Franklin Mutual Advisers, LLC (Short Hills)


Franklin Mutual Advisers, LLC is a large advisory firm based in Short Hills. It manages $65.55 billion of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2001.

Franklin Mutual Advisers provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Franklin Mutual Advisers: assets under management

The assets under management (AUM) of Franklin Mutual Advisers, LLC is $65.55 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 219% since the beginning of its operation, and $4.16 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $65.55 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.31 billion each.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Franklin Mutual Advisers, 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 Michael Francis Price serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Michael Francis Price is investment companies with 35 clients and $59.69 billion of assets under management. Among the 9 most similar advisory firms, Franklin Mutual Advisers has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $63.85 billion for 43 clients. 16% of the firm’s clients are foreign persons or businesses.

Franklin Mutual Advisers doesn't advise any private funds.

Careers at Franklin Mutual Advisers, LLC

The company employs 46 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Michael Francis Price has been acting as President since 1 Apr 1999. Philippe J M Brugere Trelat joined the executive team most recently as the Executive Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Franklin Templeton Distributors Corp. parent of registrant 1 Apr 1999 75% - 100% 13-5599989
Inc. Franklin/Templeton Distributors Corp. parent of registrant 1 Apr 1999 75% - 100% 13-5599989
Michael Francis Price Chairman 1 Apr 1999 Other 367737
Peter A Langerman President & chief executive officer 1 Apr 1999 Other 2832295
Martin Lawrence Flanagan Sr. vice president & chief financial officer 1 Apr 1999 Other 2111957
Robert Louis Friedman Sr. vice president, & portfolio manager 1 Apr 1999 Other 3034185
Jeffrey Alan Altman Sr. vice president & portfolio manager 1 Apr 1999 Other 2143110
Raymond Thomas Garea Sr. vice president & portfolio manager 1 Apr 1999 Other 1767161
Lawrence Neil Sondike Sr. vice president & portfolio manager 1 Apr 1999 Other 4393049
David John Winters Sr. vp, dir. of research & portfolio manager 1 Apr 1999 Other 1500007
Susan Rebecca Potto Senior vice president & portfolio manager 1 May 2001 Other 2865126
Jeff David Diamond Senior vice president & portfolio manager 1 May 2001 Other 1766748
Michael James Embler Sr. vice president 1 Dec 2003 Other 1689817
Timothy Steven Stearns Chief compliance officer 1 Jun 2004 Other 1327230
James Robert Baio Sr. vice president & cfo 1 Jan 2005 Other 2336447
Peter Arthur Langerman President, ceo and chairman 1 Apr 2005 Other 2832295
Shelly Marie Painter Treasurer 1 Aug 2006 Other 2296227
Craig Steven Tyle Chief legal officer 1 Nov 2006 Other 5026433
Craig Steven Tyle Chief legal officer 1 Dec 2006 Other 5026433
Mark Lecho Constant Treasurer 1 Oct 2007 Other 2164003
Breda Mary Beckerle Chief compliance officer 1 Jul 2009 Other 1078762
Philippe J M Brugere Trelat Executive vice president 1 Jan 2010 Other 1357307
Philippe Jean Michel Brugere Trelat Executive vice president 1 Jan 2010 Other 1357307

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. Franklin Resources Parent corporation of ftdi: 100% 1 Apr 1999 75% - 100% 13-2670991

Based in Short Hills

The principal office where Franklin Mutual Advisers, LLC performs its advisory services is located at 101 John F. Kennedy Parkway, Short Hills, NJ 07078, 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 973-912-2000 or by fax 973-921-8655. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at franklintempleton.com and its LinkedIn profile.