Wealth manager, bank-affiliated · Malvern, PA
Vanguard Advisers, Inc.
SEC-registered investment adviser · CRD 106715 · SEC 801-49601
At a glance
Vanguard Advisers, Inc. is an SEC-registered investment adviser based in Malvern, Pennsylvania, with $345B in regulatory assets under management as of its Form ADV filed September 24, 2026. It reports 791,495 individual clients, 80,159 of them high-net-worth, holding an average of about $0.4 million each, and 2,208 employees. That ranks it 2nd among the nation’s 5,657 independent wealth management RIAs and 1st of 260 in Pennsylvania. It reports Vanguard as the custodian for its clients’ separately managed accounts.
Main office 610-669-1000investor.vanguard.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $345B
- Rank among independent wealth managers
- #2 of 5,657
- Rank among all SEC RIAs
- #74 of 17,210
- Rank in Pennsylvania
- #1 of 260
- Individual clients
- 791,495
- High-net-worth clients
- 80,159
- Accounts
- 791,528
- Discretionary
- 35% of AUM
- Employees
- 2,208
- Advisory staff
- 1,903
- Offices
- 2,226
Owners and executives on its Form ADV
- Marc C. StewartChief Compliance Officer
- Amma A. BoatengDirector
- John W. BendlDirector
- Joanna M. RotenbergChair & Director
- Carrie A. SimonsChief Financial Officer
- John E. SchadlDirector
- Mary C. CosbyDirector
- Amber L. BrestowskiDirector
Custody and brokerage
Broker-dealer
Hybrid RIA
Vanguard Advisers, Inc. is a hybrid RIA: 1,938 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Vanguard Marketing Corporation.
- Vanguard Marketing Corporation ↗CRD 7452
Its Form ADV brochure (filed September 2026) names Vanguard Marketing as the broker-dealer its advisers are registered with.
Certain members of our management and our advisors are registered representatives of, or are affiliated with, VMC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 711,336 | $165B | 48% |
| High-net-worth individuals | 80,159 | $165B | 48% |
| Pooled investment vehicles | 12 | $15B | 4% |
| Other investment advisers | 21 | $0M | 0% |
Disciplinary disclosures
Vanguard Advisers, Inc. answers yes to 116 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗investor.vanguard.com ↗
AtlasMembers
The full record on Vanguard Advisers, Inc.
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 33 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 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 Pennsylvania
All of Pennsylvania →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Mycio Wealth Partners, LLCPhiladelphia | $16B | 923 |
| Great Valley Advisor Group, LLCBerwyn | $11B | 36,836 |
| Callan Family Office, LLCRadnor | $10B | 170 |
| Wealthcare Advisory Partners LLCWest Chester | $8.3B | 10,696 |
| Confluence Financial PartnersMcMurray | $7.8B | 5,148 |
| Hbks Wealth AdvisorsErie | $7.7B | 7,344 |
Compare Vanguard Advisers, Inc. with
- Vanguard Advisers, Inc. vs Fisher Investments $387B · Plano, TX
- Vanguard Advisers, Inc. vs Edelman Financial Engines $326B · Santa Clara, CA
- Vanguard Advisers, Inc. vs Creative Planning $296B · Overland Park, KS
- Vanguard Advisers, Inc. vs Mycio Wealth Partners, LLC $16B · Philadelphia, PA
Background
Questions
How much does Vanguard Advisers, Inc. manage?
Vanguard Advisers, Inc. reports $345B in regulatory assets under management across 791,528 accounts, 35% of it on a discretionary basis, on its Form ADV filed September 24, 2026.
How many clients does Vanguard Advisers, Inc. have?
It reports 791,495 individual clients: 80,159 high-net-worth individuals and 711,336 other individuals. Individuals account for about 96% of its regulatory assets.
Where is Vanguard Advisers, Inc. headquartered?
Its main office is in Malvern, Pennsylvania. It reports 2,226 offices in total and 2,208 employees, 1,903 of whom perform investment advisory functions.
How does Vanguard Advisers, Inc. 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 Vanguard Advisers, Inc. use?
It reports Vanguard as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 24, 2026, it reports these amounts held: Vanguard ($329B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Vanguard Advisers, Inc. a hybrid RIA with a broker-dealer?
Vanguard Advisers, Inc. is a hybrid RIA: 1,938 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Vanguard Marketing Corporation. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Vanguard Advisers, Inc. a fiduciary?
As an SEC-registered investment adviser, Vanguard Advisers, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 1,938 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Vanguard Advisers, Inc.’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 (2026-09-24), 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 →