Franklin Mutual Advisers, LLC (Short Hills)

Name: Franklin Mutual Advisers, LLC
Address: 101 John F. Kennedy Parkway, Short Hills, NJ, 07078
Telephone: 973-912-2000

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.