Vanguard Personalized Indexing Management
- Regulatory AUM
- $11.4B
- Discretionary
- $11.4B
- Clients
- 205
- Avg AUM / client
- $55.4M
- Accounts
- 4,085
- Employees
- 39
AUM over time
Annual snapshots from Form ADV filings · as of Jul 22, 2026
Investments (13F portfolio — 2,165 positions, $10,188,475,632)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Nvidia Corporation | COM | $653,073,587 | 3,744,688 | 6.41% | 5.75% |
| 2 | Apple Inc | COM | $599,414,419 | 2,361,852 | 5.88% | 5.28% |
| 3 | Microsoft Corp | COM | $407,768,907 | 1,101,572 | 4.0% | 3.59% |
| 4 | Alphabet Inc | CAP STK CL A | $335,127,312 | 1,165,417 | 3.29% | 2.95% |
| 5 | Amazon Com Inc | COM | $291,056,700 | 1,397,497 | 2.86% | 2.56% |
| 6 | Broadcom Inc | COM | $249,711,430 | 806,796 | 2.45% | 2.2% |
| 7 | Meta Platforms Inc | CL A | $188,877,277 | 330,130 | 1.85% | 1.66% |
| 8 | Alphabet Inc | CAP STK CL C | $161,217,051 | 562,006 | 1.58% | 1.42% |
| 9 | Jpmorgan Chase & Co | COM | $147,805,104 | 502,465 | 1.45% | 1.3% |
| 10 | Tesla Inc | COM | $146,478,051 | 394,023 | 1.44% | 1.29% |
| 11 | Eli Lilly & Co | COM | $129,751,954 | 141,070 | 1.27% | 1.14% |
| 12 | Berkshire Hathaway Inc Del | CL B NEW | $115,148,406 | 240,293 | 1.13% | 1.01% |
| 13 | Walmart Inc | COM | $98,020,133 | 788,704 | 0.96% | 0.86% |
| 14 | Exxon Mobil Corp | COM | $96,757,946 | 570,305 | 0.95% | 0.85% |
| 15 | Visa Inc | COM CL A | $86,704,193 | 286,872 | 0.85% | 0.76% |
| 16 | Johnson & Johnson | COM | $84,163,869 | 344,313 | 0.83% | 0.74% |
| 17 | Costco Wholesale Corporation | COM | $78,324,380 | 78,605 | 0.77% | 0.69% |
| 18 | Netflix Inc. | COM | $70,594,195 | 734,209 | 0.69% | 0.62% |
| 19 | Mastercard Incorporated | CL A | $67,594,504 | 135,281 | 0.66% | 0.6% |
| 20 | Abbvie Inc | COM | $66,404,917 | 305,324 | 0.65% | 0.58% |
| 21 | Caterpillar Inc | COM | $57,477,360 | 81,130 | 0.56% | 0.51% |
| 22 | Micron Technology Inc | COM | $55,347,314 | 163,827 | 0.54% | 0.49% |
| 23 | Cisco Sys Inc | COM | $51,810,800 | 667,751 | 0.51% | 0.46% |
| 24 | Merck & Co Inc | COM | $49,301,819 | 409,858 | 0.48% | 0.43% |
| 25 | Applied Matls Inc | COM | $49,072,841 | 143,576 | 0.48% | 0.43% |
Top 25 of 2,165 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 1 | $2.2M | 0.02% |
| Other investment advisers | 203 | $11.3B | 99.4% |
| Corporations and other businesses | 1 | $65.7M | 0.58% |
People (11)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bisordi, John, Edmund | Manager | Jan 2022 (5y) | Less than 5% | |
| Benchener, Matthew, John | Chairman & Manager | Apr 2022 (4y) | Less than 5% | |
| Brancato, Matthew, Clark | Manager | Apr 2022 (4y) | Less than 5% | |
| Risi, Karin, Ann | Manager | Apr 2022 (4y) | Less than 5% | |
| Rollings, Michael, Thomas | Manager | Apr 2022 (4y) | Less than 5% | |
| Stewart, Marc, Christopher | Chief Compliance Officer | Aug 2023 (3y) | Less than 5% | |
| Sherwood Yuen | Registered representative | Jul 2019 (7y) | ||
| Michael Joseph Morrissey | Registered representative | CFP | Jun 2024 (2y) | |
| Benjamin Ronald Hammer | Registered representative | CFA | Jul 2024 (2y) | |
| Vernita Morrissa Exum | Registered representative | CFA | Jan 2025 (2y) | |
| Patrick Joseph Mcdermott | Registered representative | CFP CFA | Apr 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Just Invest Systems, Inc. | Stockholder | Oct 2021 | A | 75% or more |
| Raisonnable Inc. | Stockholder | Oct 2021 | B | ≈ 56.25% – 100% via Just Invest Systems, Inc. |
| Vanguard Group Inc | Stockholder | Jul 2001 | B | ≈ 42.19% – 100% via Raisonnable Inc. |
| Vanguard Index Funds | Stockholder | Aug 1976 | B | ≈ 10.55% – 50% via Vanguard Group Inc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Raisonnable Inc.: 75% – 100% of Just Invest Systems, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Vanguard Group Inc: 75% – 100% of Raisonnable Inc. × 75% – 100% of Just Invest Systems, Inc. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Vanguard Index Funds: 25% – 50% of Vanguard Group Inc × 75% – 100% of Raisonnable Inc. × 75% – 100% of Just Invest Systems, Inc. × 75% – 100% direct ≈ 10.55% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/02/2026 | 6.26 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
Services
- • Portfolio management for individuals/small businesses
- • Other services
Custody
Reported custodians
- Charles Schwab & Co. $6.7B (59% of AUM) Jul 2026
- Fidelity Brokerage Services $3.7B (32% of AUM) Jul 2026
- Interactive Brokers $6.7M (4% of AUM) Nov 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 22, 2026.
View current Form ADV (SEC/IAPD) ↗