{"url":"https://nivawealth.com/firms/fundsmith-160365","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/160365","regulatoryAum":18508143977,"crd":"160365","secFileNumber":"801-79120","legalName":"Fundsmith, LLP","displayName":"Fundsmith","website":"https://www.fundsmith.mu","linkedinUrl":"https://www.linkedin.com/company/fundsmith-llp","founded":null,"organization":"limited liability partnership organized in United Kingdom","fiscalYearEnd":"March","headquarters":{"street":"33 Cavendish Square","city":"London","state":"","stateName":"","country":"United Kingdom","postalCode":"W1G 0PW"},"tradeNames":[],"registration":{"secApproved":"14 February 2014","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":43,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":18508143977,"discretionaryAccounts":5,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":60,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":5,"regulatoryAum":18508143977}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Fundsmith has custody of $608.4M for 2 clients.","otherCustodians":[],"leadership":[{"name":"Terence Smith","title":"Partner and Chief Executive Officer","crd":"3220157"},{"name":"Paul Mainwaring","title":"Chief Financial Officer and Partner","crd":"7397636"},{"name":"Mark Laurence","title":"Partner and Chief Operating Officer","crd":"6034546"},{"name":"Robert Parker","title":"Chief Compliance Officer","crd":"7216762"}],"ownership":[{"label":"Terence Smith","detail":"Partner and chief executive officer in the 10% to 25% ownership band and a control person, since April 2010."},{"label":"International Value Investments Limited","detail":"Partner in the 50% to 75% ownership band and a control person, since April 2010."},{"label":"Mark Laurence","detail":"Partner and chief operating officer in the 5% to 10% ownership band and a control person, since April 2010."},{"label":"Nolelu II LLC","detail":"Partner in the 10% to 25% ownership band, since August 2012."},{"label":"Value Investments Limited","detail":"Indirect owner: a shareholder of International Value Investments Limited in the 50% to 75% band and a control person, since July 2010.","parent":"International Value Investments Limited"},{"label":"Julian Robins","detail":"Indirect owner: a shareholder of Nolelu II LLC in the 75% or more band and a control person, since April 2014.","parent":"Nolelu II LLC"},{"label":"Eighth Wonder Limited","detail":"Indirect owner: a shareholder of Eighth Wonder in the 75% or more band and a control person, since September 2017.","parent":"Eighth Wonder"},{"label":"Eighth Wonder","detail":"Indirect owner: a shareholder of Value Investments Limited in the 75% or more band and a control person, since July 2020. Also a shareholder of International Value Investments Limited in the 25% to 50% band and a control person, since July 2020.","parent":"Value Investments Limited"},{"label":"The Eighth Wonder Foundation","detail":"Indirect owner: a shareholder of Eighth Wonder Limited in the 75% or more band and a control person, since June 2022.","parent":"Eighth Wonder Limited"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"442035516337","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":2},"sources":{"adv1FilingDate":"26 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/160365/PDF/160365.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Fundsmith have?","answer":"Fundsmith has 5 clients and manages $18.5 billion for them, as of June 2026.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 26 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Fundsmith offer?","answer":"Fundsmith provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Fundsmith have?","answer":"Fundsmith has 0 investment adviser representatives registered with state securities authorities, out of 43 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Fundsmith?","answer":"Fundsmith is owned through a chain of holding companies by Julian Robins and The Eighth Wonder Foundation. Its direct owners are Terence Smith (10% to 25%), International Value Investments Limited (50% to 75%), Mark Laurence (5% to 10%) and Nolelu II LLC (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 26 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Fundsmith get paid?","answer":"Fundsmith is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/fundsmith-160365/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1569205/000156920526000012/0001569205-26-000012-index.html","totalValue":13648923682,"positionCount":41,"top10Share":0.5245140161814555,"top10":[{"issuer":"MARRIOTT INTL INC NEW","titleOfClass":"CL A","cusip":"571903202","value":958255687,"shares":2585757,"shareType":"SH","priorValue":1102511105,"priorShares":3370872},{"issuer":"STRYKER CORPORATION","titleOfClass":"COM","cusip":"863667101","value":917391182,"shares":2913833,"shareType":"SH","priorValue":1005950683,"priorShares":3061416},{"issuer":"WATERS 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}