AdvisorCensus / Financial advisors / Ruffer LLP
Ruffer LLP is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 19, 2026.
Quick answers
From the filingHow is Ruffer LLP compensated?
On its Form ADV (Item 5.E, October 2026), Ruffer LLP 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 Ruffer LLP located?
Ruffer LLP's principal office is in London, United Kingdom, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Ruffer LLP registered with the SEC or a state?
Ruffer LLP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 309733.
How much does Ruffer LLP manage?
Ruffer LLP reports $24,868,231,931 in regulatory assets under management in its Form ADV filing dated August 19, 2026 (100% discretionary).
How have Ruffer LLP's assets and staff changed since 2021?
In the Form ADV data for Ruffer LLP: Regulatory assets under management: $23,101,916,376 in the October 2021 data and $24,868,231,931 in the October 2026 data, up 8%. Total employees: 350 in October 2021 and 282 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Ruffer LLP serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (4,669); charitable organizations (199); corporations or other businesses not listed above (196).
Which custodians does Ruffer LLP use?
Ruffer LLP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon and Caceis Bank, UK Branch as custodians holding 10% or more of its separately managed account assets.
Does Ruffer LLP 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/309733
What changed in Ruffer LLP's recent Form ADV filings?
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated June 26, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$24,868,231,931 as of October 2026, filing dated August 19, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
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
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2021 (5 years)
- Employees
- Total: 282. Performing investment advisory functions: 35.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the September 2026 filing
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $24,868,231,931 | 282 | August 19, 2026 |
| October 2025 | $24,201,709,009 | 312 | June 27, 2025 |
| October 2024 | $27,091,528,633 | 332 | July 19, 2024 |
| October 2023 | $31,344,724,211 | 352 | June 28, 2023 |
| October 2022 | $31,592,072,008 | 353 | June 24, 2022 |
| October 2021 | $23,101,916,376 | 350 | August 13, 2021 |
Regulatory assets under management: $23,101,916,376 in the October 2021 data and $24,868,231,931 in the October 2026 data, up 8%.
Total employees: 350 in October 2021 and 282 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Updated its list of owners and control persons (Schedule A).
- August 2026
- Updated its list of owners and control persons (Schedule A).
- July 2026
- Employees performing advisory functions went from 42 to 35.
- April 2026
- Updated its list of owners and control persons (Schedule A).
- February 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Ruffer LLP (CRD 309733): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/ruffer-llp-london-309733