Independent Franchise Partners Llp
- Regulatory AUM
- $23.8B
- Discretionary
- $23.8B
- Clients
- 30
- Avg AUM / client
- $795M
- Accounts
- 35
- Employees
- 34
AUM over time
Annual snapshots from Form ADV filings · as of Jul 02, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $1.5B | 6.42% |
| Pooled investment vehicles (non-investment companies) | 12 | $16.3B | 68.4% |
| Pension and profit sharing plans | Fewer than 5 clients | $1.3B | 5.37% |
| Charitable organizations | 5 | $1.0B | 4.38% |
| State or municipal government entities | 7 | $2.7B | 11.4% |
| Insurance companies | Fewer than 5 clients | $287M | 1.2% |
| Corporations and other businesses | 5 | $677M | 2.84% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $3.9B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Independent Franchise Partners Global Equity, L.P. | Other Private Fund | Delaware | $3.1B | 125 |
| Independent Franchise Partners Global Equity Ii, L.P. | Other Private Fund | Delaware | $851M | 57 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| American Federation Of Musicians And Employers' Pension Fund And Subsidiary Board Of Trustees Of The American Federation Of Musicians And Employe | 2024 | |
| 3 M Employee Retirement Income Plan 3 M Company | 2024 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Allison, Michael, Dennis Ashton | Partner | Mar 2009 (17y) | Less than 5% | |
| Vowles, Jayson, Ian | Owner | Feb 2011 (16y) | ≈ 3.75% – 10% via Samannajosh Limited | |
| Ladha, Karim, Riaz | Partner | Apr 2017 (9y) | 10% – 25% | |
| Ghela, Sandeep, Parvin | Partner, Chief Compliance Officer & Chief Operating Officer | Dec 2017 (9y) | 10% – 25% | |
| Crosthwaite, Richard, Francis | Partner | Feb 2019 (8y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Samannajosh Limited | Owner/Partner | Feb 2011 | A | 5% – 10% |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Vowles, Jayson, Ian: 75% – 100% of Samannajosh Limited × 5% – 10% direct ≈ 3.75% – 10% 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.
Private funds (2, $3.9B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Independent Franchise Partners Global Equity, L.P. | Other Private Fund | $3.1B | $3.0M | 125 |
| Independent Franchise Partners Global Equity Ii, L.P. | Other Private Fund | $851M | $3.0M | 57 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (2)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| American Federation Of Musicians And Employers' Pension Fund And Subsidiary | Board Of Trustees Of The American Federation Of Musicians And Employe | 19,513 | $3.2B | 01/01/2024 |
| 3 M Employee Retirement Income Plan | 3 M Company | 6,472 | $8.9B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/02/2026 | 1.39 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
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Northern Trust $11.9B (50% of AUM) Jul 2026
- State Street $5.4B (22% of AUM) Jul 2026
- J.P. Morgan $4.0B (17% of AUM) Jul 2026
- BNY Mellon $1.5B (7% of AUM) Apr 2026
- Citibank $1.1B (6% of AUM) Oct 2021
- Cibc Mellon Trust Company $1.0B (5% of AUM) Apr 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: Jul 02, 2026.
View current Form ADV (SEC/IAPD) ↗