The Independent Vanguard Adviser
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Seasoned insights on Vanguard funds that most investors don’t know—and Vanguard won’t tell you.
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The Independent Vanguard Adviser is the go-to resource for the serious Vanguard investor who doesn't want to make moves every minute, but wants every move to count.
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IVA QUICK TAKE | Vanguard Adds Three Bond ETFs—Only One Stands Out
My initial assessment of Vanguard’s three new government bond ETFs.
WEEKLY BRIEF | Copper Spikes, Bots Trade, Vanguard Glitches
Budget bills and tariffs | AI trading bots | Watch your cost basis | Vanguard’s technology journey
Vanguard’s Partnership Plan: Big Profits, Little Transparency
Vanguard’s executives cash in while keeping fund shareholders in the dark. Here’s what you need to know about the firm’s profit-sharing plan.
New Highs, New ETFs, and a Familiar Glitch
Gains across the board in the six months | A junk bond ETF is coming | Three government bond ETFs launching soon | Frontier’s Bill Teichner retires | Vanguard assigns a co-manager to its corporate bond index funds | Message Center can’t message | Vanguard says it’s spending $3 billion on tech
Balanced, Not Bland
FUNDS FOCUS – BALANCED FUNDS | Vanguard’s balanced funds are solid, low-cost and straightforward—but they’re not all on the same level. Here’s how to separate the best from the rest.
Stocks Erase Tariff Slump
JULY 2025 | Stocks recover from a near-bear market. Plus, IVA Portfolio notes, the IVA Factor Tracker and a roundup of articles and analysis from the past month.
PRIMECAP at 40: Has This Outperformer Lost Its Edge?
Celebrating 40 years at PRIMECAP while asking if it’s still a buy.
Vanguard: ”Don’t call us, we’ll …”
Vanguard has threatened to terminate accounts of investors they feel call too often. Is this any way to run an investment company?
Vanguard and The Vanguard Group are service marks of The Vanguard Group, Inc. We are not affiliated in any way with The Vanguard Group and receive no compensation from The Vanguard Group, Inc.
Hi, I’m Jeff DeMaso.
Welcome to the Independent Vanguard Adviser.
I’ve been a Vanguard investor for over a decade, co-editing the leading newsletter on Vanguard funds and ETFs. I’m a big Vanguard fan, but they are not perfect (nobody is). I’ll tell you the good and the bad when it comes to Vanguard.
Over two decades while working at a multi-billion-dollar investment firm, I held titles of intern to CIO (and everything in between). I’ve seen investors make avoidable mistakes time and time again. I aim to share the investment insights and advice I want my family and friends to have so that you can make meaningful investments for yours.
When investing, I believe in simplicity, diversification and spending time in the market. A simple promise: My family and I will invest in the same funds I recommend to you!
When I’m not poring over Vanguard’s most recent prospectus, you can find me chasing my toddler around the playground or trying to avoid an injury while reliving the glory days on the soccer pitch.