# DWS International GMBH

> DWS International GMBH is an SEC-registered investment advisory firm in Frankfurt Am Main, Germany, registered since 1983, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 14, 2026.

- CRD: 105075
- Filed as: DWS INTERNATIONAL GMBH
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Frankfurt Am Main, Germany
- Filing period: October 2026
- Form ADV filing dated: September 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105075
- AdvisorCensus page: https://advisorcensus.com/firm/dws-international-gmbh-frankfurt-am-main-105075

## Quick answers

**How is DWS International GMBH compensated?**
On its Form ADV (Item 5.E, October 2026), DWS International GMBH reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is DWS International GMBH located?**
DWS International GMBH's principal office is in Frankfurt Am Main, Germany, according to its Form ADV; the October 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is DWS International GMBH registered with the SEC or a state?**
DWS International GMBH is an SEC-registered investment advisory firm, registered since 1983. Status as filed: Approved. CRD 105075.

**How much does DWS International GMBH manage?**
DWS International GMBH reports $228,868,708,325 in regulatory assets under management in its Form ADV filing dated September 14, 2026 (96% discretionary).

**How have DWS International GMBH's assets and staff changed since 2021?**
In the Form ADV data for DWS International GMBH: Regulatory assets under management: $157,036,389,279 in the October 2021 data and $228,868,708,325 in the October 2026 data, up 46%. Total employees: 525 in October 2021 and 703 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does DWS International GMBH serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (80); state or municipal government entities (including government pension plans) (25); pension and profit sharing plans (but not the plan participants or government pension plans) (15).

**Which custodians does DWS International GMBH use?**
DWS International GMBH's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, Deutsche Bank AG (affiliated with the firm) and State Street Bank as custodians holding 10% or more of its separately managed account assets.

**Does DWS International GMBH report any disciplinary disclosures?**
Reports 15 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters, 10 questions about regulatory matters, and 4 questions about civil court matters (11.A(2), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(1), 11.D(2), 11.D(4), 11.D(5), 11.E(2), 11.G, 11.H(1)(a), 11.H(1)(b), 11.H(1)(c), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105075

**What changed in DWS International GMBH's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 71 to 80. Regulatory assets under management went from $178,517,836,998 to $228,868,708,325 (+28%). Added an office in Al Maryah Island, Abu Dhabi. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- Deutsche Bank AG (affiliated with the firm)
- State Street Bank

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $228,868,708,325
- Discretionary: $219,884,373,533
- Non-discretionary: $8,984,334,792

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | Fewer than 5 | $1,421,189,970 |
| Investment companies | 3 | $409,926,015 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 80 | $174,784,569,855 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $12,676,134,881 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 25 | $22,627,160,838 |
| Other investment advisers | Fewer than 5 | $268,975,930 |
| Insurance companies | 13 | $14,675,745,279 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $1,612,962,847 |
| Corporations or other businesses not listed above | Fewer than 5 | $392,042,710 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1983 (42 years)
- Employees: 703 total, 80 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 15 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(a): In the past ten years, has a domestic or foreign court issued an injunction against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(1)(b): Has a domestic or foreign court ever found that the firm or an advisory affiliate was involved in a violation of investment-related statutes or regulations?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105075

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Al Maryah Island, Abu Dhabi
- Amsterdam
- Cologne
- Madrid
- Milan
- Paris
- Stockholm
- Vienna

### Websites listed on Form ADV (Item 1.I)
- [dws.com](https://dws.com)
- [etf.dws.com/en-us](https://etf.dws.com/en-us)
- [group.dws.com](https://group.dws.com)
- [rreefpropertytrust.com](https://rreefpropertytrust.com)
- Facebook @DWS
- Instagram @dws.group
- LinkedIn @DWS-GROUP-COM
- X @DWS_DEUTSCHLAND
- X @DWS_GROUP
- YouTube @DWSDEUTSCHLAND
- YouTube @DWSGROUP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $157,036,389,279 | 525 | September 30, 2021 |
| October 2022 | $50,619,993,879 | 525 | August 29, 2022 |
| October 2023 | $35,082,438,024 | 668 | August 8, 2023 |
| October 2024 | $44,971,911,731 | 685 | August 28, 2024 |
| October 2025 | $178,517,836,998 | 691 | July 11, 2025 |
| October 2026 | $228,868,708,325 | 703 | September 14, 2026 |

Regulatory assets under management: $157,036,389,279 in the October 2021 data and $228,868,708,325 in the October 2026 data, up 46%.
Total employees: 525 in October 2021 and 703 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 71 to 80.
- Regulatory assets under management went from $178,517,836,998 to $228,868,708,325 (+28%).
- Added an office in Al Maryah Island, Abu Dhabi.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. DWS International GMBH (CRD 105075): Form ADV filing data as of October 2026.