Vanguard Advisers, Inc.

Registered investment adviser · Malvern, PA · CRD #106715

Form ADV data as of 2026-09-01

Regulatory assets

$344.62 billion

Total accounts

791,528

Employees

2,208

Disclosure events

116

Firm details

Website: https://www.linkedin.com/showcase/vanguard-institutional-investing/
Telephone: 610-669-1000
SEC file number: 801-49601
Most recent Form ADV filing: 2026-08-20
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 9 disclosure questions answered Yes, covering 116 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Convicted of or pled guilty/no contest to a felony (past 10 years)
Charged with a felony (past 10 years)
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
A self-regulatory organization found a violation of its rules
A court dismissed an investment-related civil action under a settlement agreement

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$120.70 billion
Non-discretionary regulatory assets under management	$223.92 billion
Total regulatory assets under management	$344.62 billion
Discretionary accounts	592,636
Non-discretionary accounts	198,892
Total accounts	791,528
Regulatory assets under management attributable to non-U.S. persons	$11.5 million

People

Total employees (excluding clerical)	2,208
Employees performing investment advisory functions (including research)	1,903
Employees who are registered representatives of a broker-dealer	1,938
Employees registered as investment adviser representatives with a state	1,941
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	13

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$0
Clients for whom the firm has custody	0
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$329.32 billion
Clients for whom a related person has custody	791,495
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	3

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)

Other business activities

Registered municipal advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorBanking or thrift institutionTrust companyInsurance company or agencySponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys securities from or sells securities to advisory clients (principal transactions)
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	711,336	$164.80 billion
High net worth individuals	80,159	$164.53 billion
Pooled investment vehicles (other than investment companies and BDCs)	12	$15.30 billion
Other investment advisers	21	$0