# Institutional Shareholder Services Inc.

> 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.

- CRD: 111940
- Filed as: INSTITUTIONAL SHAREHOLDER SERVICES INC.
- Also doing business as: ISS STOXX
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rockville, MD
- Filing period: October 2026
- Form ADV filing dated: October 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111940
- AdvisorCensus page: https://advisorcensus.com/firm/institutional-shareholder-services-inc-rockville-md-111940

## Quick answers

**How is Institutional Shareholder Services Inc. compensated?**
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.

**Where is Institutional Shareholder Services Inc. located?**
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).

**Is Institutional Shareholder Services Inc. registered with the SEC or a state?**
Institutional Shareholder Services Inc. is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 111940.

**How have Institutional Shareholder Services Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Institutional Shareholder Services Inc. serve?**
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).

**Does Institutional Shareholder Services Inc. report any disciplinary disclosures?**
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

**What changed in Institutional Shareholder Services Inc.'s recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)
- Other

### 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 | 186 | $0 |
| Investment companies | 45 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 307 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 174 | $0 |
| Charitable organizations | 45 | $0 |
| State or municipal government entities (including government pension plans) | 19 | $0 |
| Other investment advisers | 1,047 | $0 |
| Insurance companies | 80 | $0 |
| Sovereign wealth funds and foreign official institutions | 12 | $0 |
| Corporations or other businesses not listed above | 78 | $0 |
| Other | 253 | $0 |

### Advisory services (Item 5.G)
- Pension consulting services
- Publication of periodicals or newsletters
- Security ratings or pricing services
- Other

### Firm details
- Registered since: 1997 (28 years)
- Employees: 3,350 total, 1,762 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DC, MA, MD, NY, OK
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 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/111940

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Boston, MA
- New York, NY
- Norman, OK
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- iss-stoxx.com
- issgovernance.com
- protectshareholders.com
- LinkedIn @ISS-STOXX
- LinkedIn @ISSSTOXXSustainability
- LinkedIn @iss-esg-australia
- LinkedIn @iss-institutional-shareholder-services
- LinkedIn @iss-stoxx-governance
- LinkedIn @iss-sustainabilitysolutions
- X @evaDimensions
- X @issesg
- X @issesgaustralia
- X @issgovernance
- YouTube @UCBbXjIj8SMGq2f14XkLanJQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 2,500 | March 30, 2021 |
| October 2022 | Not reported | 3,000 | March 31, 2022 |
| October 2023 | Not reported | 3,380 | March 31, 2023 |
| October 2024 | Not reported | 3,600 | March 28, 2024 |
| October 2025 | Not reported | 3,900 | July 29, 2025 |
| October 2026 | Not reported | 3,350 | October 1, 2026 |

Total employees: 2,500 in October 2021 and 3,350 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### June 2026
- Added the business name ISS Stoxx.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Institutional Shareholder Services Inc. (CRD 111940): Form ADV filing data as of October 2026.