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Adviser Profile

As of Date 10/07/2024
Adviser Type - Large advisory firm
- Outside the United States
Number of Employees 26
of those in investment advisory functions 6 -14.29%
Registration SEC, Approved, 08/01/2011
AUM* 17,741,879,133 -34.27%
of that, discretionary 17,741,879,133 -34.27%
Private Fund GAV* 921,558,193 -50.47%
Avg Account Size 887,093,957 -14.55%
SMA’s Yes
Private Funds 1
Contact Info 442 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Pension and profit sharing plans

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
34B 29B 24B 19B 15B 10B 5B
2015 2016 2017 2018 2019 2020 2021 2022

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count1 GAV$921,558,193

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Brochure Summary

Overview

Lindsell Train Limited (“LT”) was established in 2000 by Michael Lindsell and Nick Train. The business was founded on the shared investment philosophy that developed while the founders worked together during the early 1990s and which underlies our business today. LT is and has been authorized and regulated by the United Kingdom Financial Conduct Authority (“FCA”) since December 2000 to carry out investment business. Each of the founders, together with their respective spouses, owns 35.9% of LT. Another 23.9% is owned by the Lindsell Train Investment Trust plc, (“LTIT” or “the Trust”) a closed ended investment fund listed on the London Stock Exchange and is held for investment purposes only. LT is the appointed investment manager to LTIT although it has no authority to exercise discretion over the Trust’s holding in and exposure to LT shares. The remaining 4.2% is owned by existing and former LT employees. This ownership structure allows the founders to maintain the integrity of the business principles which informs
the culture of our company, namely:
• To run client capital as we would run our own
• To align our interests with those of our clients
• To take a long-term view on investment performance and business development LT specializes in the discretionary management of UK equity, Japanese equity, Global equity and North American equity mandates offered both through segregated accounts, subject to clients’ specific restrictions and guidelines, and pooled funds. Our client base is institutional in nature. We do not offer any wrap fee programs. As of February 29th 2024 our regulatory assets under management were US$19,546,899,721 all managed on a discretionary basis. For separately managed accounts, investment guidelines and restrictions and any other customized requirements (such as investment management fees) are agreed with the client and documented in the investment management agreement prior to the client accepting the service. Lindsell Train – Investment Adviser Brochure Page 5