# Russell Investments

> Russell Investments is an SEC-registered investment advisory firm in Seattle, WA, registered since 1982, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 1, 2026.

- CRD: 105734
- Filed as: RUSSELL INVESTMENTS
- Legal name: Russell Investment Management, LLC
- Also doing business as: RUSSELL INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: April 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105734
- AdvisorCensus page: https://advisorcensus.com/firm/russell-investments-seattle-wa-105734

## Quick answers

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

**Where is Russell Investments located?**
Russell Investments' principal office is in Seattle, WA, according to its Form ADV; the May 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Russell Investments registered with the SEC or a state?**
Russell Investments is an SEC-registered investment advisory firm, registered since 1982. Status as filed: Approved. CRD 105734.

**How much does Russell Investments manage?**
Russell Investments reports $68,603,687,893 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (100% discretionary).

**How have Russell Investments' assets and staff changed since 2021?**
In the Form ADV data for Russell Investments: Regulatory assets under management: $43,812,875,415 in the October 2021 data and $68,603,687,893 in the October 2026 data, up 57%. Total employees: 228 in October 2021 and 569 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Russell Investments serve?**
By number of clients on Form ADV Item 5.D: investment companies (58); other investment advisers (11); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Russell Investments use?**
Russell Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Russell Investments report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). 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/105734

**What changed in Russell Investments' recent Form ADV filings?**
In the April 2026 filing data: Its Item 11 disclosure answers changed. Employees performing advisory functions went from 122 to 115.

## 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
- Other

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC
- Pershing LLC

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: $68,603,687,893
- Discretionary: $68,376,577,016
- Non-discretionary: $227,110,877

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 58 | $62,450,610,637 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $1,722,910,841 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $65,317,305 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 11 | $4,364,849,110 |
| Insurance companies | 1 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| 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: 1982 (44 years)
- Employees: 569 total, 115 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 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?

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/105734

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Milwaukee, WI
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- russellinvestments.com
- Facebook @61560293070023
- Instagram @russell.invest
- LinkedIn @russell-investments
- Threads @russell.invest
- TikTok @russellinvestments
- X @russell_invest
- YouTube @russellinvestments

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $43,812,875,415 | 228 | August 12, 2021 |
| October 2022 | $53,890,954,883 | 278 | March 31, 2022 |
| October 2023 | $47,233,145,795 | 651 | June 30, 2023 |
| October 2024 | $52,480,583,056 | 653 | July 30, 2024 |
| October 2025 | $62,376,876,918 | 589 | July 21, 2025 |
| October 2026 | $68,603,687,893 | 569 | April 1, 2026 |

Regulatory assets under management: $43,812,875,415 in the October 2021 data and $68,603,687,893 in the October 2026 data, up 57%.
Total employees: 228 in October 2021 and 569 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Its Item 11 disclosure answers changed.
- Employees performing advisory functions went from 122 to 115.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Russell Investments (CRD 105734): Form ADV filing data as of October 2026.