Terry Smith's payout slips to £31m as Fundsmith assets and profits slide

Profits down 14%

Valeria Martinez
clock • 1 min read

Terry Smith’s pay slipped from last year’s record payout, as Fundsmith LLP reported a slide in profits and assets under management.

The fund manager of the UK's largest retail equity fund pocketed £31.2m in the twelve months to March, down from a record £36.4m last year, according to accounts filed in Companies House. Q&A: Terry Smith on activism, ESG and what has changed since 2010 Over the reported period, AUM at the firm fell by 7.8% to £36.4bn, down from £39.5bn during the same period last year, as a result of performance and net redemptions, while profits slumped 14% to £50m, down from £58.2m in 2022.  Turnover at Fundsmith LLP fell more than a fifth to £278.6m during the year in review, down from £358.1m....

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Citi becomes minority investor in HANetf

Citi becomes minority investor in HANetf

Growing interest in European ETFs

Patrick Brusnahan
clock 03 July 2025 • 2 min read
AstraZeneca CEO mulls moving listing to the US – reports

AstraZeneca CEO mulls moving listing to the US – reports

Latest blow to LSE

Linus Uhlig
clock 02 July 2025 • 1 min read
Evelyn Partners sells fund solutions business to focus on wealth management

Evelyn Partners sells fund solutions business to focus on wealth management

75 staff to move over to Thesis

Patrick Brusnahan
clock 01 July 2025 • 1 min read
Trustpilot