Vanguard: The At-Cost Café
This coffee truck turned 26¢ into $7MM for our client.
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The At-Cost Café was created to demonstrate the principle of at-cost investing with Vanguard. Because they operate at-cost, Vanguard's fees are just 1/5 the industry average. This sounds like minutiae to many people, but it can have a huge impact on your investment returns over time.
To make the lesson stick for investors, the truck visited cities across the U.S. and sold coffee for 1/5 the average price, or 26¢ (the money went to local charities).
A “chalkboard” at the truck played this looping educational video.
We used every touch point at the truck – napkins, cups, cardboard sleeves, menu boards) to spell out the facts.
It all added up to a convincing argument – investors moved over $7MM in assets to Vanguard as a direct result of the campaign.