciated one that is good for business. Our clients care about the culture in the corporations they are affiliated with. In my role leading a team of investment consultants who advise our Institutional pension clients, I not only represent, but also discuss our corporate diversity and inclusion efforts.

Embracing your cultural background is not just letting people know who you are, it also includes finding out who they are and how you can work best together. It’s often easy to hide your true self, creating an artificial line of demarcation between work and personal. Too often your personal identity is not accepted as part of your business identity. Getting to know others can allow you to see more of who you are.

Being vulnerable and open to sharing your personal story and inviting others to share theirs becomes a powerful and expansive give and take. Leaders should tell their story, as well as listen to the stories of others. There are plenty of appropriate avenues through informal conversations, blogs, and social events, whether virtual or in person. Just remember that while listening, you should be willing to really hear what the other person is saying.

A good tool for understanding your leadership style and learning about those of others is the Deloitte Business Chemistry types. Like Myers Briggs, it talks about different characteristics within four primary categories: Driver, Pioneer, Integrator, and Guardian. This tool provides greater insight into your style, and also helps us understand the behavior of those with different styles.

Remember that whether you’re conscious of it or not, all parts of you, including your culture, show up in all you do. For example, I am a Pioneer and an Integrator. This makes a lot of sense to me. Being part of an immigrant generation is a crucial part of my identity. When my family came to this country, we had nothing and had to pioneer new ways to do things. As a middle child, I was always keeping the peace, trying to integrate everyone and find compromise. The person I have become because of my background and culture is reflected in my business dealings. Today, my leadership sponsors the Open Architecture effort, connecting investment professionals and information technology. In addition, I find innovative ways to craft win-win pricing proposals for clients and Vanguard, and I bring a differentiated perspective to building our pension advisory business.

Throughout my career, I have found adaptation to be an evolutionary necessity, but rejecting who you are in the process is a mistake. My cultural heritage and personal background are strengths that I leverage daily.

-Jean L.

Jean is a co-lead of LEAP and a Principal and Department Head in Institutional Advisory Services, where she leads a team of investment professionals. She embraced and manifested her own cultural differences to rise through the Investment Management Group Division leading teams in the Fixed Income Group, Risk Management Group, and Global Investors Shared Services. Jean has been an active member of LEAP since its inception – as co-lead for the Leadership and Professional Development sub-team, sponsor of all three LEAP Leadership conferences, and an active member of the Advisory Board.

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Recognizing Autism Awareness Month in IT

April 28, 2021/in Culture, Diversity & inclusion Technology /by kunalwagchoray

Recognizing Autism Awareness Month in IT

To me, Autism Awareness Month is about recognizing the unique perspectives and abilities that various people are able to contribute that are not always recognized. Autism Awareness Month also serves as a time to reflect and consider ways to make both our workplace and world a more inclusive environment for those with Autism and related differences.

The Information Technology (IT) Inclusion Council is an internal volunteer group focused on making the IT environment at Vanguard more welcoming and inclusive of different backgrounds and perspectives. It often holds events to celebrate, recognize, and support different forms of diversity.

On April 1st, the IT Inclusion Council held an Autism Awareness panel featuring crew members from across Vanguard and an external speaker. The event provided a great opportunity for the panelists to draw upon their unique experiences to answer questions from the audience and share their stories.

During the event, some common characteristics and diagnoses with regards to Autism were shared. Chris L., the event panel moderator, summarizes the educational aspect of the event with the following quote, “It’s important for all of us to create an environment that is inclusive of people with autism, and that can start with autism education.” Also, when asked about how to respond to a new autism diagnosis based on her personal experience, panelist Julia S. responded, “Usually, people say they’re sorry. But this is a good thing. You know more [now]. Stuff is going to make sense now. You may have a sense of community now.”

I look forward to being involved with future IT Inclusion Council events focused on promoting the awareness of and celebrating various communities!

-Chris L.

More about the panelists:

Tom N. has been the headmaster at Hill Top Preparatory School for 14 years. Located in Bryn Mawr, Pennsylvania, Hill Top serves bright, neurodiverse students in grades 5-12. Throughout students’ high school years, the school focuses on college preparation and experience in the world of employment.

Michel B. has worked for Vanguard for 16 years and is an IT assurance advisor in Global Resource Strategy and Controls (GRSC). He lives in Pennsylvania, with his wife, daughter, and adult son, who is diagnosed with moderate autism. He enjoys spending time with his family, playing guitar, and educating his friends and colleagues on autism.

April D. is a senior project manager on the Sourcing Governance Team in GRSC. She came to Vanguard in 2016 through the MBA Development Program. Before joining Vanguard, April earned an M.B.A. from Indiana University, a J.D. from Ohio State, and practiced law for ten years. April lives in North Carolina, with her husband and two children, both of whom are on the autism spectrum.

Tracie L. has been at Vanguard since 1998 and has worked in many different technology roles. She currently works in Global Investment & Financial Systems, supporting Corporate Finance on the Oracle Cloud Transformation Program. Tracie grew up and lives in Pennsylvania, with her three sons. Her middle son is autistic.

Julia S. is an infrastructure engineer within Workplace Services in Global Technology Operations. She’s been with Vanguard since 2018 and is passionate about data and automation. She lives in a 145-year-old rowhouse in Philadelphia, Pennsylvania, three blocks from her fiancée. Julia is an autistic mom of an autistic teenager. Their all-autistic household has strong feelings about autistic representation in media and autistic self-advocacy (“don’t talk about us without us”).

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Women’s History Month 2021

March 26, 2021/in Culture, Diversity & inclusion all /by kunalwagchoray

Women’s History Month 2021

Each year on March 8 we celebrate International Women’s Day (IWD) to honor the achievements of women, in a variety of fields, throughout history and across nations. March also happens to be Women’s History Month in the United States.

In recognition of both International Women’s Day (IWD) and Women’s History Month, Vanguard’s Women’s Initiative for Leadership Success (WILS) hosted a number of experiences centered around the 2021 IWD theme: Choose to Challenge. This theme is all about making conscious choices to seek out and celebrate women’s achievements and to challenge and call out gender bias and inequality.

Through live speaker events, coaching sessions, workshops and a podcast, crew engaged with each other across virtual platforms. Many also participated in a #ChoosetoChallenge campaign by posting photos striking the IWD pose to show their commitment to helping forge an inclusive world.

Lastly, WILS also took this opportunity to recognize and celebrate “women we admire” through a spotlight series. Take a moment to read the insights these crew members shared about their personal career experiences with our WILS members.

Ginene L.
Associate Counsel and Senior Manager, Vanguard Litigation & Regulatory Enforcements Team

Ginene opens up about the importance of being your own advocate: “I’ve experienced many encounters that required me to speak up for myself, even when it came with possible rejection or consequence. But that’s the sacrifice of being your biggest advocate––everyone may not agree with you but, if it’s true to who you are and what you believe, you have to trust yourself and trust your journey. I also learned that it’s never too early or too late to take charge of your career. Oftentimes, the fear of ‘why would they want to meet with me’ or ‘what do I have to offer’ gets in the way of building great relationships that can change the trajectory of our career. Keeping my head down and waiting for the work to come may have worked for others, but that wasn’t the road for me.”

Adriana R.
Head of Institutional Sales for Mexico and South America

When asked how she challenges the status quo in her role, Adriana says, “Building a business in the International division means we challenge the status quo pretty frequently, and our business partners will attest to this. Without their collaborative support and frequent and upfront communication, we would not be able to serve our clients by strategically leveraging Vanguard’s scale and strengths.”

Mara B.
Project Manager, Institutional Investor Services Business Enablement Team

When it comes to your career, Mara believes you control your own destiny: “I am certain we have all been in a situation where a friend, family member, or colleague has questioned a decision you made for your career because maybe it was something you hadn’t done before, or maybe it didn’t follow the typical path of those before you. When those situations happened to me, it was important to remember that I was the only one who could make the decision. It didn’t matter what one person said or what they thought of me after, it mattered what I wanted for my career and what would make me happy. You control your own destiny, and the only person who can stop you is you.”

Sara V.
Personal Experience Lead in Australia

On breaking barriers to achieve success, Sara shares, “Growing up, I was blinded by the idea of needing a stable and reputable career when I went down the accounting path. People often say the only way to succeed in your career is to love what you do. It took time to build the courage to do something about the career I’d built that did not align with my passion. Taking action is important, and I’m now in a more people-focused, dynamic and fast-paced role where I use my strengths every day to make an impact. I am so much happier for it—even on the stressful and challenging days!”

Jessica B.
Education Consulting Services Manager, Institutional Investor Group

Jessica opens up about Vanguard’s culture and how it has afforded her flexibility as a working mom: “Something I greatly value about Vanguard’s culture is the opportunity to leverage flexibility in the workplace to be successful as a working mom. Four years ago, my first daughter was born with complications resulting in many lifelong disabilities. I thought my career was over, as the demands for her doctors’ visits and therapies wouldn’t allow me to be successful in both my career and providing her the care she needs. However, our corporate culture and many influential leaders in the organization have taught me that I can do both; thrive as a mother raising a child with disabilities and be a successful career-driven woman. I have learned to utilize resources such as mobile technology to stay plugged in to work while sitting in doctors’ offices. I have leveraged my ability to work a flexible schedule in order to facilitate my daughter’s physical and occupational therapy sessions. Watching my daughter overcome the many obstacles she is faced with daily has been my inspiration to thrive for success in everything I do, to never give up, and to always find the value in my accomplishments.”

Ginene

Adriana

Mara

Sara

Jessica

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Networking amidst a pandemic

March 17, 2021/in Culture, Diversity & inclusion all /by marcin

Two women colleagues on video chat in office

Networking amidst a pandemic

With most of us working remotely, networking has taken a back seat. Gone are the days when you could grab a quick conversation with someone after a meeting, in the hallway, or the galley. In our bubbles, we can’t even meet often with friends outside work. Creative thinking must be called upon. For our personal and professional lives, we need to find fresh ways to connect. Vanguard’s Leadership and Engagement for Asian Professionals (LEAP) is offering opportunities to get to know people across the enterprise with monthly Virtual Coffee Chats.

How it Started
I found out about it when I was asked to put together an email for the LEAP Networking and Cultural Awareness Group. The group realized in a virtual environment it’s hard to meet new people. Someone on the team had the idea of virtual meet ups and two members of the group, Annie B. and Vrinda M., ran with it. By taking advantage of our remote environment, it’s now possible to meet LEAP members across the world.

My Experience
I met with Catherine D., who is Head of Direct/Large Market Sales for Institutional Sales. She and I hit it off and found we have a lot in common, but there were also opportunities for us to help each other grow. For example, she suggested specific areas of focus in my learning journey and I gave her tips on writing. At the end of the meeting we agreed we wanted to continue the friendship. Judging from the responses of other participants, the goal of the LEAP Virtual Coffee Chats to unite people is working! I found a new friend and colleague. Catherine has always been a remote worker from her home in Northern California, and I’m in Pennsylvania. She’s a Department Head in Institutional and I’m an Administrative Associate in Information Technology, so the likelihood that our paths would cross was slim.

My second experience was a wonderful conversation with Stephanie S., a PA-based Accounting Operations Lead in Finance. Though she’s not so far away, Stephanie is still someone I would have been unlikely to meet in the office environment. Now I have new connections, broader perspectives, and agreements to keep the relationship going. Two new friends without leaving my chair!

How LEAP Virtual Coffee Chats Work
For those of you who are interested in organizing a similar program, we explained the concept in an e-mail and provided a link for all who were interested to sign up. Annie and Vrinda performed a randomization on the names and came up with pairings. The pairings were sent out in two columns. The first, highlighted in yellow, was the designated person to set up the meeting. The second column was the partner. Those who sign up continue to be included month to month. With each round, a broad email asks if anyone else wants to participate.

What’s Next?
Annie and Vrinda were pleased that in the second month of Virtual Coffee Chats, the number of people who participated doubled! Not stopping there, the two came up with an idea that, every other month, it might be fun to have a Group Chat, centering on a topic selected by the participants. These would be conducted as small group meetings in Microsoft Teams breakout rooms. For the Group Chats this month, due to popular demand, we are looking into providing healthy breaks of meditation and stretching. LEAP Virtual Coffee Chats continue to bring people together and strengthen them.

-Alexandra C.

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