{"url":"https://nivawealth.com/firms/independent-franchise-partners-150108","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/150108","regulatoryAum":23845058541,"crd":"150108","secFileNumber":"801-70126","legalName":"Independent Franchise Partners LLP","displayName":"Independent Franchise Partners","website":null,"linkedinUrl":"HTTPS://www.linkedin.com/company/independent-franchise-partners-llp","founded":null,"organization":"limited liability partnership organized in United Kingdom","fiscalYearEnd":"March","headquarters":{"street":"Level 1, 10 Portman Square","city":"London","state":"","stateName":"","country":"United Kingdom","postalCode":"W1H 6AZ"},"tradeNames":[],"registration":{"secApproved":"15 May 2009","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":34,"advisory":12,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":23845058541,"discretionaryAccounts":35,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":55,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":1,"regulatoryAum":1530874325},{"label":"Pooled investment vehicles","clients":12,"regulatoryAum":16315828430},{"label":"Pension and profit-sharing plans","clients":null,"regulatoryAum":1281489329},{"label":"Charitable organizations","clients":5,"regulatoryAum":1044957810},{"label":"State or municipal government entities","clients":7,"regulatoryAum":2707957233},{"label":"Insurance companies","clients":null,"regulatoryAum":286700720},{"label":"Corporations and other businesses","clients":5,"regulatoryAum":677250694}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":11863221312},{"name":"J.P. Morgan Chase Bank","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":3970745787},{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":5353209924}],"custodyNote":"Independent Franchise Partners has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Sandeep Ghela","title":"Partner, Chief Compliance Officer & Chief Operating Officer","crd":"6883595"},{"name":"Richard Crosthwaite","title":"Partner","crd":"5297066"},{"name":"Terence Fisher","title":"Partner","crd":"8239450"},{"name":"Karim Ladha","title":"Partner","crd":"6771373"},{"name":"Jayson Vowles","title":"Managing Partner","crd":"5659121"}],"ownership":[{"label":"Jayson Vowles","detail":"Managing partner in the 25% to 50% ownership band and a control person, since January 2023. Also a owner of Samannajosh Limited in the 75% or more band and a control person, since February 2011."},{"label":"Samannajosh Limited","detail":"Owner/partner in the 5% to 10% ownership band, since February 2011."},{"label":"Karim Ladha","detail":"Partner in the 10% to 25% ownership band and a control person, since April 2017."},{"label":"Sandeep Ghela","detail":"Partner, chief compliance officer & chief operating officer in the 10% to 25% ownership band and a control person, since December 2017."},{"label":"Richard Crosthwaite","detail":"Partner in the 10% to 25% ownership band and a control person, since February 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"442074959070","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":96},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":2},"sources":{"adv1FilingDate":"2 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/150108/PDF/150108.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Independent Franchise Partners have?","answer":"Independent Franchise Partners has 30 clients and manages $23.8 billion for them, as of July 2026. They include 12 pooled investment vehicles, 7 state or municipal government entities and 5 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 2 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Independent Franchise Partners offer?","answer":"Independent Franchise Partners provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Independent Franchise Partners use?","answer":"Independent Franchise Partners’ separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $11,863,221,312, State Street Bank and Trust Company (Boston, MA), with $5,353,209,924 and J.P. Morgan Chase Bank (New York, NY), with $3,970,745,787. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Independent Franchise Partners have?","answer":"Independent Franchise Partners has 0 investment adviser representatives registered with state securities authorities, out of 34 employees, and 12 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":"What does Independent Franchise Partners invest in?","answer":"At the end of its last fiscal year, Independent Franchise Partners’ separately managed accounts held 96% exchange-traded equities and 4% cash and equivalents. It advises 2 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Independent Franchise Partners?","answer":"Independent Franchise Partners’ direct owners are Jayson Vowles, Samannajosh Limited, Karim Ladha, Sandeep Ghela and Richard Crosthwaite, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 2 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Independent Franchise Partners get paid?","answer":"Independent Franchise Partners 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/independent-franchise-partners-150108/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-13","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1483866/000117266126003379/0001172661-26-003379-index.html","totalValue":15242398239,"positionCount":26,"top10Share":0.6371221928943068,"top10":[{"issuer":"BRISTOL-MYERS SQUIBB CO","titleOfClass":"COM","cusip":"110122108","value":1255703498,"shares":21792841,"shareType":"SH","priorValue":1290357498,"priorShares":21275474},{"issuer":"SOLVENTUM CORP","titleOfClass":"COM SHS","cusip":"83444M101","value":1247518431,"shares":16170038,"shareType":"SH","priorValue":1027397223,"priorShares":15733495},{"issuer":"LIVE NATION ENTERTAINMENT 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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."}