DFX Intelligence

RIA Intelligence

The names on this page are hidden. Create a free account to reveal 5 records a month, or get RIA and Wealth Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.

SEC-registered adviser

L••••••• T•••• L••••••

Asset manager (funds and pooled vehicles)London, CRD 158323SEC 801-72541website IAPD

Latest filing Apr 27, 2026

First filing on the tape Mar 23, 2012 · 26 filings

SEC status approved since Aug 1, 2011

RAUM

$9.3B

reported, Item 5.F

Discretionary

100%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

6 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

26 filings and snapshots on the tape

RAUM$9.3B as of Apr 27, 2026

Mar 23, 2012$2.7B then

HNW client RAUM: no history

State-registered IARs (5.B.3)0 as of Apr 27, 2026

Mar 23, 20120 then

Employees (5.A)30 as of Apr 27, 2026

Mar 15, 201313 then

Private funds2 as of Apr 27, 2026

Apr 27, 20151 then

RAUM -37% over the last fiscal year-30% a year over threeIARs 0 to 0

Practice profile

derived from the filing of Apr 27, 2026; every figure names its basis

RAUM per advisor: unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor: unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client: unknownderivedHNW RAUM over HNW clients
Average account: $514MderivedRAUM over accounts (5.F.2.f)
Discretionary: 100%derivedof RAUM
Institutional: 6.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: unknownderivedItem 5.A over advisors
Advisors per office: unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year: -37%derivedbetween the last two annual amendments
Advisor growth, one year: unknownderivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assets, performance-basedreportedItem 5.E
Advisory activities: portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody: $305M, 2 clientsreportedItem 9.A
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

has discretionary authority over which securities are bought or sold (8.C.1)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Pooled investment vehicles$8.7B94%
Pension and profit-sharing plans$581M6.3%

Individual clients: n/areported
HNW clients: n/areported
Pension plan clients: n/areported
Charitable clients: n/areported
Accounts: 18reported
Financial planning clients: 0reported
Wrap fee programs: noreported
Custody of client assets: $305M for 2 clientsreported
Compensation: % of AUM, performancereported
Class basis: private_client_share=0.0 fund_share=0.94 institutional_share=0.06 related_bd=false related_bank=false bd_reps=1.0derived

Advisors registered through the firm

0 on IAPD today, longest tenure first

No representative is registered through this CRD on IAPD.

Advisor movement

Left, latest

none on the tape

Joined, latest

none on the tape

Every departure Every arrival

Private funds

1 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
L••••••• T•••• G••••• E••••• L••	Other Private Fund	$922M	68	Apr 27, 2015

Owners and control persons

Schedule A and B, latest filing

B••••••• J••••• M•••••• R•• · Director & Shareholdercontrol
since 05/2024 · owns less than 5%
C••••••• J••••••• H••••••• · Director & Shareholdercontrol
since 05/2024 · owns less than 5%
L••• M••••••• C••••• Y•••• · Director & Shareholdercontrol
since 03/2010 · owns less than 5%
L•••••••• M••••••• J•••• · Director & Shareholdercontrol
since 03/2000 · owns 25% to 50%
M••••••• M••••• · Chief Compliance Officercontrol
since 06/2021 · owns less than 5%
O••• J•••• S••••• · Non Executive Directorcontrol
since 04/2023 · owns less than 5%
S•••••••• J••••••• A••••• · Chief Operating Officercontrol
since 02/2022 · owns less than 5%
T••••• N•••••••• J••• · Director & Shareholdercontrol
since 03/2000 · owns 25% to 50%
B•••••••• J•••••• A••••• · Non Executive Director
since 07/2020 · owns less than 5%
L••••••• R•••• B••••••• · Non Executive Director
since 04/2023 · owns less than 5%

Entity owners

L••••••• T•••• I••••••••• T•••• P•• · Corporate Shareholder
direct · owns 10% to 25%

Related persons

Schedule D 7.A

No related person reported.

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

ADV anomalies

1 against comparable advisers; where to look, not conclusions

RAUM down 25 %Change between filings · filing Apr 27, 2026
RAUM (Item 5.F) moved from $14,697,665,725 to $9,254,180,434 (-37.0%) between the annual amendments of 2025-04-28 and 2026-04-27; the peer median change was +13.0% (631 comparable advisers, 1.0th percentile of changes)
peers: asset managers, $5B to $20B (631) · 1.3% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Accounts · 17 to 18
Apr 28, 2025 to Apr 27, 2026
Pooled vehicle clients · 15 to 16
Apr 28, 2025 to Apr 27, 2026
Assets in custody · $855M to $305M
Apr 28, 2025 to Apr 27, 2026
Employees · 27 to 30
Apr 28, 2025 to Apr 27, 2026
Private funds · 1 to 2
Apr 28, 2025 to Apr 27, 2026
Discretionary RAUM · $15B to $9.3B
Apr 28, 2025 to Apr 27, 2026
Pension RAUM · $717M to $581M
Apr 28, 2025 to Apr 27, 2026
Pooled vehicle RAUM · $14B to $8.7B
Apr 28, 2025 to Apr 27, 2026
RAUM · $15B to $9.3B
Apr 28, 2025 to Apr 27, 2026
Accounts · 20 to 17
Oct 7, 2024 to Apr 28, 2025
Pooled vehicle clients · 18 to 15
Oct 7, 2024 to Apr 28, 2025
Assets in custody · $922M to $855M
Oct 7, 2024 to Apr 28, 2025
Employees · 26 to 27
Oct 7, 2024 to Apr 28, 2025
Financial planning clients · 0 to 0
Oct 7, 2024 to Apr 28, 2025
HQ state · unset to
Oct 7, 2024 to Apr 28, 2025
Discretionary RAUM · $18B to $15B
Oct 7, 2024 to Apr 28, 2025
Pension RAUM · $666M to $717M
Oct 7, 2024 to Apr 28, 2025
Pooled vehicle RAUM · $17B to $14B
Oct 7, 2024 to Apr 28, 2025
RAUM · $18B to $15B
Oct 7, 2024 to Apr 28, 2025
Accounts · 24 to 20
Apr 29, 2024 to Oct 7, 2024
Pooled vehicle clients · 19 to 18
Apr 29, 2024 to Oct 7, 2024
Assets in custody · $1.1B to $922M
Apr 29, 2024 to Oct 7, 2024
Discretionary RAUM · $20B to $18B
Apr 29, 2024 to Oct 7, 2024
Pension RAUM · $638M to $666M
Apr 29, 2024 to Oct 7, 2024
Pooled vehicle RAUM · $19B to $17B
Apr 29, 2024 to Oct 7, 2024
RAUM · $20B to $18B
Apr 29, 2024 to Oct 7, 2024
Accounts · 26 to 24
May 16, 2023 to Apr 29, 2024
Advisory employees · 7 to 6
May 16, 2023 to Apr 29, 2024
Pooled vehicle clients · 20 to 19
May 16, 2023 to Apr 29, 2024
Assets in custody · $1.9B to $1.1B
May 16, 2023 to Apr 29, 2024
Employees · 28 to 26
May 16, 2023 to Apr 29, 2024
Discretionary RAUM · $22B to $20B
May 16, 2023 to Apr 29, 2024
Pension RAUM · $658M to $638M
May 16, 2023 to Apr 29, 2024
Pooled vehicle RAUM · $21B to $19B
May 16, 2023 to Apr 29, 2024
RAUM · $22B to $20B
May 16, 2023 to Apr 29, 2024
BD registered reps · 0 to 1
Apr 22, 2022 to Apr 27, 2023
Assets in custody · $2.0B to $1.9B
Apr 22, 2022 to Apr 27, 2023
Employees · 26 to 28
Apr 22, 2022 to Apr 27, 2023
Discretionary RAUM · $27B to $22B
Apr 22, 2022 to Apr 27, 2023
Pension RAUM · $834M to $658M
Apr 22, 2022 to Apr 27, 2023

Signals

6 dated events

L••••••• T•••• L•••••• reported RAUM $9.3B, down 37% from $14.7B (2025-04-28 to 2026-04-27)
Apr 27, 2026 · RAUM change · derived
H••••••• J•••••• C•••••• (Director & Shareholder) appeared on Schedule A of L••••••• T•••• L••••••
Oct 7, 2024 · Control person joined · fact
M•••••• Rex J•••• B•••••• (Director & Shareholder) appeared on Schedule A of L••••••• T•••• L••••••
Oct 7, 2024 · Control person joined · fact
J•••• Keith Wilson (Director & Shareholder) no longer on Schedule A of L••••••• T•••• L•••••• (listed 2023-05-16, absent 2024-04-29)
Apr 29, 2024 · Control person left · inference
L••••••• T•••• L•••••• reported RAUM $28.7B, up 27% from $22.7B (2020-04-28 to 2020-10-29)
Oct 29, 2020 · RAUM change · derived
L••••••• T•••• L•••••• reported RAUM $18.8B, up 66% from $11.3B (2017-04-27 to 2018-04-27)
Apr 27, 2018 · RAUM change · derived

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

How to reach

public business contact points only, each with its source

Firm profile: uk.linkedin.com/company/lindsell-train-limitedreportedpublic record, Form ADV, Sep 21, 2026
Website: L•••••••T••••.COMreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone: 4420 7808 1210reportedpublic record, Form ADV, Apr 27, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor: n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026