Western Asset Management Company
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Overview
Western Asset Management Company is located at 385 E. Colorado Blvd., Pasadena, CA. The firm employs 114 financial advisors to manage client portfolios and provide financial guidance. Western Asset Management Company is not a registered broker-dealer.
Western Asset Management Company oversees $313.8 billion in assets under management across 36,137 accounts, of which 36,135 are discretionary and 2 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to a diverse range of investors, including retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, and corporations. Retail investors represent the largest client type by accounts. The fee structure at Western Asset Management Company includes asset-based and performance-based fees. The firm has 934 high net worth clients and maintains affiliations with a broker-dealer or securities dealer and a commodity pool advisor.
Western Asset Management Company is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Western Asset Management Company by the Numbers
$313.8 billion
563
36,137
$8.7 million
Fee Structure
Financial advisory fees largely are based on the type of services provided. Fees charged by Western Asset Management Company most likely consist of any blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Western Asset Management Company.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company does business with a broad range of clients. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, insurance companies, sovereign wealth funds, and corporations. Out of its 11 clients, Western Asset Management Company's largest client type by number of accounts is investment companies, though it also manages money for 934 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).
- High-Net-Worth Individuals* - 2.58%
- Other Individuals - 89.38%
- Corporations - 6.02%
- Charitable Organizations - 2.02%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Western Asset Management Company does not have any disclosures.
Please visit its Form ADV for more details.
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