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

Valeria Martinez
clock • 2 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, ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?