Franklin Mutual Advisers, LLC
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Overview
Franklin Mutual Advisers, LLC is a financial advisor company based in Short Hills, New Jersey. The company manages $35.5 billion in assets under management across 78 accounts, placing it among the biggest firms in the United States by assets under management (AUM). Franklin Mutual Advisers, LLC has an average-sized group, including 26 financial advisors. Franklin Mutual Advisers, LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are tradable financial assets like options, bonds and stocks.
Franklin Mutual Advisers, LLC administers more than half of the firm's accounts in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction choices for the client's account without needing to seek client permission. It also administers one non-discretionary accounts totaling $102.8 million in assets. The company administers about $455.3 million in assets for each client account. The typical advisor at Franklin Mutual Advisers, LLC oversees around three client accounts, making it one of the most individualized firms in the country.
The firm's central office is located at 101 John F. Kennedy Parkway, Short Hills, New Jersey 07078-2789.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Franklin Mutual Advisers, LLC by the Numbers
$35.5 billion
52
78
$455.3 million
Fee Structure
A financial advisor's fees usually depend on the type of financial services offered. Fees billed by the company likely include any combination of the following fee structures: asset-based or performance-based. The company does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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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
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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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with a number of different investors. The firm caters to high net worth investors, investment companies, pooled investment vehicles, other investment advisers, insurance companies and corporations. Out of its 78 accounts, Franklin Mutual Advisers, LLC's largest client type by number of accounts is investment companies, but it also manages money for four high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 4% of the company's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 5.19%
- Other Individuals - 0%
- Corporations - 94.81%
- Charitable Organizations - 0%
* 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
Franklin Mutual Advisers, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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