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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WEEKLY BRIEF | When Safe Havens Shake—and Indexes Concentrate
Gold hits a wall | Index funds aren’t as diversified as you think | Lower fees and a pricing quirk at Vanguard
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.
Vanguard’s Message Center: Now With No Messaging
You can view messages, but don’t try to send one. Vanguard’s Message Center isn’t fully operational.
From Middle East Tensions to Vanguard’s Big Reorg
Don’t trade headlines | Vanguard to split stock index team | Portfolio Managers reassigned ahead of split | Reporting stale prices
Simple is Smart—But Is It Enough?
FUNDS FOCUS – BALANCED FUNDS | Vanguard’s balanced funds are a great place to begin your investment journey—I’ll help you use them better.
Two Indexing Teams, One Vanguard
Vanguard’s split creates rival indexing teams under one roof. Can it hold costs down while keeping its edge?
Investing Beyond the AI Hype
2026 OUTLOOK | The market’s baseline is growth—but in an AI-driven, fully-priced world, diversification matters more than ever.
The AI Footprint in Your Vanguard Portfolio
MAILBAG | A comprehensive look at Vanguard funds tied to the AI narrative, as well as those that aren’t—and how the IVA Portfolios stack up.
PRIMECAP Finds Its Edge … Again
A strong 2025 reminds investors why patience with PRIMECAP still pays.
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.