Clients
Dimensional Fund Advisors serves 2,311 clients, 1,900 of them high-net-worth individuals. The average client has about $442 million with the firm, and high-net-worth clients hold 1% of its $1020.4 billion in assets.
- Investment companies198 clients78%
- Pooled investment vehicles146 clients17%
- OtherHigh-net-worth individuals, Pension and profit-sharing plans, Charitable organizations, State or municipal government entities, Insurance companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Other5%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 1,900 | $6,520,671,399 | 0.6% | $3.43M |
| Investment companies | 198 | $799,099,640,324 | 78.3% | $4.04B |
| Pooled investment vehicles | 146 | $174,143,388,868 | 17.1% | $1.19B |
| Pension and profit-sharing plans | 17 | $2,544,943,291 | 0.2% | $149.7M |
| Charitable organizations | Not reported | $715,417,254 | 0.1% | — |
| State or municipal government entities | 32 | $18,856,623,090 | 1.8% | $589.3M |
| Insurance companies | Not reported | $181,285,473 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | 11 | $14,923,551,269 | 1.5% | $1.36B |
| Corporations and other businesses | 7 | $2,632,925,578 | 0.3% | $376.1M |
| Other | Not reported | $741,138,895 | 0.1% | — |
| Total | 2,311 | $1,020,359,585,441 | 100% | $441.5M |
- Clients
- 1,900
- Regulatory AUM
- $6,520,671,399
- Share
- 0.6%
- Avg. per client
- $3.43M
- Clients
- 198
- Regulatory AUM
- $799,099,640,324
- Share
- 78.3%
- Avg. per client
- $4.04B
- Clients
- 146
- Regulatory AUM
- $174,143,388,868
- Share
- 17.1%
- Avg. per client
- $1.19B
- Clients
- 17
- Regulatory AUM
- $2,544,943,291
- Share
- 0.2%
- Avg. per client
- $149.7M
- Clients
- Not reported
- Regulatory AUM
- $715,417,254
- Share
- 0.1%
- Avg. per client
- —
- Clients
- 32
- Regulatory AUM
- $18,856,623,090
- Share
- 1.8%
- Avg. per client
- $589.3M
- Clients
- Not reported
- Regulatory AUM
- $181,285,473
- Share
- 0.0%
- Avg. per client
- —
- Clients
- 11
- Regulatory AUM
- $14,923,551,269
- Share
- 1.5%
- Avg. per client
- $1.36B
- Clients
- 7
- Regulatory AUM
- $2,632,925,578
- Share
- 0.3%
- Avg. per client
- $376.1M
- Clients
- Not reported
- Regulatory AUM
- $741,138,895
- Share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 2,311
- Regulatory AUM
- $1,020,359,585,441
- Share
- 100%
- Avg. per client
- $441.5M
What it does
Dimensional Fund Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Dimensional Fund Advisors advises 5 private funds.
100.0% of assets ($1020.36B across 2,319 accounts) are managed with discretion. 6% of clients are outside the U.S., and 3 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 91%
- U.S. government/agency bonds
- 3%
- Investment grade corporate bonds
- 2%
- Securities issued by registered investment companies or business development companies
- 4%
- Cash and cash equivalents
- 1%
Custodians
Dimensional Fund Advisors’ client accounts are held mainly at State Street Bank and Trust, with 2% of managed assets, and The Bank of New York Mellon, with 1%. Dimensional Fund Advisors has custody of $76.75B for 43 clients.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $10.99B1%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $17.95B2%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $6.18B1%
- All other custodians$985.23B97%
Ownership and leadership
Dimensional Holdings LLC owns 75% or more of Dimensional Fund Advisors, and David Butler is its CEO.
- Owns 75% or more of Dimensional Fund Advisors LP
Dimensional Holdings LLC
Control person · since November 2006
- Owns 75% or more of Dimensional Holdings LLC
Dimensional Holdings Inc.
Control person · since November 2006
- Owns 25% to 50% of Dimensional Holdings Inc.
David Booth
Control person · since February 2017
Leadership
- David ButlerCo-Chief Executive Officer
- Gerard O'ReillyCo-Chief Executive Officer & Co-Chief Investment Officer
- Bernard GrzelakChief Financial Officer, Treasurer & Vice President
- Catherine NewellExecutive Vice President, Chief Legal Officer & Secretary
- Selwyn NotelovitzChief Compliance Officer & Vice President
- Savina RizovaCo-Chief Investment Officer and Vice President
- David BoothChairman
Staff
- 1,168 employees
- 367 in advisory functions
- 256 state-registered reps
- 523 broker-dealer reps
Reported holdings
Dimensional Fund Advisors’ reported 13F holdings total $551.84B across 3,221 positions, and the ten largest make up 17.1% of it.
- $551.84B
- Reported 13F value
- 3,221
- Positions
- 17.1%
- In the 10 largest
- +14.6%
- Value vs. prior quarter
- Nvidia Corporation3.4%
- Apple Inc.3.1%
- Microsoft Corp.2.1%
- Amazon Com Inc.1.8%
- Micron Technology Inc.1.4%
- Alphabet Inc. · Cap Stk CL A1.2%
- Meta Platforms Inc. · CL A1.2%
- JPMORGAN Chase & CO1.2%
- Alphabet Inc. · Cap Stk CL C0.9%
- Broadcom Inc.0.9%
Together, the ten largest are 17.1% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $551.84B is not its $1020.36B in regulatory assets and does not represent any individual client's portfolio.
Fees
Dimensional Fund Advisors is paid through a percentage of assets under management and performance-based fees.
Dimensional Fund Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Dimensional Fund Advisors has 2 offices, with 3 listed addresses across 3 states.
California · 1 listed address
- 1299 Ocean Avenue, Santa Monica
North Carolina · 1 listed address
- 1515 South Tryon ST., Charlotte
Texas · 1 listed address
- 6300 Bee Cave Road, Building One, AustinHQ
Registration details
- Legal name
- Dimensional Fund Advisors LP
- Headquarters
- 6300 Bee Cave Road, Building One, Austin, TX 78746
- Phone
- 512-306-7400
- SEC file
- 801-16283
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Dimensional Fund Advisors have?
Dimensional Fund Advisors has 2,311 clients and manages $1020.4 billion for them, as of March 2026. They include 1,900 high-net-worth individuals, 198 investment companies and 146 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Dimensional Fund Advisors offer?
Dimensional Fund Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Dimensional Fund Advisors use?
Dimensional Fund Advisors’ separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $17,951,211,816, The Bank of New York Mellon (New York, NY), with $10,992,709,660 and The Northern Trust Company (Chicago, IL), with $6,181,044,780. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Dimensional Fund Advisors have?
Dimensional Fund Advisors has 256 investment adviser representatives registered with state securities authorities, out of 1,168 employees, and 367 perform investment advisory functions. 523 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Dimensional Fund Advisors invest in?
At the end of its last fiscal year, Dimensional Fund Advisors’ separately managed accounts held 91% exchange-traded equities, 4% registered funds (mutual funds, ETFs, BDCs), 3% U.S. government and agency bonds, 2% investment grade corporate bonds and 1% cash and equivalents. It advises 5 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Dimensional Fund Advisors?
Dimensional Fund Advisors is owned through a chain of holding companies by David Booth. Its direct owner is Dimensional Holdings LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Dimensional Fund Advisors get paid?
Dimensional Fund Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file