Brandywine Global Investment Management, LLC (Philadelphia)


Brandywine Global Investment Management, LLC is a large advisory firm based in Philadelphia. It manages $73.82 billion of regulatory assets for 1,522 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Brandywine Global Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and model-only portfolios. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Brandywine Global Investment Management: assets under management

The assets under management (AUM) of Brandywine Global Investment Management, LLC is $73.82 billion. The firm's AUM has grown by 143% since the beginning of its operation, and $37.39 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $71.8 billion in discretionary accounts and $2.02 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $47.77 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $106.42 million.
Brandywine Global Investment Management has custody of $6.99 billion in cash and securities for 34 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in sovereign bonds the most. They account for 38% of the total AUM. The second-largest asset type is government bonds, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brandywine Global Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brandywine Global Investment Management serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Brandywine Global Investment Management is pooled investment vehicles with 84 clients and $18.5 billion of assets under management. Among the 9 most similar advisory firms, Brandywine Global Investment Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $73.82 billion for 1,522 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Brandywine Global Investment Management also advises several private funds. Namely, six hedge funds and twenty six other private funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Brandywine Global Investment Management, LLC

The company employs 255 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. 20 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Henry Fred Otto Manager, executive committee chairman & managing director 1 Jan 1988 Other 1836338
Paul David Ehrlichman Executive committee member & managing director 1 Nov 1988 Other 1935453
Steven Mathew Tonkovich Executive committee member, executive vice president & managing director 1 May 1989 Other 2040256
Stephen Scott Smith Executive committee member & executive vice president 1 Mar 1991 Other 1847022
Paul Robert Lesutis Managing director 1 Mar 1991 Other 2507877
David Fenno Hoffman Executive committee member & managing director 1 May 1995 Other 2124805
Edward Anthony Trumpbour Executive committee member & managing director 1 Feb 1996 Other 1432494
Adam Benjamin Spector Executive committee member & managing director, director of marketing, sales & client service 1 Feb 1997 Other 2270713
Inc. Legg Mason Shareholder 1 Jan 1998 75% - 100% 52-0902557
Edward Albert Taber Non-employee manager 1 Jan 1998 Other 1778866
Henry Fred Otto Managing director 1 Jul 1998 Other 1836338
Stephen Scott Smith Managing director 1 Jul 1998 Other 1847022
Stefanie Jane Little Director of legal and contract management 1 May 1999 Other 4393611
Thomas Clifton Merchant Assistant secretary 1 Oct 2001 Other 3126886
Robert Francis Price Secretary 1 Oct 2001 Other 1049278
Steven Mathew Tonkovich Managing director 1 Aug 2003 Other 2040256
Larry Jon Kassman Executive committee member, chief administrative officer & executive vice president 1 Aug 2003 Other 1998921
Peter Lanning Bain Non-employee manager 1 Sep 2003 Other 4221890
Aaron David Deangelis Chief compliance officer 1 Apr 2004 Other 4824419
Stephen Joseph Kneeley Executive committee member and managing partner 1 May 2006 Other 1433085
Timothy Charles Scheve Manager 1 Nov 2006 Other 1319072
Mark Paul Glassman Executive vice president & chief administrative officer 1 Jan 2007 Other 5285924
Christopher David Marzullo General counsel & chief compliance officer 1 Mar 2007 Other 3172647
Mark Raymond Fetting Non-employee manager 1 Jul 2007 Other 733409
David Fenno Hoffman Executive vice president & manager 1 Oct 2007 Other 2124805
Stacy Maria Dutton Managing partner 1 Jan 2008 Other 1842257
Charles James Daley Non-employee manager 1 Apr 2009 Other 1808224
David Roehner Odenath Non-employee manager 1 Apr 2009 Other 872856
Peter Hamilton Nachtwey Non-employee manager 1 Apr 2011 Other 5512176
Ronald Richard Dewhurst Non-employee manager 1 Apr 2011 Other 1590061
Patrick Stanley Kaser Managing director 1 Jul 2012 Other 2702768
Jennifer Williams Murphy Non-employee manager 1 Aug 2013 Other 1552370
Adam Benjamin Spector Managing partner 1 Jan 2015 Other 2270713
John Duff Kenney Non-employee manager 1 Jul 2015 Other 2387755
Patricia Lattin Non-employee manager 1 Jul 2015 Other 2889227
Jeffrey Scott Masom Non-employee manager 1 Jul 2015 Other 2870966
Terrence Andrew Johnson Non-employee manager 1 Jul 2015 Other 5543404
Ursula Amelie Schliessler Elected manager 1 May 2017 Other 6802886

Based in Philadelphia

The principal office where Brandywine Global Investment Management, LLC performs its advisory services is located at 1735 Market Street, Philadelphia, PA 19103, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-609-3500 or by fax 215-609-3501. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at brandywineglobal.com.