# Fundsmith Investment Services Limited

Fundsmith Investment Services Limited is an Asset Manager based in Beaux Songes, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Beaux Songes, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2010
- **Assets under management:** $37.1B (per Fundsmith Funds Annual Report, 2024)
- **Website:** fundsmith.co.uk

## Regulatory record

- **CRD number:** 310498
- **SEC file number:** 801-123042
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/310498

## About

FUNDSMITH INVESTMENT SERVICES LIMITED is an SEC-registered investment adviser in BEAUX SONGES, registered since 2023. The firm manages $40.0 billion in assets, $37.4 billion on a discretionary basis. It has 12 employees and 2 investment advisers.

## Sectors

- Consumer Staples
- Healthcare
- Technology
- Consumer Discretionary

## People

- Terry Smith — CEO
- Terry Smith — Chief Investment Officer
- Will Morgan — Deputy CIO
- Julian Robson — Fund Manager
- Spencer Woodley — Fund Manager
- Fiona Palmer — COO

## Questions

### Who runs investment decisions at Fundsmith?

Terry Smith serves as CEO and Chief Investment Officer. He makes all major portfolio decisions, with a small team of fund managers including Will Morgan and Julian Robson handling research and execution.

### How does Fundsmith source its investment ideas?

Fundsmith relies on fundamental bottom-up research conducted by its small London-based team. The firm screens for companies with high returns on capital, strong competitive moats, and predictable earnings. It does not engage in activist investing or use external advisors.

### Does Fundsmith participate in fund commitments or only direct equity investments?

Fundsmith invests directly in listed equities. It does not commit to external funds, private equity, hedge funds, or other pooled vehicles. All deployment is through its public fund portfolio.

### What investment stages does Fundsmith typically target?

Fundsmith invests exclusively in large-cap, publicly listed equities. It avoids early-stage, growth-stage, and private companies. The firm's typical holdings are mature, globally diversified businesses with established brands.

### Which sectors does Fundsmith explicitly avoid?

Fundsmith systematically avoids financials, energy and commodity firms, cyclical industrial companies, and most technology hardware. It also steers clear of banks, insurance, and highly regulated utilities.

## Related profiles

- [Range Technology Ventures](https://altss.com/profile/range-technology-ventures-llc)
- [Weston Capital Insights](https://altss.com/profile/weston-capital-insights)

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Last updated: 2026-06-03T20:00:00.000Z

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