Stonehage Fleming Investment Management Limited
SEC-registered
Wealth Manager · Large ($10B–$100B)
CRD 313913
· SEC file 801-122831
· London, Greater London
· www.stonehagefleming.com
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ADV data as of Jun 29, 2026
- Regulatory AUM
- $23.8B
- Discretionary
- $17.2B
- Clients
- 725
- Avg AUM / client
- $32.9M
- Accounts
- 725
- Employees
- 110
AUM over time
$14.4B
$23.8B
Nov 2021
Mar 2026
Annual snapshots from Form ADV filings · as of Jun 29, 2026
Asset allocation (SMA assets by investment type)
as of Jun 29, 2026
Pooled investment vehicles
$14.5B
61%
Exchange-traded equities
$2.6B
11%
Other
$2.6B
11%
Sovereign bonds
$2.1B
9%
Cash & equivalents
$1.2B
5%
US government & agency bonds
$477M
2%
Investment-grade corporate bonds
$238M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 243 | $77.1M | 0.32% |
| High net worth individuals | 291 | $12.5B | 52.5% |
| Investment companies | 97 | $6.7B | 28.1% |
| Charitable organizations | 13 | $2.1B | 8.95% |
| Corporations and other businesses | 20 | $649M | 2.72% |
| Other | 61 | $1.8B | 7.41% |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Wainer, Graham, Derek | Investment Management Chief Executive Officer | Apr 2016 (10y) | Less than 5% | |
| Berman, Michael, Nmn | Head Of Client Management | Jul 2019 (7y) | Less than 5% | |
| Gardner, Adrian, David Edmund | Chief Operations Officer | Oct 2019 (7y) | Less than 5% | |
| Mundell, Katie, Angela | Chief Compliance Officer | Nov 2020 (6y) | Less than 5% | |
| Smit, Gerrit, Erasmus | Head Of Global Equity Management | Nov 2023 (3y) | Less than 5% | |
| Sheppard, Eva, Marie | Senior Relationship Manager | Nov 2023 (3y) | Less than 5% | |
| Veale, John, Desmond | Deputy Head Of Investments | Nov 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Stonehage Fleming (Uk) Limited | Sole Shareholder | Jul 2000 | A | 75% or more |
| Stonehage Fleming Financial Services Holdings Limited | Sole Shareholder | Jun 2015 | B | ≈ 56.25% – 100% via Stonehage Fleming (Uk) Limited |
| Stonehage Fleming Family & Partners Limited | Sole Shareholder | Jan 2015 | B | ≈ 42.19% – 100% via Stonehage Fleming Financial Services Holdings Limited |
| Libertas International Trust | Sole Shareholder | Jun 2019 | B | ≈ 1.98% – 25% via Libertas Investment Group Limited |
| Sturdon Holdings Luxembourg S.A.R.L | Sole Shareholder | Jan 2013 | B | 75% or more of Stonehage Fleming S.A.R.L (indirect) |
| Stonehage Fleming Sa | Sole Shareholder | Apr 2007 | B | 75% or more of Primafides (Suisse) S. A. (indirect) |
| Stonehage Fleming S.A.R.L | Sole Shareholder | Mar 2009 | B | 75% or more of Stonehage Fleming Sa (indirect) |
| Caledonia Investments Plc | Shareholder | Jul 2019 | B | ≈ 10.55% – 50% via Stonehage Fleming Family & Partners Limited |
| Spes Bona Limited | Shareholder | Nov 2018 | B | ≈ 10.55% – 50% via Stonehage Fleming Family & Partners Limited |
| Libertas Investment Group Limited | Shareholder | Jul 2019 | B | ≈ 2.64% – 25% via Spes Bona Limited |
| Primafides (Suisse) S. A. | Trustee | Dec 2011 | B | GP / trustee / elected manager of Libertas International Trust (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Stonehage Fleming Financial Services Holdings Limited: 75% – 100% of Stonehage Fleming (Uk) Limited × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Stonehage Fleming Family & Partners Limited: 75% – 100% of Stonehage Fleming Financial Services Holdings Limited × 75% – 100% of Stonehage Fleming (Uk) Limited × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Libertas International Trust: 75% – 100% of Libertas Investment Group Limited × 25% – 50% of Spes Bona Limited × 25% – 50% of Stonehage Fleming Family & Partners Limited × 75% – 100% of Stonehage Fleming Financial Services Holdings Limited × 75% – 100% of Stonehage Fleming (Uk) Limited × 75% – 100% direct ≈ 1.98% – 25% of the firm
- Caledonia Investments Plc: 25% – 50% of Stonehage Fleming Family & Partners Limited × 75% – 100% of Stonehage Fleming Financial Services Holdings Limited × 75% – 100% of Stonehage Fleming (Uk) Limited × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Spes Bona Limited: 25% – 50% of Stonehage Fleming Family & Partners Limited × 75% – 100% of Stonehage Fleming Financial Services Holdings Limited × 75% – 100% of Stonehage Fleming (Uk) Limited × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Libertas Investment Group Limited: 25% – 50% of Spes Bona Limited × 25% – 50% of Stonehage Fleming Family & Partners Limited × 75% – 100% of Stonehage Fleming Financial Services Holdings Limited × 75% – 100% of Stonehage Fleming (Uk) Limited × 75% – 100% direct ≈ 2.64% – 25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/29/2026 | 2 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Multrees Investor Services Ltd $8.1B (34% of AUM) Jun 2026
- Stonehage Fleming Dealing And Treasury Services (Jersey) Limited $5.3B (22% of AUM) Jun 2026
- UBS $2.6B (11% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 29, 2026.
View current Form ADV (SEC/IAPD) ↗