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American investment management firm

Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States.

The firm serves as an investment advisor to over 2,200 institutions^[2] in over 60 countries, as of 30 June 2020.^[3] Its clients include central banks and sovereign institutions, pension funds, endowments and foundations, family offices, fund sponsors, insurance companies, financial intermediaries, and wealth managers.^[4]

History

In 1928, Philadelphia-based accountant Walter L.

Morgan established the first balanced mutual fund in the United States, the Wellington Fund.^[5] Wellington Management Company was incorporated in 1933.

In 1951, the firm hired John C. Bogle, who succeeded Morgan as chairman in 1970. In 1967, Wellington merged with Boston-based investment management fir