{
  "crd_number": 111940,
  "slug": "institutional-shareholder-services-inc-rockville-md-111940",
  "primary_business_name": "INSTITUTIONAL SHAREHOLDER SERVICES INC.",
  "legal_name": "INSTITUTIONAL SHAREHOLDER SERVICES INC.",
  "dbas": [
    "ISS STOXX"
  ],
  "city": "Rockville",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "47900",
  "metro": {
    "cbsa_code": "47900",
    "common_name": "Washington",
    "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV",
    "path": "/advisors/dc/washington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1997-12-22",
  "years_registered": 28,
  "period": "2026-10-01",
  "filing_date": "2026-10-01",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": 3350,
  "advisory_employees": 1762,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 253,
      "description": "ACADEMIC,VENDOR, OTHER COMPANIES NOT ABLE TO IDENTIFY AS ABOVE."
    },
    "charitable": {
      "raum": 0.0,
      "count": 45
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 186
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 19
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 80
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 45
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 174
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 1047
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 307
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 78
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 12
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "subscription"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "security_ratings_pricing"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "DC",
    "MA",
    "MD",
    "NY",
    "OK"
  ],
  "websites": [
    "https://iss-stoxx.com",
    "https://issgovernance.com",
    "https://linkedin.com/company/ISS-STOXX",
    "https://linkedin.com/company/ISSSTOXXSustainability",
    "https://linkedin.com/company/iss-esg-australia",
    "https://linkedin.com/company/iss-institutional-shareholder-services",
    "https://linkedin.com/company/iss-stoxx-governance",
    "https://linkedin.com/company/iss-sustainabilitysolutions",
    "https://protectshareholders.com",
    "https://x.com/evaDimensions",
    "https://x.com/issesg",
    "https://x.com/issesgaustralia",
    "https://x.com/issgovernance",
    "https://youtube.com/channel/UCBbXjIj8SMGq2f14XkLanJQ"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111940",
  "disclosure_items": [
    {
      "item": "11.H(2)",
      "question": "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)?"
    }
  ],
  "city_as_filed": "ROCKVILLE",
  "url": "https://advisorcensus.com/firm/institutional-shareholder-services-inc-rockville-md-111940",
  "display_name": "Institutional Shareholder Services Inc.",
  "summary": "Institutional Shareholder Services Inc. is an SEC-registered investment advisory firm in Rockville, MD, registered since 1997, with no regulatory assets under management reported in its Form ADV filing dated October 1, 2026.",
  "citation": "AdvisorCensus. Institutional Shareholder Services Inc. (CRD 111940): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "Subscription fees (for a newsletter or periodical)",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Pension consulting services",
    "Publication of periodicals or newsletters",
    "Security ratings or pricing services",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Institutional Shareholder Services Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Institutional Shareholder Services Inc. reports these compensation arrangements: subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is Institutional Shareholder Services Inc. located?",
      "a": "Institutional Shareholder Services Inc.'s principal office is in Rockville, MD, according to its Form ADV; the October 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Institutional Shareholder Services Inc. registered with the SEC or a state?",
      "a": "Institutional Shareholder Services Inc. is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 111940."
    },
    {
      "q": "How have Institutional Shareholder Services Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Institutional Shareholder Services Inc.: Total employees: 2,500 in October 2021 and 3,350 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Institutional Shareholder Services Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: other investment advisers (1,047); pooled investment vehicles (other than investment companies and business development companies) (307); other (253)."
    },
    {
      "q": "Does Institutional Shareholder Services Inc. report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). 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/111940"
    },
    {
      "q": "What changed in Institutional Shareholder Services Inc.'s recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 2500,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 3000,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 3380,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 3600,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 3900,
      "filing_date": "2025-07-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": 3350,
      "filing_date": "2026-10-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Added the business name ISS Stoxx.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.H(2)).",
        "Employees performing advisory functions went from 1760 to 1762.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/institutional-shareholder-services-inc-rockville-md-111940.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 186,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 45,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 307,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 174,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 45,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 19,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1047,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 80,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 12,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 78,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 253,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111940",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}