DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Vanguard Capital Management, LLC

Asset manager (funds and pooled vehicles)Malvern, PennsylvaniaCRD 338002SEC 801-134586IAPD
Latest filing Jul 17, 2026
First filing on the tape Sep 30, 2025 · 5 filings
SEC status approved since Nov 17, 2025
RAUM
$8436B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
235
235 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$8436B as of Jul 17, 2026
Sep 30, 2025$0 then
HNW client RAUM$0 as of Jul 17, 2026
Sep 30, 2025$0 then
State-registered IARs (5.B.3)0 as of Jul 17, 2026
Sep 30, 20250 then
Employees (5.A)235 as of Jul 17, 2026
Sep 30, 20258 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jul 17, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$66BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
portfolio management for investment companies, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$8436B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
128reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Mary Jacqueline Angell · Chief Compliance Officercontrol
        since 07/2025 · owns less than 5%
      • Howard Glenn Booraem · Manager Investment Officercontrol
        since 09/2025 · owns less than 5%
      • J. Laura Merianos · Managercontrol
        since 09/2025 · owns less than 5%
      • Manish Nagar · Managercontrol
        since 09/2025 · owns less than 5%
      • Ann Carrie Simons · Chief Financial Officercontrol
        since 03/2026 · owns less than 5%
      • Thomas Michael Smolenski · Manager Investment Officercontrol
        since 09/2025 · owns less than 5%
      Entity owners
      • Vanguard Group Inc · Active
        direct · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • unusually large average accountStatic outlier · filing Jul 17, 2026
        RAUM per account of $65,907,668,734 against a peer median of $426,672,517 (326 comparable advisers, 100.0th percentile, 214.8 robust deviations)
        peers: asset managers, $20B and over (326) · 100% percentile
      How anomalies are measured
      What changed
      consecutive filings, newest first
      • Accounts · 0 to 128
        Dec 22, 2025 to Mar 30, 2026
      • Advisory employees · 2 to 235
        Dec 22, 2025 to Mar 30, 2026
      • BD registered reps · 1 to 0
        Dec 22, 2025 to Mar 30, 2026
      • Employees · 8 to 235
        Dec 22, 2025 to Mar 30, 2026
      • Other offices · 1 to 2
        Dec 22, 2025 to Mar 30, 2026
      • Discretionary RAUM · $0 to $8436B
        Dec 22, 2025 to Mar 30, 2026
      • RAUM · $0 to $8436B
        Dec 22, 2025 to Mar 30, 2026
      Signals
      No event on the tape.
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      610-669-1000reportedpublic record, Form ADV, Jul 17, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026