Vanguard
$872M reported client assets across 7 advisory firms in FY2023 annual amendments
Reported client assets over time
Same-firm comparison: 4 firms that reported Vanguard in both FY2022 and FY2023 annual amendments (ADV Item 5.K.(3)). Fiscal years come directly from the SEC filing-type table; filing dates are not used as a year-end proxy. 2018, 2019, 2020, 2021 are shown but partial — only FY2018: 1 cohort firms, FY2019: 1 cohort firms, FY2020: 1 cohort firms, FY2021: 2 cohort firms. No matched data for FY2017.
| Advisory firm | RAUM at custodian | Firm total AUM | Share | As of |
|---|---|---|---|---|
| Advus Financial Partners, Llc | $397M | $2.8B | 14.3% | 03/28/2024 |
| N | $295M | $2.6B | 11.2% | 03/28/2024 |
| N | $149M | $613M | 24.2% | 03/26/2024 |
| Madrone Investment Advisory, Llc | $18.6M | $201M | 9.3% | 03/21/2024 |
| Morgan Stanley Institutional Investment Advisors Llc | $12.4M | $645M | 1.9% | 03/28/2024 |
| Delphi Management Inc | $514K | $123M | 0.4% | 04/02/2024 |
| Fiduciary Financial Group, Llc | $420K | $545M | 0.1% | 01/29/2024 |
From Form ADV Schedule D 5.K.(3): custodians named at the 10%-of-SMA-assets threshold, with reported dollar amounts. "Share" is reported amount as a share of the firm's total regulatory AUM.