Clients
Dimensional Fund Advisors serves 100 clients, 77 of them investment companies. The average client has about $3.65 billion with the firm.
- Investment companies77 clients95%
- State or municipal government entities19 clients3%
- OtherPooled investment vehicles, Sovereign wealth funds and foreign official institutions, Corporations and other businesses2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 77 | $347,725,621,092 | 95.3% | $4.52B |
| Pooled investment vehicles | 4 | $4,297,144,484 | 1.2% | $1.07B |
| State or municipal government entities | 19 | $9,840,208,492 | 2.7% | $517.9M |
| Sovereign wealth funds and foreign official institutions | Not reported | $1,598,651,232 | 0.4% | — |
| Corporations and other businesses | Not reported | $1,267,796,612 | 0.3% | — |
| Total | 100 | $364,729,421,912 | 100% | $3.65B |
- Clients
- 77
- Regulatory AUM
- $347,725,621,092
- Share
- 95.3%
- Avg. per client
- $4.52B
- Clients
- 4
- Regulatory AUM
- $4,297,144,484
- Share
- 1.2%
- Avg. per client
- $1.07B
- Clients
- 19
- Regulatory AUM
- $9,840,208,492
- Share
- 2.7%
- Avg. per client
- $517.9M
- Clients
- Not reported
- Regulatory AUM
- $1,598,651,232
- Share
- 0.4%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $1,267,796,612
- Share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 100
- Regulatory AUM
- $364,729,421,912
- Share
- 100%
- Avg. per client
- $3.65B
What it does
Dimensional Fund Advisors provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through fixed fees and other arrangements.
Dimensional Fund Advisors advises no private funds.
100.0% of assets ($364.73B across 106 accounts) are managed with discretion. 6% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks96%
- Funds1%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash1%
Custodians
Dimensional Fund Advisors’ client accounts are held mainly at State Street Bank and Trust, with 1% of managed assets, and The Bank of New York Mellon, with 1%. Dimensional Fund Advisors does not have custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $4.05B1%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $4.83B1%
- OtherThe Northern Trust, All other custodians98%
Ownership and leadership
Dimensional Fund Advisors LP owns 75% or more of Dimensional Fund Advisors, and Nathan Lacaze is its CEO.
- Owns 75% or more of Dimensional Fund Advisors LTD
Dimensional Fund Advisors LP
Control person · since December 1990
- Owns 75% or more of Dimensional Fund Advisors LP
Dimensional Holdings Inc.
Control person · since November 2006
- Owns 25% to 50% of Dimensional Holdings Inc.
David Booth
Control person · since February 2017
- Owns 75% or more of Dimensional Fund Advisors LP
Dimensional Holdings LLC
Control person · since November 2006
Leadership
- Nathan LacazeCo-Chief Executive Officer and Director
- John RomizaCo-Chief Executive Officer and Director
- John BoydDirector and Vice President
- Bernard GrzelakChief Financial Officer, Treasurer and Vice President
- Catherine NewellChief Legal Officer, Secretary and Vice President
- Paul O'DonovanHead of Compliance and Risk, Emea and Vice President
- John SurridgeDirector and Vice President
- Selwyn NotelovitzChief Compliance Officer
- Victoria ParryIndependent Director
- Peter WoodIndependent Director
Staff
- 162 employees
- 64 in advisory functions
- 1 broker-dealer rep
Fees
Dimensional Fund Advisors is paid through fixed fees (other than subscription fees) and other.
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 0 offices, with 1 listed address with no US state reported.
Registration details
- Legal name
- Dimensional Fund Advisors LTD
- Headquarters
- 20 Triton Street, Regent'S Place, London, United Kingdom NW1 3BF
- Phone
- 442030333300
- SEC file
- 801-40136
- Structure
- corporation organized in United Kingdom
- 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 100 clients and manages $364.7 billion for them, as of March 2026. They include 77 investment companies, 19 state or municipal government entities and 4 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 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 $4,827,517,785, The Bank of New York Mellon (New York, NY), with $4,045,470,834 and The Northern Trust Company (Chicago, IL), with $1,577,135,971. 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 0 investment adviser representatives registered with state securities authorities, out of 162 employees, and 64 perform investment advisory functions. 1 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 96% exchange-traded equities, 1% U.S. government and agency bonds, 1% investment grade corporate bonds, 1% registered funds (mutual funds, ETFs, BDCs) and 1% cash and equivalents. It advises no private funds of its own.
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 and Dimensional Holdings LLC. Its direct owner is Dimensional Fund Advisors LP (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 fixed fees and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file