Fundsmith, LLP (London)


Fundsmith, LLP is a large advisory firm based in London. It manages $27.59 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2014.

Fundsmith provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fundsmith: assets under management

The assets under management (AUM) of Fundsmith, LLP is $27.59 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 959% since the beginning of its operation, and $26.38 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $27.59 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.51 billion each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fundsmith, LLP for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fundsmith serves?

The firm provides services to investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Fundsmith is pooled investment vehicles with 5 clients and $25.14 billion of assets under management. Among the 6 most similar advisory firms, Fundsmith has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25.83 billion for 9 clients. 45% of the firm’s clients are foreign persons or businesses.

Fundsmith also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Fundsmith, LLP

The company employs 27 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llp Fundsmith General partner of fundsmith partners u.s. llc (relying adviser) 1 Jun 2010 75% - 100% 160365
Greville Victor Bell Ward Manager of fundsmith partners u.s. llc (relying adviser) 1 Jun 2010 Other 1883604
Terence Charles Smith Partner 1 Jul 2010 50% - 75% 3220157
International Value Investments Limited Partner 1 Jul 2010 Other 2413313
Simon Charles Godwin Partner 1 Jul 2010 Other 6034544
Mark Aubrey Seymour Laurence Partner and chief operating officer 1 Jul 2010 Other 6034546
Julian John Robins Partner 1 Jul 2010 Other 2405201
Llp Fundsmith Member of fundsmith equity fund (gp) llc 1 Mar 2011 75% - 100% 160365
Greville Victor Bell Ward Manager of fundsmith equity fund (gp), llc 1 Mar 2011 Other 1883604
Nolelu Ii Llc Partner 1 Apr 2014 Other 57499519000

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Value Investments Limited Shareholder 1 Jul 2010 75% - 100% 2413313
Julian John Robins Shareholder 1 Apr 2014 75% - 100% 2405201

Based in London

The principal office where Fundsmith, LLP performs its advisory services is located at 33 Cavendish Square, London, W1 G 0 Pw, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44-20-3551-6339. The normal business hours are 9:00 to 5:00 gmt on Monday - Friday. You can find more information about the New York firm at fundsmith.co.uk.