Clients
Russell Investments Implementation Services serves 118 clients, 38 of them pooled investment vehicles. The average client has about $687 million with the firm.
- Pension and profit-sharing plans30 clients23%
- Charitable organizations14 clients12%
- State or municipal government entities24 clients64%
- OtherPooled investment vehicles, Other investment advisers, Insurance companies1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 38 | $231,395,173 | 0.3% | $6.09M |
| Pension and profit-sharing plans | 30 | $18,810,930,601 | 23.2% | $627.0M |
| Charitable organizations | 14 | $9,560,182,984 | 11.8% | $682.9M |
| State or municipal government entities | 24 | $52,053,240,717 | 64.2% | $2.17B |
| Other investment advisers | 10 | $232,338,433 | 0.3% | $23.2M |
| Insurance companies | 2 | $203,297,475 | 0.3% | $101.6M |
| Total | 118 | $81,091,385,383 | 100% | $687.2M |
- Clients
- 38
- Regulatory AUM
- $231,395,173
- Share
- 0.3%
- Avg. per client
- $6.09M
- Clients
- 30
- Regulatory AUM
- $18,810,930,601
- Share
- 23.2%
- Avg. per client
- $627.0M
- Clients
- 14
- Regulatory AUM
- $9,560,182,984
- Share
- 11.8%
- Avg. per client
- $682.9M
- Clients
- 24
- Regulatory AUM
- $52,053,240,717
- Share
- 64.2%
- Avg. per client
- $2.17B
- Clients
- 10
- Regulatory AUM
- $232,338,433
- Share
- 0.3%
- Avg. per client
- $23.2M
- Clients
- 2
- Regulatory AUM
- $203,297,475
- Share
- 0.3%
- Avg. per client
- $101.6M
Total
- Clients
- 118
- Regulatory AUM
- $81,091,385,383
- Share
- 100%
- Avg. per client
- $687.2M
What it does
Russell Investments Implementation Services provides portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets, fixed fees, commissions, performance-based fees and other arrangements.
Russell Investments Implementation Services advises no private funds.
100.0% of assets ($81.09B across 146 accounts) are managed with discretion. 8% of clients are outside the U.S., and 65 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks7%
- Funds3%
- Bonds5%
- U.S. government and agency bonds4%
- High-yield corporate bonds1%
- Cash9%
- Other76%
- Derivatives76%
Custodians
Russell Investments Implementation Services’ client accounts are held mainly at The Bank of New York Mellon, with 33% of managed assets, and The Northern Trust, with 27%. Russell Investments Implementation Services has custody of client assets.
- J.P. MorganJpmorgan Chase & Co. · New York, NY · $7.88B10%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $22.30B27%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $21.00B26%
- The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $26.51B33%
- All other custodians$3.41B4%
Ownership and leadership
Russell Investments US Institutional Holdco, Inc. owns 75% or more of Russell Investments Implementation Services.
- Owns 75% or more of Russell Investments Implementation Services, LLC
Russell Investments US Institutional Holdco, Inc.
Control person · since June 2016
- Owns 75% or more of Russell Investments US Institutional Holdco, Inc.
Emerald Acquisition Limited
Control person · since June 2016
- Owns 75% or more of Emerald Acquisition Limited
Russell Investments Cayman Midco, Limited
Control person · since June 2016
- Owns 75% or more of Russell Investments Implementation Services, LLC
Russell Investments Group, LTD.
Control person · since September 2016
- Owns 25% to 50% of Russell Investments Group, LTD.
Ta Xii-A Eu Aiv, L.P.
Control person · since September 2016
Leadership
- Katherine Anne El-HillowDirector; President; Chief Investment Officer
- Amy Elizabeth CurranUS Adviser Chief Compliance Officer
- Cheryl Beth WichersBroker-Dealer Chief Compliance Officer
- Jason Abram LenzoDirector
- Aaron Alexander OstrovskyDirector
- Mark David PaltrowitzChief Risk Officer
- David Andrew SiegelFinancial and Operations Principal
- Howard Brian SurloffChief Legal Officer
Staff
- 569 employees
- 115 in advisory functions
- 79 state-registered reps
- 205 broker-dealer reps
- 1 soliciting firm
Fees
Russell Investments Implementation Services is paid through a percentage of assets under management, fixed fees (other than subscription fees), commissions, performance-based fees and other.
Russell Investments Implementation Services’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Russell Investments Implementation Services has 1 office, with 2 listed addresses across 2 states.
New York · 1 listed address
- 575 Fifth Avenue, New York
Washington · 1 listed address
- 401 Union Street, 18th Floor, SeattleHQ
Other business names
Russell Investments Implementation Services has reported 1 other business name to the SEC.
- Russell Investments
Registration details
- Legal name
- Russell Investments Implementation Services, LLC
- Headquarters
- 401 Union Street, 18th Floor, Seattle, WA 98101
- Phone
- 206-505-7877
- Website
- russellinvestments.com
- SEC file
- 801-60335
- Structure
- Washington LLC
- 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 Russell Investments Implementation Services have?
Russell Investments Implementation Services has 118 clients and manages $81.1 billion for them, as of September 2026. They include 38 pooled investment vehicles, 30 pension and profit-sharing plans and 24 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 September 2026
What services does Russell Investments Implementation Services offer?
Russell Investments Implementation Services provides portfolio management for pooled vehicles, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Russell Investments Implementation Services use?
Russell Investments Implementation Services’ separately managed account assets are held at The Bank of New York Mellon Corporation (New York, NY), with $26,506,256,851, The Northern Trust Company (Chicago, IL), with $22,295,821,138, State Street Bank and Trust Company (Boston, MA), with $21,001,449,907 and Jpmorgan Chase & Co. (New York, NY), with $7,876,712,631. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 September 2026
How many financial advisors does Russell Investments Implementation Services have?
Russell Investments Implementation Services has 79 investment adviser representatives registered with state securities authorities, out of 569 employees, and 115 perform investment advisory functions. 205 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 Russell Investments Implementation Services invest in?
At the end of its last fiscal year, Russell Investments Implementation Services’ separately managed accounts held 76% derivatives, 9% cash and equivalents, 7% exchange-traded equities, 4% U.S. government and agency bonds, 3% registered funds (mutual funds, ETFs, BDCs) and 1% high-yield corporate bonds. 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 Russell Investments Implementation Services?
Russell Investments Implementation Services is owned through a chain of holding companies by Ta Xii-A Eu Aiv, L.P. and Russell Investments Cayman Midco, Limited. Its direct owners are Russell Investments US Institutional Holdco, Inc. (75% or more) and Russell Investments Group, LTD. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 2 September 2026
How does Russell Investments Implementation Services get paid?
Russell Investments Implementation Services is paid through a percentage of assets under management, fixed fees, commissions, performance-based fees and other arrangements.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file