{"url":"https://nivawealth.com/firms/brandywine-global-investment-management-110783","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110783","regulatoryAum":65444378166,"crd":"110783","secFileNumber":"801-27797","legalName":"Brandywine Global Investment Management, LLC","displayName":"Brandywine Global Investment Management","website":"https://www.brandywineglobal.com","linkedinUrl":"https://www.linkedin.com/company/brandywine-global-investment-management","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"September","headquarters":{"street":"1735 Market Street, Suite 1800","city":"Philadelphia","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"19103"},"tradeNames":["BW Global Investment Management","Franklin Templeton"],"registration":{"secApproved":"29 August 1986","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":157,"advisory":56,"brokerDealerReps":29,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":60689602797,"discretionaryAccounts":950,"nonDiscretionary":4754775369,"nonDiscretionaryAccounts":27,"wrapProgram":225470419,"nonUsClientsPct":9,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":752,"regulatoryAum":223349389},{"label":"High-net-worth individuals","clients":3,"regulatoryAum":79145744},{"label":"Investment companies","clients":25,"regulatoryAum":17620861599},{"label":"Pooled investment vehicles","clients":69,"regulatoryAum":11937632225},{"label":"Pension and profit-sharing plans","clients":26,"regulatoryAum":6083518886},{"label":"Charitable organizations","clients":12,"regulatoryAum":2451328747},{"label":"State or municipal government entities","clients":42,"regulatoryAum":4263416973},{"label":"Other investment advisers","clients":25,"regulatoryAum":4158630687},{"label":"Insurance companies","clients":5,"regulatoryAum":759632103},{"label":"Sovereign wealth funds and foreign official institutions","clients":12,"regulatoryAum":15700593988},{"label":"Corporations and other businesses","clients":6,"regulatoryAum":2166267825}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":8623952537},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":6611615390},{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":9128924986}],"custodyNote":"Brandywine Global Investment Management has custody of $3.87B for 16 clients.","otherCustodians":[],"leadership":[{"name":"Christian Correa","title":"Executive Vice President and Chief Investment Officer","crd":"4464707"},{"name":"Sonal Desai","title":"Executive Vice President and Director","crd":"7070945"},{"name":"Bjorn Davis","title":"Chief Compliance Officer","crd":"4104631"},{"name":"Theodore Fetter","title":"Senior Managing Director","crd":"4255983"},{"name":"Patrick Kaser","title":"Senior Managing Director","crd":"2702768"},{"name":"Richard Lawrence","title":"Senior Managing Director","crd":"4074544"},{"name":"Henry Otto","title":"Senior Managing Director","crd":"1836338"},{"name":"Anujeet Sareen","title":"Senior Managing Director","crd":"7820526"},{"name":"Steven Tonkovich","title":"Senior Managing Director","crd":"2040256"}],"ownership":[{"label":"Legg Mason, Inc.","detail":"Managing member in the 75% or more ownership band and a control person, since January 1998."},{"label":"Franklin Templeton, Inc.","detail":"Indirect owner: a sole shareholder of legg mason, inc. of Legg Mason, Inc. in the 75% or more band and a control person, since July 2020.","parent":"Legg Mason, Inc."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"1086 N. 4th Street","city":"Columbus"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"1735 Market Street, Suite 1800","city":"Philadelphia","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"215-609-3500","stateRegisteredReps":7,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":29},{"label":"U.S. government/agency bonds","percent":27},{"label":"Sovereign bonds","percent":20},{"label":"Investment grade corporate bonds","percent":5},{"label":"Non-investment grade corporate bonds","percent":4},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":10,"detail":"Government Regional Agencies, Government Sovereign Agencies, Mortgage Backed Securities, Asset Backed Securities, Collateralized Loan Obligations"}],"privateFunds":15},"sources":{"adv1FilingDate":"29 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110783/PDF/110783.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Brandywine Global Investment Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Brandywine Global Investment Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Brandywine Global Investment Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Brandywine Global Investment Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Brandywine Global Investment Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Brandywine Global Investment Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Brandywine Global Investment Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}