{ "crd_number": 111376, "slug": "franklin-mutual-advisers-llc-short-hills-nj-111376", "primary_business_name": "FRANKLIN MUTUAL ADVISERS, LLC", "legal_name": "FRANKLIN MUTUAL ADVISERS, LLC", "dbas": [], "city": "Short Hills", "state": "NJ", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1996-10-10", "years_registered": 29, "period": "2026-10-01", "filing_date": "2026-09-16", "carried_forward": false, "raum_total": 42587130807.0, "raum_discretionary": 42476348496.0, "raum_non_discretionary": 110782311.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 52, "advisory_employees": 37, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 63989593.0, "count": null, "fewer_than_5": true }, "investment_companies": { "raum": 33029004571.0, "count": 16 }, "other_investment_advisers": { "raum": 110782312.0, "count": null, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 2891099469.0, "count": 17 }, "pooled_investment_vehicles": { "raum": 6480973792.0, "count": 29 }, "corporations_other_businesses": { "raum": 11281070.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [], "websites": [ "https://facebook.com/franklintempleton", "https://franklinindices.com", "https://franklinresources.com", "https://franklintempleton.com", "https://franklintempletonglobal.com", "https://franklintempletonme.com", "https://franklintempletonoffshore.com", "https://franklintempletontalkingmarkets.libsyn.com", "https://ftinstitutional.com", "https://ftinstitutionalapac.com", "https://ftinstitutionalemea.com", "https://instagram.com/franklintempleton", "https://linkedin.com/company/franklin-templeton", "https://njbest.com", "https://tiktok.com/@franklintempleton", "https://x.com/FTI_Emerging", "https://x.com/FTI_US", "https://youtube.com/user/franklinresourcestv" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111376", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "SHORT HILLS", "url": "https://advisorcensus.com/firm/franklin-mutual-advisers-llc-short-hills-nj-111376", "display_name": "Franklin Mutual Advisers, LLC", "summary": "Franklin Mutual Advisers, LLC is an SEC-registered investment advisory firm in Short Hills, NJ, registered since 1996, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 16, 2026.", "citation": "AdvisorCensus. Franklin Mutual Advisers, LLC (CRD 111376): 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" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Franklin Mutual Advisers, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Franklin Mutual Advisers, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Franklin Mutual Advisers, LLC located?", "a": "Franklin Mutual Advisers, LLC's principal office is in Short Hills, NJ, according to its Form ADV." }, { "q": "Is Franklin Mutual Advisers, LLC registered with the SEC or a state?", "a": "Franklin Mutual Advisers, LLC is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 111376." }, { "q": "How much does Franklin Mutual Advisers, LLC manage?", "a": "Franklin Mutual Advisers, LLC reports $42,587,130,807 in regulatory assets under management in its Form ADV filing dated September 16, 2026 (100% discretionary)." }, { "q": "How have Franklin Mutual Advisers, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Franklin Mutual Advisers, LLC: Regulatory assets under management: $40,227,129,856 in the October 2021 data and $42,587,130,807 in the October 2026 data, up 6%. Total employees: 48 in October 2021 and 52 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Franklin Mutual Advisers, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (29); high net worth individuals (17); investment companies (16)." }, { "q": "Which custodians does Franklin Mutual Advisers, LLC use?", "a": "Franklin Mutual Advisers, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Franklin Mutual Advisers, LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). 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/111376" }, { "q": "What changed in Franklin Mutual Advisers, LLC's recent Form ADV filings?", "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 40227129856.0, "total_employees": 48, "filing_date": "2021-07-19" }, { "period": "2022-10-01", "regulatory_assets_under_management": 46173114494.0, "total_employees": 48, "filing_date": "2022-05-12" }, { "period": "2023-10-01", "regulatory_assets_under_management": 35509753999.0, "total_employees": 52, "filing_date": "2023-06-22" }, { "period": "2024-10-01", "regulatory_assets_under_management": 38403147548.0, "total_employees": 48, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 42618625108.0, "total_employees": 50, "filing_date": "2024-12-24" }, { "period": "2026-10-01", "regulatory_assets_under_management": 42587130807.0, "total_employees": 52, "filing_date": "2026-09-16" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 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 30 to 37." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "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/franklin-mutual-advisers-llc-short-hills-nj-111376.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 17, "fewer_than_5": false, "raum": 2891099469.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 16, "fewer_than_5": false, "raum": 33029004571.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 29, "fewer_than_5": false, "raum": 6480973792.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 63989593.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": null, "fewer_than_5": true, "raum": 110782312.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 11281070.0 } ], "disclosure_line": "Reports 2 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/111376", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }