Clients
Veritas Asset Management serves 40 clients, 23 of them pension and profit-sharing plans. The average client has about $478 million with the firm.
- Pooled investment vehicles7 clients27%
- Pension and profit-sharing plans23 clients57%
- Charitable organizations3 clients3%
- State or municipal government entities2 clients10%
- OtherInvestment companies, Insurance companies3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 4 | $274,584,551 | 1.4% | $68.6M |
| Pooled investment vehicles | 7 | $5,250,229,807 | 27.4% | $750.0M |
| Pension and profit-sharing plans | 23 | $10,899,499,481 | 57.0% | $473.9M |
| Charitable organizations | 3 | $529,272,310 | 2.8% | $176.4M |
| State or municipal government entities | 2 | $1,877,143,720 | 9.8% | $938.6M |
| Insurance companies | 1 | $302,035,011 | 1.6% | $302.0M |
| Total | 40 | $19,132,764,880 | 100% | $478.3M |
- Clients
- 4
- Regulatory AUM
- $274,584,551
- Share
- 1.4%
- Avg. per client
- $68.6M
- Clients
- 7
- Regulatory AUM
- $5,250,229,807
- Share
- 27.4%
- Avg. per client
- $750.0M
- Clients
- 23
- Regulatory AUM
- $10,899,499,481
- Share
- 57.0%
- Avg. per client
- $473.9M
- Clients
- 3
- Regulatory AUM
- $529,272,310
- Share
- 2.8%
- Avg. per client
- $176.4M
- Clients
- 2
- Regulatory AUM
- $1,877,143,720
- Share
- 9.8%
- Avg. per client
- $938.6M
- Clients
- 1
- Regulatory AUM
- $302,035,011
- Share
- 1.6%
- Avg. per client
- $302.0M
Total
- Clients
- 40
- Regulatory AUM
- $19,132,764,880
- Share
- 100%
- Avg. per client
- $478.3M
What it does
Veritas Asset Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Veritas Asset Management advises no private funds.
100.0% of assets ($19.13B across 40 accounts) are managed with discretion. 97% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks97%
- Cash3%
Custodians
Veritas Asset Management does not have custody of client assets.
- All other custodians$19.13B100%
Ownership and leadership
Vam Bidco Limited owns 50% to 75% of Veritas Asset Management.
- Owns 50% to 75% of Veritas Asset Management LLP
Vam Bidco Limited
Control person · since October 2014
- Owns 75% or more of Vam Bidco Limited
Amg Uk Holdings LTD
since October 2014
- Owns 75% or more of Amg Uk Holdings LTD
Amg New York Holdings Corporation
since October 2014
- Owns 75% or more of Amg New York Holdings Corporation
Affiliated Managers Group Inc
since October 2014
- Owns 5% to 10% of Veritas Asset Management LLP
Andrew Headley
Control person · since October 2014
- Owns 5% to 10% of Veritas Asset Management LLP
Xuejun Sun
Control person · since October 2014
Leadership
- Nicola LakinChief Operating Officer & Partner
- Antony BurgessManaging Partner
- Andrew HeadleyPartner
- Xuejun SunPartner
Staff
- 42 employees
- 16 in advisory functions
- 16 soliciting firms
Reported holdings
Veritas Asset Management’s reported 13F holdings total $5.56B across 21 positions, and the ten largest make up 77.3% of it.
- $5.56B
- Reported 13F value
- 21
- Positions
- 77.3%
- In the 10 largest
- −5.8%
- Value vs. prior quarter
- Amazon Com Inc.9.8%
- Mastercard Incorporated · CL A9.2%
- Canadian Pacific Kansas City8.9%
- Aon PLC · Shs CL A8.4%
- Unitedhealth Group Inc.8.1%
- Thermo Fisher Scientific Inc.8.0%
- Microsoft Corp.7.6%
- S&P Global Inc.6.1%
- Waters Corp.5.7%
- Vulcan Matls CO5.5%
Together, the ten largest are 77.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $5.56B is not its $19.13B in regulatory assets and does not represent any individual client's portfolio.
Fees
Veritas Asset Management is paid through a percentage of assets under management and performance-based fees.
Veritas 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, Veritas Asset Management has 0 offices, with 1 listed address with no US state reported.
Other business names
Veritas Asset Management has reported 1 other business name to the SEC.
- Veritas Asset Management LLP
Registration details
- Legal name
- Veritas Asset Management LLP
- Headquarters
- 1 Smart'S Place, Smart'S Place, London, United Kingdom WC2B 5LW
- Phone
- 442037589900
- Website
- Not reported
- SEC file
- 801-89169
- Structure
- limited liability partnership organized in United Kingdom
- Fiscal year end
- December
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 Veritas Asset Management have?
Veritas Asset Management has 40 clients and manages $19.1 billion for them, as of March 2026. They include 23 pension and profit-sharing plans, 7 pooled investment vehicles and 4 investment companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Veritas Asset Management offer?
Veritas Asset Management 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
How many financial advisors does Veritas Asset Management have?
Veritas Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 42 employees, and 16 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 Veritas Asset Management invest in?
At the end of its last fiscal year, Veritas Asset Management’s separately managed accounts held 97% exchange-traded equities and 3% 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 Veritas Asset Management?
Veritas Asset Management is owned through a chain of holding companies by Affiliated Managers Group Inc. Its direct owners are Andrew Headley (5% to 10%), Xuejun Sun (5% to 10%) and Vam Bidco Limited (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Veritas Asset Management get paid?
Veritas 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