# First Sentier Investors

> First Sentier Investors is an SEC-registered investment advisory firm in Barangaroo, Nsw, Australia, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 23, 2026.

- CRD: 160034
- Filed as: FIRST SENTIER INVESTORS
- Legal name: First Sentier Investors (Australia) IM Ltd
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Barangaroo, Nsw, Australia
- Filing period: October 2026
- Form ADV filing dated: April 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160034
- AdvisorCensus page: https://advisorcensus.com/firm/first-sentier-investors-barangaroo-nsw-160034

## Quick answers

**How is First Sentier Investors compensated?**
On its Form ADV (Item 5.E, October 2026), First Sentier Investors reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is First Sentier Investors located?**
First Sentier Investors' principal office is in Barangaroo, Nsw, Australia, according to its Form ADV; the May 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is First Sentier Investors registered with the SEC or a state?**
First Sentier Investors is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160034.

**How much does First Sentier Investors manage?**
First Sentier Investors reports $52,930,584,077 in regulatory assets under management in its Form ADV filing dated April 23, 2026 (100% discretionary).

**How have First Sentier Investors' assets and staff changed since 2021?**
In the Form ADV data for First Sentier Investors: Regulatory assets under management: $100,560,348,374 in the October 2021 data and $52,930,584,077 in the October 2026 data, down 47%. Total employees: 315 in October 2021 and 313 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does First Sentier Investors serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (43); sovereign wealth funds and foreign official institutions (21); pension and profit sharing plans (but not the plan participants or government pension plans) (14).

**Which custodians does First Sentier Investors use?**
First Sentier Investors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust as a custodian holding 10% or more of its separately managed account assets.

**Does First Sentier Investors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160034

**What changed in First Sentier Investors' recent Form ADV filings?**
In the May 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Northern Trust

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $52,930,584,077
- Discretionary: $52,930,584,077
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | 3 | $1,076,333,869 |
| Investment companies | 5 | $966,673,732 |
| Pooled investment vehicles (other than investment companies and business development companies) | 43 | $21,139,641,419 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 14 | $6,673,221,945 |
| State or municipal government entities (including government pension plans) | 5 | $1,501,905,872 |
| Other investment advisers | 1 | $43,920,143 |
| Insurance companies | 2 | $543,875,109 |
| Sovereign wealth funds and foreign official institutions | 21 | $20,122,808,070 |
| Corporations or other businesses not listed above | 4 | $862,203,918 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 313 total, 51 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- firstsentiergroup.com
- firstsentierinvestors.com.au
- LinkedIn @first-sentier-group
- LinkedIn @first-sentier-investors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $100,560,348,374 | 315 | May 5, 2021 |
| October 2022 | $103,574,777,690 | 358 | March 29, 2022 |
| October 2023 | $78,866,167,374 | 360 | August 24, 2023 |
| October 2024 | $89,558,847,091 | 390 | August 29, 2024 |
| October 2025 | $66,482,083,252 | 328 | July 7, 2025 |
| October 2026 | $52,930,584,077 | 313 | April 23, 2026 |

Regulatory assets under management: $100,560,348,374 in the October 2021 data and $52,930,584,077 in the October 2026 data, down 47%.
Total employees: 315 in October 2021 and 313 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- No longer lists the business name Stewart Investors.
- Employees performing advisory functions went from 55 to 51.
- Regulatory assets under management went from $66,482,083,252 to $52,930,584,077 (-20%).
- No longer lists an office in Walsh Bay Nsw.

### February 2026
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Changed its office addresses in New York, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Sentier Investors (CRD 160034): Form ADV filing data as of October 2026.