{"url":"https://nivawealth.com/firms/veritas-asset-management-174314","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/174314","regulatoryAum":19132764880,"crd":"174314","secFileNumber":"801-89169","legalName":"Veritas Asset Management LLP","displayName":"Veritas Asset Management","website":null,"founded":null,"organization":"limited liability partnership organized in United Kingdom","fiscalYearEnd":"December","headquarters":{"street":"1 Smart'S Place, Smart'S Place","city":"London","state":"","stateName":"","country":"United Kingdom","postalCode":"WC2B 5LW"},"tradeNames":["Veritas Asset Management LLP"],"registration":{"secApproved":"17 April 2015","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":42,"advisory":16,"brokerDealerReps":0,"insuranceAgents":0,"promoters":16},"aum":{"discretionary":19132764880,"discretionaryAccounts":40,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":97,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":4,"regulatoryAum":274584551},{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":5250229807},{"label":"Pension and profit-sharing plans","clients":23,"regulatoryAum":10899499481},{"label":"Charitable organizations","clients":3,"regulatoryAum":529272310},{"label":"State or municipal government entities","clients":2,"regulatoryAum":1877143720},{"label":"Insurance companies","clients":1,"regulatoryAum":302035011}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Veritas Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Nicola Lakin","title":"Chief Operating Officer & Partner","crd":"7464921"},{"name":"Antony Burgess","title":"Managing Partner","crd":"7087845"},{"name":"Andrew Headley","title":"Partner","crd":"5033391"},{"name":"Xuejun Sun","title":"Partner","crd":"5462927"}],"ownership":[{"label":"Andrew Headley","detail":"Partner in the 5% to 10% ownership band and a control person, since October 2014."},{"label":"Xuejun Sun","detail":"Partner in the 5% to 10% ownership band and a control person, since October 2014."},{"label":"Vam Bidco Limited","detail":"Corporate partner in the 50% to 75% ownership band and a control person, since October 2014."},{"label":"Affiliated Managers Group Inc","detail":"Indirect owner: a ultimate parent company of Amg New York Holdings Corporation in the 75% or more band, since October 2014.","parent":"Amg New York Holdings Corporation"},{"label":"Amg Uk Holdings LTD","detail":"Indirect owner: a holding company of Vam Bidco Limited in the 75% or more band, since October 2014.","parent":"Vam Bidco Limited"},{"label":"Amg New York Holdings Corporation","detail":"Indirect owner: a holding company of Amg Uk Holdings LTD in the 75% or more band, since October 2014.","parent":"Amg Uk Holdings LTD"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"442037589900","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"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":97},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/174314/PDF/174314.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Veritas Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Veritas Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Veritas Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Veritas Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Veritas Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Veritas Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/veritas-asset-management-174314/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-04","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1541448/000117266126003051/0001172661-26-003051-index.html","totalValue":5559377741,"positionCount":21,"top10Share":0.7726133752924993,"top10":[{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":543449521,"shares":2280144,"shareType":"SH","priorValue":545526609,"priorShares":2619324},{"issuer":"MASTERCARD INCORPORATED","titleOfClass":"CL A","cusip":"57636Q104","value":511209192,"shares":995345,"shareType":"SH","priorValue":531295473,"priorShares":1063314},{"issuer":"CANADIAN PACIFIC KANSAS 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dates in `sources`. 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."}