# Veritas Asset Management LLP

> 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.

- CRD: 174314
- Filed as: VERITAS ASSET MANAGEMENT LLP
- Also doing business as: VERITAS ASSET MANAGEMENT LLP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/174314
- AdvisorCensus page: https://advisorcensus.com/firm/veritas-asset-management-llp-london-174314

## Quick answers

**How is Veritas Asset Management LLP compensated?**
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.

**Where is Veritas Asset Management LLP located?**
Veritas Asset Management LLP's principal office is in London, United Kingdom, according to its Form ADV.

**Is Veritas Asset Management LLP registered with the SEC or a state?**
Veritas Asset Management LLP is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 174314.

**How much does Veritas Asset Management LLP manage?**
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).

**How have Veritas Asset Management LLP's assets and staff changed since 2021?**
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.

**What types of clients does Veritas Asset Management LLP serve?**
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).

**Does Veritas Asset Management 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/174314

**Does Veritas Asset Management LLP state an account minimum?**
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."

**What changed in Veritas Asset Management LLP's recent Form ADV filings?**
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%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Account minimum: $20,000,000

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $19,132,764,880
- Discretionary: $19,132,764,880
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 4 | $274,584,551 |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $5,250,229,807 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 23 | $10,899,499,481 |
| Charitable organizations | 3 | $529,272,310 |
| State or municipal government entities (including government pension plans) | 2 | $1,877,143,720 |
| Insurance companies | 1 | $302,035,011 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 42 total, 16 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [vamllp.com](https://vamllp.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $33,075,158,985 | 44 | July 27, 2021 |
| October 2022 | $34,537,724,321 | 43 | March 17, 2022 |
| October 2023 | $23,490,000,459 | 47 | March 10, 2023 |
| October 2024 | $24,492,291,417 | 45 | March 22, 2024 |
| October 2025 | $22,146,097,364 | 45 | March 27, 2025 |
| October 2026 | $19,132,764,880 | 42 | March 26, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Veritas Asset Management LLP (CRD 174314): Form ADV filing data as of October 2026.