# Fundsmith Investment Services Limited

> Fundsmith Investment Services Limited is an SEC-registered investment advisory firm in Beaux Songes, Mauritius, registered since 2023, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

- CRD: 310498
- Filed as: FUNDSMITH INVESTMENT SERVICES LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Beaux Songes, Mauritius
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/310498
- AdvisorCensus page: https://advisorcensus.com/firm/fundsmith-investment-services-limited-beaux-songes-310498

## Quick answers

**How is Fundsmith Investment Services Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Fundsmith Investment Services Limited reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Fundsmith Investment Services Limited located?**
Fundsmith Investment Services Limited's principal office is in Beaux Songes, Mauritius, according to its Form ADV.

**Is Fundsmith Investment Services Limited registered with the SEC or a state?**
Fundsmith Investment Services Limited is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 310498.

**How much does Fundsmith Investment Services Limited manage?**
Fundsmith Investment Services Limited reports $24,575,319,221 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (97% discretionary).

**How have Fundsmith Investment Services Limited's assets and staff changed since 2021?**
In the Form ADV data for Fundsmith Investment Services Limited: Regulatory assets under management: $48,627,546,941 in the October 2024 data and $24,575,319,221 in the October 2026 data, down 49%. Total employees: 12 in October 2024 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fundsmith Investment Services Limited serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11); investment companies (2).

**Does Fundsmith Investment Services Limited 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/310498

**What changed in Fundsmith Investment Services Limited's recent Form ADV filings?**
In the July 2026 filing data: Regulatory assets under management went from $40,033,432,932 to $24,575,319,221 (-39%).

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $24,575,319,221
- Discretionary: $23,812,073,200
- Non-discretionary: $763,246,021

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 2 | $86,629,526 |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $24,488,689,695 |

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

### Firm details
- Registered since: 2023 (2 years)
- Employees: 12 total, 2 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 26, 2021 |
| October 2024 | $48,627,546,941 | 12 | June 27, 2024 |
| October 2025 | $40,033,432,932 | 12 | June 27, 2025 |
| October 2026 | $24,575,319,221 | 12 | June 29, 2026 |

Regulatory assets under management: $48,627,546,941 in the October 2024 data and $24,575,319,221 in the October 2026 data, down 49%.
Total employees: 12 in October 2024 and 12 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $40,033,432,932 to $24,575,319,221 (-39%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fundsmith Investment Services Limited (CRD 310498): Form ADV filing data as of October 2026.