Clients
Brandywine Global Investment Management serves 977 clients, 752 of them other individuals. The average client has about $67 million with the firm, and high-net-worth clients hold 0% of its $65.4 billion in assets.
- Investment companies25 clients27%
- Pooled investment vehicles69 clients18%
- Pension and profit-sharing plans26 clients9%
- Charitable organizations12 clients4%
- State or municipal government entities42 clients7%
- OtherOther investment advisers, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Individuals, High-net-worth individuals, Insurance companies35%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 752 | $223,349,389 | 0.3% | $297K |
| High-net-worth individuals | 3 | $79,145,744 | 0.1% | $26.4M |
| Investment companies | 25 | $17,620,861,599 | 26.9% | $704.8M |
| Pooled investment vehicles | 69 | $11,937,632,225 | 18.2% | $173.0M |
| Pension and profit-sharing plans | 26 | $6,083,518,886 | 9.3% | $234.0M |
| Charitable organizations | 12 | $2,451,328,747 | 3.7% | $204.3M |
| State or municipal government entities | 42 | $4,263,416,973 | 6.5% | $101.5M |
| Other investment advisers | 25 | $4,158,630,687 | 6.4% | $166.3M |
| Insurance companies | 5 | $759,632,103 | 1.2% | $151.9M |
| Sovereign wealth funds and foreign official institutions | 12 | $15,700,593,988 | 24.0% | $1.31B |
| Corporations and other businesses | 6 | $2,166,267,825 | 3.3% | $361.0M |
| Total | 977 | $65,444,378,166 | 100% | $67.0M |
- Clients
- 752
- Regulatory AUM
- $223,349,389
- Share
- 0.3%
- Avg. per client
- $297K
- Clients
- 3
- Regulatory AUM
- $79,145,744
- Share
- 0.1%
- Avg. per client
- $26.4M
- Clients
- 25
- Regulatory AUM
- $17,620,861,599
- Share
- 26.9%
- Avg. per client
- $704.8M
- Clients
- 69
- Regulatory AUM
- $11,937,632,225
- Share
- 18.2%
- Avg. per client
- $173.0M
- Clients
- 26
- Regulatory AUM
- $6,083,518,886
- Share
- 9.3%
- Avg. per client
- $234.0M
- Clients
- 12
- Regulatory AUM
- $2,451,328,747
- Share
- 3.7%
- Avg. per client
- $204.3M
- Clients
- 42
- Regulatory AUM
- $4,263,416,973
- Share
- 6.5%
- Avg. per client
- $101.5M
- Clients
- 25
- Regulatory AUM
- $4,158,630,687
- Share
- 6.4%
- Avg. per client
- $166.3M
- Clients
- 5
- Regulatory AUM
- $759,632,103
- Share
- 1.2%
- Avg. per client
- $151.9M
- Clients
- 12
- Regulatory AUM
- $15,700,593,988
- Share
- 24.0%
- Avg. per client
- $1.31B
- Clients
- 6
- Regulatory AUM
- $2,166,267,825
- Share
- 3.3%
- Avg. per client
- $361.0M
Total
- Clients
- 977
- Regulatory AUM
- $65,444,378,166
- Share
- 100%
- Avg. per client
- $67.0M
What it does
Brandywine Global Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets, performance-based fees and other arrangements.
Brandywine Global Investment Management advises 15 private funds.
92.7% of assets ($60.69B across 950 accounts) are managed with discretion; $4.75B across 27 accounts are not. $225.5M sits in a wrap fee program the firm both sponsors and manages. 9% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks29%
- Bonds56%
- U.S. government and agency bonds27%
- Sovereign bonds20%
- Investment grade corporate bonds5%
- High-yield corporate bonds4%
- Cash5%
- Other10%
- Government regional agencies, government sovereign agencies, mortgage backed securities, asset backed securities, collateralized loan obligations10%
Custodians
Brandywine Global Investment Management’s client accounts are held mainly at State Street Bank and Trust, with 14% of managed assets, and The Bank of New York Mellon, with 13%. Brandywine Global Investment Management has custody of $3.87B for 16 clients.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $8.62B13%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $6.61B10%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $9.13B14%
- All other custodians$41.08B63%
Ownership and leadership
Legg Mason, Inc. owns 75% or more of Brandywine Global Investment Management.
- Owns 75% or more of Brandywine Global Investment Management, LLC
Legg Mason, Inc.
Control person · since January 1998
- Owns 75% or more of Legg Mason, Inc.
Franklin Templeton, Inc.
Control person · since July 2020
Leadership
- Christian CorreaExecutive Vice President and Chief Investment Officer
- Sonal DesaiExecutive Vice President and Director
- Bjorn DavisChief Compliance Officer
- Theodore FetterSenior Managing Director
- Patrick KaserSenior Managing Director
- Richard LawrenceSenior Managing Director
- Henry OttoSenior Managing Director
- Anujeet SareenSenior Managing Director
- Steven TonkovichSenior Managing Director
Staff
- 157 employees
- 56 in advisory functions
- 7 state-registered reps
- 29 broker-dealer reps
- 1 soliciting firm
Fees
Brandywine Global Investment Management is paid through a percentage of assets under management, performance-based fees and other.
Brandywine Global Investment Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Brandywine Global Investment Management has 1 office, with 2 listed addresses across 2 states.
Ohio · 1 listed address
- 1086 N. 4th Street, Columbus
Pennsylvania · 1 listed address
- 1735 Market Street, Suite 1800, PhiladelphiaHQ
Other business names
Brandywine Global Investment Management has reported 2 other business names to the SEC.
- BW Global Investment Management
- Franklin Templeton
Registration details
- Legal name
- Brandywine Global Investment Management, LLC
- Headquarters
- 1735 Market Street, Suite 1800, Philadelphia, PA 19103
- Phone
- 215-609-3500
- Website
- www.brandywineglobal.com
- SEC file
- 801-27797
- Structure
- Delaware LLC
- Fiscal year end
- September
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Brandywine Global Investment Management have?
Brandywine Global Investment Management has 977 clients and manages $65.4 billion for them, as of September 2026. They include 752 other individuals, 69 pooled investment vehicles and 42 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 September 2026
What services does Brandywine Global Investment Management offer?
Brandywine Global Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Brandywine Global Investment Management use?
Brandywine Global Investment Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $9,128,924,986, The Bank of New York Mellon (New York, NY), with $8,623,952,537 and The Northern Trust Company (Chicago, IL), with $6,611,615,390. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 September 2026
How many financial advisors does Brandywine Global Investment Management have?
Brandywine Global Investment Management has 7 investment adviser representatives registered with state securities authorities, out of 157 employees, and 56 perform investment advisory functions. 29 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Brandywine Global Investment Management invest in?
At the end of its last fiscal year, Brandywine Global Investment Management’s separately managed accounts held 29% exchange-traded equities, 27% U.S. government and agency bonds, 20% sovereign bonds, 10% government regional agencies, government sovereign agencies, mortgage backed securities, asset backed securities, collateralized loan obligations, 5% investment grade corporate bonds, 5% cash and equivalents and 4% high-yield corporate bonds. It advises 15 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Brandywine Global Investment Management?
Brandywine Global Investment Management is owned through a holding company by Franklin Templeton, Inc. Its direct owner is Legg Mason, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 September 2026
How does Brandywine Global Investment Management get paid?
Brandywine Global Investment Management is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file