Jim Rowley, CFA, is a senior investment strategist in Vanguard Investment Strategy Group, where he leads the team that conducts research and provides thought leadership on issues related to indexing and ETFs. Before joining Vanguard in 2005, Mr. Rowley worked at Gartmore Global Investments, Lehman Brothers, and Merrill Lynch. He earned a B.S. from Villanova University and an M.B.A. from New York University. He is a CFA® charterholder and a past president of the CFA Society of Philadelphia. CFA® is a registered trademark owned by CFA Institute.