DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

F••••••••• L••

Asset manager (funds and pooled vehicles)London, CRD 160365SEC 801-79120websiteIAPD
Latest filing Jun 26, 2026
First filing on the tape Jan 17, 2014 · 25 filings
SEC status approved since Feb 14, 2014
RAUM
$19B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
43
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
2
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$19B as of Jun 26, 2026
Jun 27, 2014$2.9B then
HNW client RAUM$0 as of Jun 28, 2021
Jun 29, 2018$0 then
State-registered IARs (5.B.3)0 as of Jun 26, 2026
Jun 27, 20140 then
Employees (5.A)43 as of Jun 26, 2026
Jun 27, 201417 then
Private funds2 as of Jun 26, 2026
Jun 27, 20141 then
RAUM -48% over the last fiscal year-26% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 26, 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
$3.7BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%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
+5.6%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 assetsreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$608M, 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)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$19B100%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
5reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$608M for 2 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
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
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      F•••••••• E••••• F•••• L•Other Private Fund$950M308Feb 28, 2012
      F•••••••• S••••••••• E••••• F•••• L•••Other Private Fund$272M75Jun 26, 2019
      S•••••••• L•••Other Private Fund$26.3M43Jun 29, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • L•••••••• M•••• A••••• S•••••• · Partner And Chief Operating Officercontrol
        since 04/2010 · owns 5% to 10%
      • M••••••••• P•••• R•••••• · Chief Financial Officer And Partnercontrol
        since 01/2021 · owns less than 5%
      • P•••••• R•••••• V••••• · Chief Compliance Officercontrol
        since 10/2021 · owns less than 5%
      • S••••• T••••••• C•••••• · Partner And Chief Executive Officercontrol
        since 04/2010 · owns 10% to 25%
      • R•••••• J•••••• J••• · Shareholdercontrol
        since 04/2014 · owns 75% or more of N••••• I• L••
      Entity owners
      • I••••••••• V•••• I••••••••• L•••••• · Partner
        direct · owns 50% to 75%
      • E••••• W••••• · Shareholder
        indirect · owns 25% to 50% of I••••••••• V•••• I••••••••• L••••••
      • E••••• W••••• · Shareholder
        indirect · owns 75% or more of V•••• I••••••••• L••••••
      • E••••• W••••• L•••••• · Shareholder
        indirect · owns 75% or more of E••••• W•••••
      • T•• E••••• W••••• F••••••••• · Shareholder
        indirect · owns 75% or more of E••••• W••••• L••••••
      • V•••• I••••••••• L•••••• · Shareholder
        indirect · owns 50% to 75% of I••••••••• V•••• I••••••••• L••••••
      • N••••• I• L•• · Partner
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      Advisers that list F••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $1.0B to $608M
        Jun 27, 2025 to Jun 26, 2026
      • Discretionary RAUM · $31B to $19B
        Jun 27, 2025 to Jun 26, 2026
      • Pooled vehicle RAUM · $31B to $19B
        Jun 27, 2025 to Jun 26, 2026
      • RAUM · $31B to $19B
        Jun 27, 2025 to Jun 26, 2026
      • Accounts · 6 to 5
        Oct 30, 2024 to Jun 27, 2025
      • Pooled vehicle clients · 6 to 5
        Oct 30, 2024 to Jun 27, 2025
      • Assets in custody · $1.3B to $1.0B
        Oct 30, 2024 to Jun 27, 2025
      • Financial planning clients · unset to
        Oct 30, 2024 to Jun 27, 2025
      • HQ state · unset to
        Oct 30, 2024 to Jun 27, 2025
      • Private funds · 3 to 2
        Oct 30, 2024 to Jun 27, 2025
      • Discretionary RAUM · $38B to $31B
        Oct 30, 2024 to Jun 27, 2025
      • Individual RAUM · 0.0 to unset
        Oct 30, 2024 to Jun 27, 2025
      • Pooled vehicle RAUM · $38B to $31B
        Oct 30, 2024 to Jun 27, 2025
      • RAUM · $38B to $31B
        Oct 30, 2024 to Jun 27, 2025
      • Accounts · 10 to 6
        Dec 1, 2023 to Jun 28, 2024
      • Advisory activities · 2 to 1
        Dec 1, 2023 to Jun 28, 2024
      • Pooled vehicle clients · 9 to 6
        Dec 1, 2023 to Jun 28, 2024
      • Assets in custody · $1.5B to $1.3B
        Dec 1, 2023 to Jun 28, 2024
      • Employees · 39 to 43
        Dec 1, 2023 to Jun 28, 2024
      • Discretionary RAUM · $36B to $38B
        Dec 1, 2023 to Jun 28, 2024
      • Pooled vehicle RAUM · $35B to $38B
        Dec 1, 2023 to Jun 28, 2024
      • RAUM · $36B to $38B
        Dec 1, 2023 to Jun 28, 2024
      • Related bank · false to true
        Jun 29, 2023 to Dec 1, 2023
      • Accounts · 11 to 10
        Jun 29, 2022 to Jun 29, 2023
      • Advisory employees · 6 to 5
        Jun 29, 2022 to Jun 29, 2023
      • Pooled vehicle clients · 10 to 9
        Jun 29, 2022 to Jun 29, 2023
      • Assets in custody · $1.7B to $1.5B
        Jun 29, 2022 to Jun 29, 2023
      • Employees · 35 to 39
        Jun 29, 2022 to Jun 29, 2023
      • Discretionary RAUM · $42B to $36B
        Jun 29, 2022 to Jun 29, 2023
      • Pooled vehicle RAUM · $42B to $35B
        Jun 29, 2022 to Jun 29, 2023
      • RAUM · $42B to $36B
        Jun 29, 2022 to Jun 29, 2023
      • Accounts · 12 to 11
        Oct 8, 2021 to Jun 29, 2022
      • Advisory employees · 9 to 6
        Oct 8, 2021 to Jun 29, 2022
      • Advisory activities · 3 to 2
        Oct 8, 2021 to Jun 29, 2022
      • Pension plan clients · 1 to 0
        Oct 8, 2021 to Jun 29, 2022
      • Pooled vehicle clients · 6 to 10
        Oct 8, 2021 to Jun 29, 2022
      • Assets in custody · $46B to $1.7B
        Oct 8, 2021 to Jun 29, 2022
      • Employees · 47 to 35
        Oct 8, 2021 to Jun 29, 2022
      • Discretionary RAUM · $46B to $42B
        Oct 8, 2021 to Jun 29, 2022
      • HNW RAUM · 0.0 to unset
        Oct 8, 2021 to Jun 29, 2022
      Signals
      9 dated events
      • F••••••••• L•• reported RAUM $18.5B, down 40% from $30.6B (2025-06-27 to 2026-06-26)
        Jun 26, 2026 · RAUM change · derived
      • Victor Bell Greville Ward (Manager Of Fundsmith Equity Fund, Llc) no longer on Schedule A of F••••••••• L•• (listed 2021-10-08, absent 2022-06-29)
        Jun 29, 2022 · Control person left · inference
      • Vernon Robert Parker (Chief Compliance Officer) appeared on Schedule A of F••••••••• L••
        Oct 8, 2021 · Control person joined · fact
      • Charles Simon Godwin (Chief Compliance Officer) no longer on Schedule A of F••••••••• L•• (listed 2021-06-28, absent 2021-10-08)
        Oct 8, 2021 · Control person left · inference
      • F••••••••• L•• reported RAUM $45.7B, up 60% from $28.6B (2020-06-29 to 2021-06-28)
        Jun 28, 2021 · RAUM change · derived
      • R•••••• P••• M••••••••• (Chief Financial Officer) appeared on Schedule A of F••••••••• L••
        Jun 28, 2021 · Control person joined · fact
      • F••••••••• L•• reported RAUM $27.6B, up 37% from $20.1B (2019-01-16 to 2019-06-26)
        Jun 26, 2019 · RAUM change · derived
      • F••••••••• L•• reported RAUM $20.1B, up 45% from $13.8B (2017-06-29 to 2018-06-29)
        Jun 29, 2018 · RAUM change · derived
      • F••••••••• L•• filed its initial SEC registration (Form ADV)
        Jan 17, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/fundsmith-llpreportedpublic record, Form ADV, Sep 18, 2026
      Website
      fundsmith.co.ukreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      44 20 3551 6337reportedpublic record, Form ADV, Jun 26, 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