{
  "crd_number": 174314,
  "slug": "veritas-asset-management-llp-london-174314",
  "primary_business_name": "VERITAS ASSET MANAGEMENT LLP",
  "legal_name": "VERITAS ASSET MANAGEMENT LLP",
  "dbas": [
    "VERITAS ASSET MANAGEMENT LLP"
  ],
  "city": "London",
  "state": null,
  "country": "United Kingdom",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-04-17",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-03-26",
  "carried_forward": false,
  "raum_total": 19132764880.0,
  "raum_discretionary": 19132764880.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 42,
  "advisory_employees": 16,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 529272310.0,
      "count": 3,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 1877143720.0,
      "count": 2,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 302035011.0,
      "count": 1,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 274584551.0,
      "count": 4
    },
    "pension_profit_sharing": {
      "raum": 10899499481.0,
      "count": 23
    },
    "pooled_investment_vehicles": {
      "raum": 5250229807.0,
      "count": 7
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://vamllp.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/174314",
  "city_as_filed": "LONDON",
  "url": "https://advisorcensus.com/firm/veritas-asset-management-llp-london-174314",
  "display_name": "Veritas Asset Management LLP",
  "summary": "Veritas Asset Management LLP is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2015, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.",
  "citation": "AdvisorCensus. Veritas Asset Management LLP (CRD 174314): 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 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"
  ],
  "quick_answers": [
    {
      "q": "How is Veritas Asset Management LLP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Veritas Asset Management LLP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Veritas Asset Management LLP located?",
      "a": "Veritas Asset Management LLP's principal office is in London, United Kingdom, according to its Form ADV."
    },
    {
      "q": "Is Veritas Asset Management LLP registered with the SEC or a state?",
      "a": "Veritas Asset Management LLP is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174314."
    },
    {
      "q": "How much does Veritas Asset Management LLP manage?",
      "a": "Veritas Asset Management LLP reports $19,132,764,880 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary)."
    },
    {
      "q": "How have Veritas Asset Management LLP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Veritas Asset Management LLP: Regulatory assets under management: $33,075,158,985 in the October 2021 data and $19,132,764,880 in the October 2026 data, down 42%. Total employees: 44 in October 2021 and 42 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Veritas Asset Management LLP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (23); pooled investment vehicles (other than investment companies and business development companies) (7); investment companies (4)."
    },
    {
      "q": "Does Veritas Asset Management LLP 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/174314"
    },
    {
      "q": "Does Veritas Asset Management LLP state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 26, 2026 says: \"The Firm does not generally set account minimums for separately contractually managed arrangements; however an amount of $20 million is deemed appropriate to ensure ongoing viability.\""
    },
    {
      "q": "What changed in Veritas Asset Management LLP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 17 to 16. Regulatory assets under management went from $22,146,097,364 to $19,132,764,880 (-14%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 33075158985.0,
      "total_employees": 44,
      "filing_date": "2021-07-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 34537724321.0,
      "total_employees": 43,
      "filing_date": "2022-03-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 23490000459.0,
      "total_employees": 47,
      "filing_date": "2023-03-10"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 24492291417.0,
      "total_employees": 45,
      "filing_date": "2024-03-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 22146097364.0,
      "total_employees": 45,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 19132764880.0,
      "total_employees": 42,
      "filing_date": "2026-03-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 17 to 16.",
        "Regulatory assets under management went from $22,146,097,364 to $19,132,764,880 (-14%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 26, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$20,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $20,000,000"
        ],
        "quotes": [
          "The Firm does not generally set account minimums for separately contractually managed arrangements; however an amount of $20 million is deemed appropriate to ensure ongoing viability."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 20000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The Firm does not generally set account minimums for separately contractually managed arrangements; however an amount of $20 million is deemed appropriate to ensure ongoing viability."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/veritas-asset-management-llp-london-174314.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 4,
      "fewer_than_5": false,
      "raum": 274584551.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 5250229807.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 23,
      "fewer_than_5": false,
      "raum": 10899499481.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": true,
      "raum": 529272310.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 2,
      "fewer_than_5": true,
      "raum": 1877143720.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 1,
      "fewer_than_5": true,
      "raum": 302035011.0
    }
  ],
  "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/174314",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}