# Vanguard Portfolio Management, LLC > Vanguard Portfolio Management, LLC is an SEC-registered investment advisory firm in Malvern, PA, registered since 2025, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 21, 2026. - CRD: 338003 - Filed as: VANGUARD PORTFOLIO MANAGEMENT, LLC - Registration: SEC-registered investment adviser (status as filed: Approved) - Location: Malvern, PA - Filing period: October 2026 - Form ADV filing dated: September 21, 2026 - SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/338003 - AdvisorCensus page: https://advisorcensus.com/firm/vanguard-portfolio-management-llc-malvern-pa-338003 ## Quick answers **How is Vanguard Portfolio Management, LLC compensated?** On its Form ADV (Item 5.E, October 2026), Vanguard Portfolio Management, LLC reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure. **Where is Vanguard Portfolio Management, LLC located?** Vanguard Portfolio Management, LLC's principal office is in Malvern, PA, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F). **Is Vanguard Portfolio Management, LLC registered with the SEC or a state?** Vanguard Portfolio Management, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 338003. **How much does Vanguard Portfolio Management, LLC manage?** Vanguard Portfolio Management, LLC reports $2,656,483,509,980 in regulatory assets under management in its Form ADV filing dated September 21, 2026 (100% discretionary). **What types of clients does Vanguard Portfolio Management, LLC serve?** By number of clients on Form ADV Item 5.D: investment companies (101). **Does Vanguard Portfolio Management, LLC report any disciplinary disclosures?** Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.H(1)(c) (regulator's civil action dismissed under a settlement). 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/338003 **What changed in Vanguard Portfolio Management, LLC's recent Form ADV filings?** In the April 2026 filing data: Employees performing advisory functions went from 1 to 105. Its Item 11 disclosure answers changed (now yes: 11.H(1)(c); now no: 11.H(2)). Added an office in Washington, DC. 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 - Other ### Regulatory assets under management (Item 5.F) - Total: $2,656,483,509,980 - Discretionary: $2,656,483,509,980 - Non-discretionary: $0 ### 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 | 0 | $0 | | Investment companies | 101 | $2,656,483,509,980 | | Business development companies | 0 | $0 | | Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 | | Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 | | Charitable organizations | 0 | $0 | | State or municipal government entities (including government pension plans) | 0 | $0 | | Other investment advisers | 0 | $0 | | Insurance companies | 0 | $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) - Selection of other advisers (including private fund managers) ### Firm details - Registered since: 2025 (0 years) - Employees: 105 total, 105 performing advisory functions - Wrap fee program participation: No - Disclosures (Item 11): Reports 6 disclosure items on Form ADV Item 11. ### Item 11 questions answered yes - 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(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.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? 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/338003 ### Other offices (Schedule D, Section 1.F), as of the October 2026 filing - Scottsdale, AZ - Washington, DC ## Changes in the filing (last 12 months) ### April 2026 - Employees performing advisory functions went from 1 to 105. - Its Item 11 disclosure answers changed (now yes: 11.H(1)(c); now no: 11.H(2)). - Added an office in Washington, DC. - Updated its list of owners and control persons (Schedule A). ### December 2025 - Newly registered with the SEC. ## Source Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Vanguard Portfolio Management, LLC (CRD 338003): Form ADV filing data as of October 2026.