{
  "crd_number": 110783,
  "slug": "brandywine-global-investment-management-llc-philadelphia-pa-110783",
  "primary_business_name": "BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC",
  "legal_name": "BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC",
  "dbas": [
    "BW GLOBAL INVESTMENT MANAGEMENT",
    "FRANKLIN TEMPLETON"
  ],
  "city": "Philadelphia",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "37980",
  "metro": {
    "cbsa_code": "37980",
    "common_name": "Philadelphia",
    "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD",
    "path": "/advisors/pa/philadelphia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1986-08-29",
  "years_registered": 40,
  "period": "2026-10-01",
  "filing_date": "2026-09-29",
  "carried_forward": false,
  "raum_total": 65444378166.0,
  "raum_discretionary": 60689602797.0,
  "raum_non_discretionary": 4754775369.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 157,
  "advisory_employees": 56,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 2451328747.0,
      "count": 12
    },
    "individuals": {
      "raum": 223349389.0,
      "count": 752
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 4263416973.0,
      "count": 42
    },
    "insurance_companies": {
      "raum": 759632103.0,
      "count": 5
    },
    "investment_companies": {
      "raum": 17620861599.0,
      "count": 25
    },
    "pension_profit_sharing": {
      "raum": 6083518886.0,
      "count": 26
    },
    "other_investment_advisers": {
      "raum": 4158630687.0,
      "count": 25
    },
    "high_net_worth_individuals": {
      "raum": 79145744.0,
      "count": 3
    },
    "pooled_investment_vehicles": {
      "raum": 11937632225.0,
      "count": 69
    },
    "corporations_other_businesses": {
      "raum": 2166267825.0,
      "count": 6
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 15700593988.0,
      "count": 12
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://aroundthecurve.com",
    "https://brandywinefund.com",
    "https://brandywinefunds.com",
    "https://brandywineglobal.com",
    "https://facebook.com/BRANDYWINEGLOBAL",
    "https://icx.efrontcloud.com/BRANDYWINEGLOBAL/LOGIN.ASPX",
    "https://linkedin.com/COMPANY/BRANDYWINE-GLOBAL-INVESTMENT-MANAGEMENT",
    "https://seekingalpha.com/AUTHOR/BRANDYWINE-GLOBAL-INVESTMENT-MANAGEMENT",
    "https://twitter.com/BRANDYWINEGIM",
    "https://youtube.com/@BRANDYWINEGLOBAL2557"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110783",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "PHILADELPHIA",
  "url": "https://advisorcensus.com/firm/brandywine-global-investment-management-llc-philadelphia-pa-110783",
  "display_name": "Brandywine Global Investment Management, LLC",
  "summary": "Brandywine Global Investment Management, LLC is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 1986, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.",
  "citation": "AdvisorCensus. Brandywine Global Investment Management, LLC (CRD 110783): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Brandywine Global Investment Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Brandywine Global Investment Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "Where is Brandywine Global Investment Management, LLC located?",
      "a": "Brandywine Global Investment Management, LLC's principal office is in Philadelphia, PA, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Brandywine Global Investment Management, LLC registered with the SEC or a state?",
      "a": "Brandywine Global Investment Management, LLC is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 110783."
    },
    {
      "q": "How much does Brandywine Global Investment Management, LLC manage?",
      "a": "Brandywine Global Investment Management, LLC reports $65,444,378,166 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (93% discretionary)."
    },
    {
      "q": "How have Brandywine Global Investment Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Brandywine Global Investment Management, LLC: Regulatory assets under management: $64,980,574,928 in the October 2021 data and $65,444,378,166 in the October 2026 data, up 1%. Total employees: 222 in October 2021 and 157 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Brandywine Global Investment Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (752); pooled investment vehicles (other than investment companies and business development companies) (69); state or municipal government entities (including government pension plans) (42)."
    },
    {
      "q": "Which custodians does Brandywine Global Investment Management, LLC use?",
      "a": "Brandywine Global Investment Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Brandywine Global Investment Management, LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110783"
    },
    {
      "q": "What changed in Brandywine Global Investment Management, LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Added the business name Franklin Templeton. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 64980574928.0,
      "total_employees": 222,
      "filing_date": "2021-08-18"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 69446000033.0,
      "total_employees": 233,
      "filing_date": "2022-01-13"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 54376358142.0,
      "total_employees": 237,
      "filing_date": "2023-07-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 56026385835.0,
      "total_employees": 121,
      "filing_date": "2024-09-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 66447858097.0,
      "total_employees": 122,
      "filing_date": "2025-07-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 65444378166.0,
      "total_employees": 157,
      "filing_date": "2026-09-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Added the business name Franklin Templeton.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Employees performing advisory functions went from 47 to 56."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/brandywine-global-investment-management-llc-philadelphia-pa-110783.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 752,
      "fewer_than_5": false,
      "raum": 223349389.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 3,
      "fewer_than_5": false,
      "raum": 79145744.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 25,
      "fewer_than_5": false,
      "raum": 17620861599.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 69,
      "fewer_than_5": false,
      "raum": 11937632225.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 26,
      "fewer_than_5": false,
      "raum": 6083518886.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 12,
      "fewer_than_5": false,
      "raum": 2451328747.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 42,
      "fewer_than_5": false,
      "raum": 4263416973.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 25,
      "fewer_than_5": false,
      "raum": 4158630687.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 5,
      "fewer_than_5": false,
      "raum": 759632103.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 12,
      "fewer_than_5": false,
      "raum": 15700593988.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 6,
      "fewer_than_5": false,
      "raum": 2166267825.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110783",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}