{
  "crd_number": 319174,
  "slug": "troy-asset-management-ltd-london-319174",
  "primary_business_name": "TROY ASSET MANAGEMENT LTD",
  "legal_name": "TROY ASSET MANAGEMENT LTD",
  "dbas": [],
  "city": "London",
  "state": null,
  "country": "United Kingdom",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-05-26",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-07-30",
  "carried_forward": false,
  "raum_total": 14697092098.0,
  "raum_discretionary": 14697092098.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 45,
  "advisory_employees": 11,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 583831045.0,
      "count": 4,
      "description": "FAMILY INVESTMENT VEHICLES",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 231624368.0,
      "count": 3,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 13881636685.0,
      "count": 19
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://linkedin.com/COMPANY/TROY-ASSET-MANAGEMENT-LIMITED",
    "https://taml.co.uk",
    "https://youtube.com/@TroyAssetManagement"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/319174",
  "city_as_filed": "LONDON",
  "url": "https://advisorcensus.com/firm/troy-asset-management-ltd-london-319174",
  "display_name": "Troy Asset Management Ltd",
  "summary": "Troy Asset Management Ltd is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2022, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.",
  "citation": "AdvisorCensus. Troy Asset Management Ltd (CRD 319174): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Troy Asset Management Ltd compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Troy Asset Management Ltd reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Troy Asset Management Ltd charge?",
      "a": "Its Form ADV Part 2A brochure dated July 30, 2026 states: Asset-based fee: 0.6% to 0.7% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Troy Asset Management Ltd located?",
      "a": "Troy Asset Management Ltd's principal office is in London, United Kingdom, according to its Form ADV."
    },
    {
      "q": "Is Troy Asset Management Ltd registered with the SEC or a state?",
      "a": "Troy Asset Management Ltd is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 319174."
    },
    {
      "q": "How much does Troy Asset Management Ltd manage?",
      "a": "Troy Asset Management Ltd reports $14,697,092,098 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Troy Asset Management Ltd's assets and staff changed since 2022?",
      "a": "In the Form ADV data for Troy Asset Management Ltd: Regulatory assets under management: $19,676,249,121 in the October 2022 data and $14,697,092,098 in the October 2026 data, down 25%. Total employees: 39 in October 2022 and 45 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Troy Asset Management Ltd serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19); other (4); charitable organizations (3)."
    },
    {
      "q": "Which custodians does Troy Asset Management Ltd use?",
      "a": "Troy Asset Management Ltd's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank Julius Baer & Co Limited, Pershing Securities Limited, State Street Bank and Trust Company and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Troy Asset Management Ltd report any disciplinary disclosures?",
      "a": "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/319174"
    },
    {
      "q": "What changed in Troy Asset Management Ltd's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Employees performing advisory functions went from 12 to 11. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 19676249121.0,
      "total_employees": 39,
      "filing_date": "2022-04-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 18200693698.0,
      "total_employees": 45,
      "filing_date": "2023-07-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 15392923915.0,
      "total_employees": 45,
      "filing_date": "2024-07-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 14799512418.0,
      "total_employees": 43,
      "filing_date": "2025-06-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 14697092098.0,
      "total_employees": 45,
      "filing_date": "2026-07-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Employees performing advisory functions went from 12 to 11.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.6% to 0.7% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.6% to 0.7% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "We expect management fees for a U.S. separately managed account to typically range from 0.60%-0.70%."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.6,
        0.7
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "We expect management fees for a U.S. separately managed account to typically range from 0.60%-0.70%."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Bank Julius Baer & Co Limited",
      "name_as_filed": "BANK JULIUS BAER & CO LIMITED",
      "affiliated": false
    },
    {
      "name": "Pershing Securities Limited",
      "name_as_filed": "PERSHING SECURITIES LIMITED",
      "affiliated": false
    },
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/troy-asset-management-ltd-london-319174.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 19,
      "fewer_than_5": false,
      "raum": 13881636685.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 231624368.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 4,
      "fewer_than_5": true,
      "raum": 583831045.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/319174",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}