# EDGAR Filing Document

**Accession Number:** 0000947529
**File Stem:** 0000932471-25-000734
**Filing Date:** 2025-7
**Character Count:** 23744
**Document Hash:** 10f143650e4cd21ba9254aa314bd9838
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000932471-25-000734.hdr.sgml**: 20250904

**ACCESSION NUMBER**: 0000932471-25-000734

**CONFORMED SUBMISSION TYPE**: MA/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250904

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD ADVISERS INC
- **CENTRAL INDEX KEY:** 0000947529

**ORGANIZATION NAME:**
- **EIN:** 232811930
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01280
- **FILM NUMBER:** 251292535

**BUSINESS ADDRESS:**
- **STREET 1:** 100 VANGUARD BLVD
- **STREET 2:** V26
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355
- **BUSINESS PHONE:** 610-669-1000

**MAIL ADDRESS:**
- **STREET 1:** 100 VANGUARD BLVD V26
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD ADVISERS INC                                   /ADV
- **DATE OF NAME CHANGE:** 19950705

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000947529

**Filer CCC:** XXXXXXXX

**Contact Name:** Augustine Duran

**Contact Phone:** 610-669-4128

**Contact Email:** augustine_duran@vanguard.com

**Notification Emails:** JAMES_C_CREEL@VANGUARD.COM, james_f_marquess@vanguard.com, marc_stewart@vanguard.com, augustine_duran@vanguard.com

### Type of Filing

**Selected Filing Type:** Amendment

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** VANGUARD ADVISERS INC

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 106715

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 23-2811930

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-01435-00

- **Municipal Advisor:** SEC File No: 867-01280

- **SEC-Registered Investment Adviser:** SEC File No: 801-49601, CRD No: 106715

**E. Principal Office and Place of Business:** 100 VANGUARD BLVD, V26, MALVERN, PA, 19355

**Telephone Number:** 610-669-1000

**Mailing Address is Different from Principal Office:** No

**F. Website:** WWW.VANGUARD.COM

**G. Chief Compliance Officer (CCO):**

**Name:** MARC CHRISTOPHER STEWART

**Titles:** CHIEF COMPLIANCE OFFICER

**Address:** 14321 NORTHSIGHT BLVD., SCOTTSDALE, AZ, 85260

**Phone Number:** 480-713-7135

**Email:** MARC_STEWART@VANGUARD.COM

**H. Business Affiliates:**

- **Name:** THE VANGUARD GROUP, INC.

  - **Issuing Agency:** SECURITIES AND EXCHANGE COMMISSION

  - **Jurisdiction:** 

- **Name:** Vanguard Personalized Indexing Management (FKA JustInvest LLC)

  - **Issuing Agency:** SECURITIES AND EXCHANGE COMMISSION

  - **Jurisdiction:** 

**I. Location of Books and Records:** Yes

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** PA

**D. Date of Organization:** 06-23-1995

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 6

**B. Municipal Advisory Activities - Employees:** 6

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 6

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 12

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Fixed Fees
, Fixed Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS

### Item 5: Other Business Activities

- **Investment Advisor:** Actively Engaged: Yes, Primary Business: Yes

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Company, Investment Adviser, Commodity pool operator, Banking/Thrift institution, Trust Company, Insurance company or agency, Investment Company, Investment Adviser, Commodity pool operator, Broker-dealer municipal securities dealer or government securities broker or dealer, Trust Company, Insurance company or agency, Banking/Thrift institution, Trust Company, Investment Adviser, Investment Adviser

**Total Associated Persons:** 7

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** Yes

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** Yes

- **Have discretionary authority to buy/sell municipal securities for clients?:** No

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** No

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** No

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** No

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** —

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** Yes

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** Yes

- **SEC/CFTC Imposed Civil Penalty?:** Yes

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** Yes

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** Yes

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** Yes

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** Yes

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** No

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                                                                 | Title/Status              | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Goliath, Inc., a wholly owned subsidiary of The Vanguard Group, Inc. | Stockholder               | 06-23-1995      | E - 75% or more   | Yes               | 53-0351904   |  |
| MICHAEL THOMAS ROLLINGS                                              | DIRECTOR                  | 09-14-2016      | NA - less than 5% | Yes               |  | 1592402      |
| MATTHEW CLARK BRANCATO                                               | DIRECTOR                  | 05-20-2020      | NA - less than 5% | Yes               |  | 6220380      |
| MATTHEW JOHN BENCHENER                                               | DIRECTOR                  | 12-16-2020      | NA - less than 5% | Yes               |  | 5569805      |
| John Edmund Bisordi                                                  | DIRECTOR, GENERAL COUNSEL | 02-23-2022      | NA - less than 5% | Yes               |  | 000000000    |
| DAVID BRUCE PETTY                                                    | CHIEF FINANCIAL OFFICER   | 10-18-2021      | NA - less than 5% | Yes               |  | 5684895      |
| MARC CHRISTOPHER STEWART                                             | CHIEF COMPLIANCE OFFICER  | 08-11-2023      | NA - less than 5% | Yes               |  | 2688699      |
| AMMA ACHEAMPOMAA BOATENG                                             | DIRECTOR                  | 03-27-2025      | NA - less than 5% | Yes               |  | 4677078      |

### Schedule B: Indirect Owners

| Owning Entity            | Name                     | Title/Status   | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Goliath, Inc.            | The Vanguard Group, Inc. | Stockholder    | 06-23-1995      | E - 75% or more           | Yes               |  |
| The Vanguard Group, Inc. | Vanguard Index Funds     | Stockholder    | 06-23-1995      | C - 25% but less than 50% | Yes               | 23-1999755   |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity            | Name                                                                 | Title/Status              | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | Goliath, Inc., a wholly owned subsidiary of The Vanguard Group, Inc. | Stockholder               | 06-23-1995      | E - 75% or more           | Yes               | 53-0351904   |  |
|  | Indirect    | Goliath, Inc.            | The Vanguard Group, Inc.                                             | Stockholder               | 06-23-1995      | E - 75% or more           | Yes               |  |  |
|  | Indirect    | The Vanguard Group, Inc. | Vanguard Index Funds                                                 | Stockholder               | 06-23-1995      | C - 25% but less than 50% | Yes               | 23-1999755   |  |
| Delete | Direct      |  | MICHAEL THOMAS ROLLINGS                                              | DIRECTOR                  | 09-14-2016      | NA - less than 5%         | Yes               |  | 1592402      |
|  | Direct      |  | MATTHEW CLARK BRANCATO                                               | DIRECTOR                  | 05-20-2020      | NA - less than 5%         | Yes               |  | 6220380      |
| Amend  | Direct      |  | MATTHEW JOHN BENCHENER                                               | DIRECTOR                  | 12-16-2020      | NA - less than 5%         | Yes               |  | 5569805      |
|  | Direct      |  | John Edmund Bisordi                                                  | DIRECTOR, GENERAL COUNSEL | 02-23-2022      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | DAVID BRUCE PETTY                                                    | CHIEF FINANCIAL OFFICER   | 10-18-2021      | NA - less than 5%         | Yes               |  | 5684895      |
|  | Direct      |  | MARC CHRISTOPHER STEWART                                             | CHIEF COMPLIANCE OFFICER  | 08-11-2023      | NA - less than 5%         | Yes               |  | 2688699      |
|  | Direct      |  | AMMA ACHEAMPOMAA BOATENG                                             | DIRECTOR                  | 03-27-2025      | NA - less than 5%         | Yes               |  | 4677078      |
| NewAdd | Direct      |  | John Wesley Bendl                                                    | Director                  | 07-02-2025      | NA - less than 5%         | No                |  | 6931980      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for VANGUARD MARKETING CORPORATION

  - **Disclosure Number:** 1212191

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for VANGUARD MARKETING CORPORATION

  - **Disclosure Number:** 1748453

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

- **Filed On (Applicant):** Form ADV/BD/U4 for VANGUARD ADVISERS INC

- **CRD Number:** 106715

- **Disclosure Number:** 134877

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 105958

  - **Filed On (AP):** Form ADV/BD/U4 for VANGUARD GROUP INC

  - **Disclosure Number:** 2092522

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 105958

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Group Inc.

  - **Disclosure Number:** 2179230

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 105958

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Group Inc.

  - **Disclosure Number:** 2179229

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2238610

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2275526

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 10598

  - **Filed On (AP):** Form ADV/BD/U4 for The Vanguard Group, Inc.

  - **Disclosure Number:** 152155

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2389551

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2388797

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2389553

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2391332

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2390962

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2389317

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2390963

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2390965

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2390969

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2390970

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2390971

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2395168

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2406607

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2406605

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2395171

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2395174

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2395169

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2393266

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2406606

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2406616

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2406608

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2395170

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2395172

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2395173

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2406617

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2418042

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2419655

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2419656

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2419657

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5, 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 7452

  - **Filed On (AP):** Form ADV/BD/U4 for Vanguard Marketing Corporation

  - **Disclosure Number:** 2419658

### Execution Page

**Signature:** Marc Christopher Stewart

**Signer Name:** Marc Christopher Stewart

**Title:** Chief Compliance Officer

**Date:** 07-29-2025

**CRD Number:** 2688699