Victory Capital Management Inc.
Registered investment adviser · San Antonio, TX · CRD #106189
Form ADV data as of 2026-09-01Regulatory assets
$282.71 billion
Total accounts
4,061
Employees
699
Disclosure events
0
Firm details
- Website: https://www.linkedin.com/company/victory-capital-management
- Telephone: 877-660-4400
- SEC file number: 801-46878
- Most recent Form ADV filing: 2026-08-05
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $279.33 billion |
| Non-discretionary regulatory assets under management | $3.39 billion |
| Total regulatory assets under management | $282.71 billion |
| Discretionary accounts | 4,049 |
| Non-discretionary accounts | 12 |
| Total accounts | 4,061 |
| Regulatory assets under management attributable to non-U.S. persons | $11.56 billion |
People
| Total employees (excluding clerical) | 699 |
| Employees performing investment advisory functions (including research) | 170 |
| Employees who are registered representatives of a broker-dealer | 225 |
| Employees registered as investment adviser representatives with a state | 107 |
| Employees registered as IARs for another investment adviser | 13 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $453.4 million |
| Clients for whom the firm has custody | 3 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | No |
| Client funds and securities held in a related person's custody | $566.0 million |
| Clients for whom a related person has custody | 6 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 3 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities in which it has another sales interest
- Receives soft dollar benefits
- Provides employee compensation specifically for obtaining clients
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 3,238 | $1.21 billion |
| High net worth individuals | 37 | $94.0 million |
| Banking or thrift institutions | Not reported | $1.15 billion |
| Investment companies | 420 | $199.76 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 75 | $50.49 billion |
| Pension and profit sharing plans (not the participants or government plans) | 85 | $6.18 billion |
| Charitable organizations | 45 | $1.87 billion |
| State or municipal government entities (including government pension plans) | 19 | $4.51 billion |
| Insurance companies | 11 | $1.37 billion |
| Sovereign wealth funds and foreign official institutions | 7 | $3.95 billion |
| Corporations or other businesses not listed above | 116 | $8.89 billion |
| Other | 14,067 | $3.24 billion |