# GAM London Limited

> GAM London Limited is an SEC-registered investment advisory firm in London, United Kingdom, registered since 1984, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 110670
- Filed as: GAM LONDON LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110670
- AdvisorCensus page: https://advisorcensus.com/firm/gam-london-limited-london-110670

## Quick answers

**How is GAM London Limited compensated?**
On its Form ADV (Item 5.E, October 2026), GAM London Limited 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 GAM London Limited located?**
GAM London Limited's principal office is in London, United Kingdom, according to its Form ADV.

**Is GAM London Limited registered with the SEC or a state?**
GAM London Limited is an SEC-registered investment advisory firm, registered since 1984. Status as filed: Approved. CRD 110670.

**How much does GAM London Limited manage?**
GAM London Limited reports $9,416,125,148 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have GAM London Limited's assets and staff changed since 2021?**
In the Form ADV data for GAM London Limited: Regulatory assets under management: $22,688,567,274 in the October 2021 data and $9,416,125,148 in the October 2026 data, down 58%. Total employees: 89 in October 2021 and 51 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does GAM London Limited serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (205); pooled investment vehicles (other than investment companies and business development companies) (37); corporations or other businesses not listed above (24).

**Which custodians does GAM London Limited use?**
GAM London Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Caceis Investor Services Bank S.A., Multrees Investor Services Limited and Rothschild & Co Bank AG as custodians holding 10% or more of its separately managed account assets.

**Does GAM London Limited report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110670

**What changed in GAM London Limited's recent Form ADV filings?**
In the April 2026 filing data: Changed its legal name from GAM International Management Limited to GAM London Limited. Employees performing advisory functions went from 14 to 11. Regulatory assets under management went from $13,553,386,389 to $9,416,125,148 (-31%). 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))
- Caceis Investor Services Bank S.A.
- Multrees Investor Services Limited
- Rothschild & Co Bank AG

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: $9,416,125,148
- Discretionary: $9,410,508,751
- Non-discretionary: $5,616,397

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 205 | $981,990,938 |
| Pooled investment vehicles (other than investment companies and business development companies) | 37 | $8,272,945,943 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $34,295,376 |
| Charitable organizations | 5 | $22,863,584 |
| Corporations or other businesses not listed above | 24 | $104,029,307 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1984 (41 years)
- Employees: 51 total, 11 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110670

### Websites listed on Form ADV (Item 1.I)
- gam.com
- LinkedIn @gam-investments
- X @gaminsights
- YouTube @GAM_Global

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $22,688,567,274 | 89 | March 31, 2021 |
| October 2022 | $18,033,382,869 | 88 | March 31, 2022 |
| October 2023 | $14,292,907,196 | 66 | August 18, 2023 |
| October 2024 | $20,260,969,267 | 56 | March 28, 2024 |
| October 2025 | $13,553,386,389 | 35 | March 31, 2025 |
| October 2026 | $9,416,125,148 | 51 | March 31, 2026 |

Regulatory assets under management: $22,688,567,274 in the October 2021 data and $9,416,125,148 in the October 2026 data, down 58%.
Total employees: 89 in October 2021 and 51 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Changed its legal name from GAM International Management Limited to GAM London Limited.
- Employees performing advisory functions went from 14 to 11.
- Regulatory assets under management went from $13,553,386,389 to $9,416,125,148 (-31%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. GAM London Limited (CRD 110670): Form ADV filing data as of October 2026.