Clients
Troy Asset Management serves 26 clients, 19 of them pooled investment vehicles. The average client has about $565 million with the firm.
- Pooled investment vehicles19 clients94%
- Other4 clients4%
- Charitable organizations3 clients2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 19 | $13,881,636,685 | 94.5% | $730.6M |
| Charitable organizations | 3 | $231,624,368 | 1.6% | $77.2M |
| Other | 4 | $583,831,045 | 4.0% | $146.0M |
| Total | 26 | $14,697,092,098 | 100% | $565.3M |
- Clients
- 19
- Regulatory AUM
- $13,881,636,685
- Share
- 94.5%
- Avg. per client
- $730.6M
- Clients
- 3
- Regulatory AUM
- $231,624,368
- Share
- 1.6%
- Avg. per client
- $77.2M
- Clients
- 4
- Regulatory AUM
- $583,831,045
- Share
- 4.0%
- Avg. per client
- $146.0M
Total
- Clients
- 26
- Regulatory AUM
- $14,697,092,098
- Share
- 100%
- Avg. per client
- $565.3M
What it does
Troy Asset Management provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.
Troy Asset Management advises no private funds.
100.0% of assets ($14.70B across 26 accounts) are managed with discretion. 96% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 59%
- U.S. government/agency bonds
- 13%
- Sovereign bonds
- 16%
- Securities issued by registered investment companies or business development companies
- 4%
- Securities issued by pooled investment vehicles (other than registered investment companies)
- 5%
- Cash and cash equivalents
- 1%
- Other (Gold Bullion)
- 3%
Custodians
Troy Asset Management’s client accounts are held mainly at The Northern Trust, with 3% of managed assets, and State Street Bank and Trust, with 1%. Troy Asset Management does not have custody of client assets.
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $195.9M1%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $396.4M3%
- Bank Julius Baer & Co LimitedBank Julius Baer & Co Limited · Zurich · $128.7M1%
- PershingPershing Securities Limited · Liverpool · $110.6M1%
- All other custodians$13.87B94%
Ownership and leadership
Ocorian Limited owns 50% to 75% of Troy Asset Management, and Nicholas Hughes is its CEO.
- Owns 50% to 75% of Troy Asset Management LTD
Ocorian Limited
since December 2023
- Owns 25% to 50% of Troy Asset Management LTD
LPC Oak, LLC
Control person · since March 2024
- Owns 75% or more of LPC Oak, LLC
Lincoln Peak Capital, LLC
Control person · since December 2023
- Owns 10% to 25% of Troy Asset Management LTD
Sebastian Lyon
Control person · since September 2003
- Owns 10% to 25% of Troy Asset Management LTD
Francis Brooke
Control person · since December 2004
Leadership
- Nicholas HughesChief Operating Officer and Chief Executive Officer
- Sebastian LyonFounder, Chief Executive Officer and Shareholder - Ordinary Shares
- Rajesh SoniChief Compliance Officer and Head of Compliance
- Rachel BeaglesNon-Executive Director
- Gabrielle BoyleExecutive Director
- Seth BrennanNon-Executive Director
- Francis BrookeNon-Executive Director, Chairman and Shareholder - Ordinary Shares
- Jonathan Chenevix-TrenchNon-Executive Director
- George HankeyGeneral Counsel
- Frederick Von WestenholzExecutive Director
Staff
- 45 employees
- 11 in advisory functions
Fees
Troy Asset Management is paid through a percentage of assets under management and performance-based fees.
Troy Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Troy Asset Management has 0 offices, with 1 listed address with no US state reported.
Registration details
- Legal name
- Troy Asset Management LTD
- Headquarters
- 33 Davies Street, London, United Kingdom W1K 4BP
- Phone
- 4402074994030
- Website
- Not reported
- SEC file
- 801-125739
- Structure
- corporation organized in United Kingdom
- Fiscal year end
- April
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Troy Asset Management have?
Troy Asset Management has 26 clients and manages $14.7 billion for them, as of July 2026. They include 19 pooled investment vehicles, 4 other clients and 3 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026
What services does Troy Asset Management offer?
Troy Asset Management provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Troy Asset Management use?
Troy Asset Management’s separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $396,399,435, State Street Bank and Trust Company (Boston, MA), with $195,853,446, Bank Julius Baer & Co Limited (Zurich), with $128,727,747 and Pershing Securities Limited (Liverpool), with $110,561,825. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 July 2026
How many financial advisors does Troy Asset Management have?
Troy Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 45 employees, and 11 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
What does Troy Asset Management invest in?
At the end of its last fiscal year, Troy Asset Management’s separately managed accounts held 59% exchange-traded equities, 16% sovereign bonds, 13% U.S. government and agency bonds, 5% pooled vehicles (private funds and similar), 4% registered funds (mutual funds, ETFs, BDCs), 3% gold bullion and 1% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Troy Asset Management?
Troy Asset Management is owned through a holding company by Lincoln Peak Capital, LLC. Its direct owners are Sebastian Lyon (10% to 25%), Francis Brooke (10% to 25%), Ocorian Limited (50% to 75%) and LPC Oak, LLC (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 July 2026
How does Troy Asset Management get paid?
Troy Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file