SEC-registered wealth management firm Broker-dealer affiliated
Vanguard Advisers, Inc.
As of its Form ADV filed September 24, 2026, Vanguard Advisers, Inc., an SEC-registered, broker-dealer affiliated wealth management firm in Malvern, Pennsylvania, reported $344.6 billion in regulatory assets under management across 791,528 accounts, ranking #1 among all wealth firms in Pennsylvania by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 106715
- SEC file number
- 801-49601
- Registered since
- July 28, 1995
- Latest Form ADV filing
- September 24, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 2,225
Key figures
- Regulatory assets under management
- $344.6 billion
- Discretionary
- $120.7 billion (35.0%)
- Non-discretionary
- $223.9 billion
- Accounts
- 791,528 (592,636 discretionary)
- Clients
- 880,958, approximate as reported
- Employees
- 2,208
- Advisory staff
- 1,903 performing investment advisory functions
- Average account
- $435,385
- Asset growth, 1 year
- 14.7% (from $300.4 billion a year earlier)
- Asset growth, 3-year annual rate
- 4.8% (from $299.2 billion three years earlier)
- Asset growth, 5-year annual rate
- 4.5% (from $276.5 billion five years earlier)
- Client growth, 1 year
- -6.3% (from 940,394)
Broker-dealer affiliated. The firm is affiliated with a bank (Item 7.A(8)) that is part of a group with a broker-dealer (Item 7.A(1)) or controlled by a public company (Schedule D, Item 10.A). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $9.8 billion |
| October 3, 2011 | $21.9 billion |
| October 1, 2012 | $22.0 billion |
| October 1, 2013 | $26.2 billion |
| October 1, 2014 | $36.2 billion |
| October 1, 2015 | $54.5 billion |
| October 3, 2016 | $79.9 billion |
| October 2, 2017 | $107.8 billion |
| October 1, 2018 | $151.1 billion |
| October 1, 2019 | $160.9 billion |
| October 1, 2020 | $221.0 billion |
| October 4, 2021 | $276.5 billion |
| October 3, 2022 | $338.9 billion |
| October 5, 2023 | $299.2 billion |
| October 1, 2024 | $333.1 billion |
| September 2, 2025 | $300.4 billion |
| October 2, 2026 | $344.6 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| Individuals (other than high net worth) 711,336 clients | $164.8 billion | |
| High net worth individuals 80,159 clients | $164.5 billion | |
| Pooled investment vehicles 12 clients | $15.3 billion | |
| Other investment advisers 21 clients | $0 |
How the firm is paid
- A percentage of assets under management
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses or institutional clients
- Selection of other advisers
Financial planning clients (Item 5.H): 87827.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Registered municipal advisor
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Banking or thrift institution
- Trust company
- Insurance company or agency
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $329.3 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 2,464
- Also registered through a broker-dealer
- 2,459
- Employees who are IARs (Form ADV 5.B(3))
- 1,941
Designations held by the firm's IARs: CFP 590, CFA 24, ChFC 8.
Between 99 and 335 of the firm's 2,464 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 9 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Pennsylvania
| Firm | City | RAUM |
|---|---|---|
| Janney Montgomery Scott LLC | Philadelphia | $110.1 billion |
| PNC Wealth Management | Pittsburgh | $30.3 billion |
| Lincoln Investment | Fort Washington | $22.0 billion |
| Mycio Wealth Partners, LLC | Philadelphia | $15.8 billion |
| Great Valley Advisor Group, LLC | Berwyn | $10.6 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Vanguard Advisers, Inc. on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: investor.vanguard.com/advice/personal-financial-advisor
- Wealth management firms in Pennsylvania
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.