They clearly anounced it on their website
thanks, you are right… but who the heck goes to their website 
I didn’t invest directly so I suppose they have no way of communicating directly with me. I wonder if IBKR received any comms earlier. Anyway not a big deal for me
There’s probably services that email you whenever there’s a publication.
(I use swissfunddata for swiss funds)
I received communication from my bank about the SSON conversion.
Thanks, I was wondering about why this happened…
Both Fundsmith and SSON have been a train wreck in the past 5 years against skyrocketing Mag7 (or SP500 for that matter). I’m waiting for a leg up in Fundsmith then it goes to the bin as well.
Seems Terry was indeed a differentiating factor. 
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Another interesting fact is that now Fundsmith fund owns 70% US equity which is even more than VT. I believe when I started to buy some FS around 5 years ago there wasn’t such a high % of US equity. A reason why I am also thinking to invest that money somewhere else.
To stay in the same type of active investing like FS with this money my eyes are currently on Scottish Mortgage Investment Trust (SMT) but the price is currently so high again.
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Fundsmith, SSON and SMT are the holy triumvirate of the old EnglishForum.
Two of them didn’t really work in the last 5 years.
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Isn’t he still managing Fundsmith?
ah you’re right, he’s still in.
Despite this, the performance has been subpar for long. If someone can’t bring market returns over 5y, when why would I still pay his fees? 
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Tender for cash was finally paid out (13.3.2026) at £15.02 per share at IB. RIP SSON, you won’t be missed.
Held on a year longer since post above, for about 0% gain in £, yet with a 7% FX loss, while VWRL (CHF) was up about 5% in the same time.
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Personal thanks from me for writing about your investment losses! Nobody likes it and hardly anyone does, while everyone is happy to brag about their multibaggers.
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Planning the potential liquidation of this Fundsmith Fund I was wondering what is the best way to withdraw the selling proceeds in GBP from Fundsmith to IBKR avoiding any FX conversions. Note that I have everything at Fundsmith directly and not IBKR. Fundsmith can only transfer to a bank account which is on my own name. This means that if I transfer to my traditional Swissbank it will get auto-converted to CHF and I will lose FX conversion fees. So I was thinking of something like that:
Fundsmith account (GBP) → Yuh or Saxo account (GBP) → IBKR (GBP)
As far as I know Yuh and maybe Saxo allows for accounts in various currencies without any additional fees basically for free… But I don’t have any Yuh or Saxo yet, so I would just get a Yuh/Saxo account for that purpose.
Anyone did something like that already? Or has any other better ideas?
That’s the simplest, transfer to a GBP account and from there into IBKR.
Revolut?
Yes Revolut and Wise can both manage this
So you think that Fundsmith would accept to send the money to a Revolut account? and then would IBKR accept a transfer from Revolut? I am a bit skeptical…
Something was written about integration of Wise with IB…
I’ll probably stay with my initial workflow as I don’t have wise and somehow don’t trust revolut with a 5 figures amount.
IBKR has a integrated transfer from WIse where you login with your Wise account directly from your IBKR control panel, the transfer is very quick
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Speaking of Fundsmith they just published today the video of their annual shareholders’ meeting for 2026:
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