Wealth manager, bank-affiliated · Peoria, IL
David Vaughan Investments, LLC
SEC-registered investment adviser · CRD 105990 · SEC 801-12642
At a glance
David Vaughan Investments, LLC is an SEC-registered investment adviser based in Peoria, Illinois, with $5.3B in regulatory assets under management as of its Form ADV filed July 20, 2026. It reports 1,164 individual clients, 721 of them high-net-worth, holding an average of about $3.4 million each, and 48 employees. That ranks it 199th among the nation’s 5,657 independent wealth management RIAs and 16th of 226 in Illinois. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 309-685-0033dviinc.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.3B
- Rank among independent wealth managers
- #199 of 5,657
- Rank among all SEC RIAs
- #2,009 of 17,210
- Rank in Illinois
- #16 of 226
- Individual clients
- 1,164
- High-net-worth clients
- 721
- Accounts
- 4,288
- Discretionary
- 100% of AUM
- Employees
- 48
- Advisory staff
- 48
- Offices
- 2
Owners and executives on its Form ADV
- Lawrence Williams IVElected Manager, Chairman, President & CEO
- David J. Vaughan JrElected Manager
- John V. McClureElected Manager
- Brian A. ChristensenElected Manager & SR Vice President & Chief Investment Officer
- Patrick J. SmarjesseSenior Vice President of Relationship Management
- Todd M. SheridanVice President
- Michael A. PriceChief Compliance Officer, Vice President of Risk Management & Corporate Secretary
- Michael L DewaltElected Manager
- Andrew A. HoneggerElected Manager
- Kevin D SchoepleinElected Manager
- Stephen K HinrichsSenior Vice President of Investment Research
- Elizabeth W SalmonVice President of Operations
Custody and brokerage
Broker-dealer
No broker-dealer ties
David Vaughan Investments, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 721 | $3.7B | 69% |
| Banking or thrift institutions | – | $561M | 11% |
| Charitable organizations | 24 | $348M | 7% |
| Pension and profit sharing plans | 40 | $318M | 6% |
| Individuals | 443 | $211M | 4% |
| Insurance companies | – | $151M | 3% |
| Corporations or other businesses | 12 | $46M | <1% |
Disciplinary disclosures
David Vaughan Investments, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗dviinc.com ↗
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The full record on David Vaughan Investments, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 767 peers of its type and size
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- 20 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Lasalle St. Investment Advisors, L.L.C.Elmhurst | $5.7B | 13,711 |
| Crescent Grove AdvisorsLake Forest | $5.5B | 325 |
| Calamos Wealth Management LLCNaperville | $5.5B | 4,072 |
| Chicago Capital, LLCChicago | $4.8B | 818 |
| Brownson, Rehmus & Foxworth, Inc.Chicago | $4.8B | 263 |
| Chesley, Taft & Associates, LLCChicago | $3.0B | 617 |
Background
Questions
How much does David Vaughan Investments, LLC manage?
David Vaughan Investments, LLC reports $5.3B in regulatory assets under management across 4,288 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 20, 2026.
How many clients does David Vaughan Investments, LLC have?
It reports 1,164 individual clients: 721 high-net-worth individuals and 443 other individuals. Individuals account for about 73% of its regulatory assets.
Where is David Vaughan Investments, LLC headquartered?
Its main office is in Peoria, Illinois. It reports 2 offices in total and 48 employees, 48 of whom perform investment advisory functions.
How does David Vaughan Investments, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does David Vaughan Investments, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed July 20, 2026, it reports these amounts held: Charles Schwab ($4.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is David Vaughan Investments, LLC a hybrid RIA with a broker-dealer?
David Vaughan Investments, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is David Vaughan Investments, LLC a fiduciary?
As an SEC-registered investment adviser, David Vaughan Investments, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is David Vaughan Investments, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →