Pros
Vanguard has some wonderful, wealthy shareholders that are truly a pleasure to assist. The firm has an incredible product menu. When it comes to portfolio construction and management, I am not sure there is a better way to invest. Being in a position to learn Vanguard's methodology and see how they do things can be valuable for anyone. You are in a position to help very impressive people with their financial planning and investment management. People from different stages of life and all walks of life, and if you shut up every once in a while and actually spend time developing client relationship building skills, then there is a lot of wisdom to be pulled from their shareholders.
Cons
The fascist culture is finally destroying what was a beautiful thing. If you are about business. If you are a professional, then don't come near this outfit. They have become a juvenile, ignorant, inexperienced, unqualified, brain washed, political wasteland. And any ethics and morals are gone. Racism, discrimination, and retaliation are an issue. The legal cases just keep coming, you can easily research for yourself. The executives have blown everything up, and they are right on track with their plan. Along with human resources, they developed a performance appraisal system that is quite an impressive insult to any professional. It is so far removed from relevant business results that if you didn't know any better you'd think it delusional. But it's not. They successfully created a playground which allows them to get rid of (manage out) anyone they want at any time. The execs created a Vanguard Accelerated Development Program (VADP) which allows them to pluck graduates right out of college without any experience or knowledge and then stick them in management positions which leads to cost savings. While the firm saves on salaries, the incompetence takes its toll. Call it blowback, and these unintended consequences are now beginning. You have unqualified, mid to late twenty year olds in positions they have no business being in who know nothing outside of this culture. So this breeds more of the sick environment: unprofessional, juvenile, incompetent, yes men, absence of leadership, no focus, no direction, no real business goals, just a bunch of puppets dressing up and going into the office everyday to play pretend business. They could eliminate half of the management, and the business and the client wouldn't even feel it. At the end, it just got to the point where I was embarrassed to work for the company. I guess everyone has their price, but it cost a lot more to buy me. But you'll be surprised how many people will sell any self respect they have left for pennies on the dollar.