Niva WealthLet’s talk

Franklin Advisers

SEC-registered adviser since 1986San Mateo, CACRD 104517

$509.5B
AUM
25,120
Clients
See fees
Fee
272
Advisory staff

From Form ADV filed 16 September 2026 · data retrieved 15 October 2026SEC record

Franklin Advisers is an investment adviser headquartered in San Mateo, California, and registered with the SEC since 1986. Its clients include investment companies, pooled investment vehicles and other individuals. High-net-worth individuals account for 1% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management and performance-based fees. Franklin Templeton, Inc. owns 75% or more of Franklin Advisers.

Clients

Franklin Advisers serves 25,120 clients, 22,641 of them other individuals. The average client has about $20 million with the firm, and high-net-worth clients hold 1% of its $509.5 billion in assets.

Regulatory assets by client type
  • Individuals22,641 clients3%
  • Investment companies254 clients72%
  • Pooled investment vehicles263 clients19%
  • OtherHigh-net-worth individuals, Banking or thrift institutions, Pension and profit-sharing plans, Charitable organizations, State or municipal government entities, Other investment advisers, Insurance companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses, Other6%
Show client breakdown
Individuals (other than HNW)
Clients
22,641
Regulatory AUM
$14,808,202,778
Share
2.9%
Avg. per client
$654K
High-net-worth individuals
Clients
382
Regulatory AUM
$3,073,826,881
Share
0.6%
Avg. per client
$8.05M
Banking or thrift institutions
Clients
13
Regulatory AUM
$21,033,403
Share
0.0%
Avg. per client
$1.62M
Investment companies
Clients
254
Regulatory AUM
$368,096,530,114
Share
72.3%
Avg. per client
$1.45B
Pooled investment vehicles
Clients
263
Regulatory AUM
$98,210,493,146
Share
19.3%
Avg. per client
$373.4M
Pension and profit-sharing plans
Clients
255
Regulatory AUM
$6,014,679,945
Share
1.2%
Avg. per client
$23.6M
Charitable organizations
Clients
139
Regulatory AUM
$465,230,099
Share
0.1%
Avg. per client
$3.35M
State or municipal government entities
Clients
6
Regulatory AUM
$70,795,574
Share
0.0%
Avg. per client
$11.8M
Other investment advisers
Clients
83
Regulatory AUM
$2,919,051,700
Share
0.6%
Avg. per client
$35.2M
Insurance companies
Clients
18
Regulatory AUM
$5,110,334,689
Share
1.0%
Avg. per client
$283.9M
Sovereign wealth funds and foreign official institutions
Clients
20
Regulatory AUM
$8,579,667,613
Share
1.7%
Avg. per client
$429.0M
Corporations and other businesses
Clients
823
Regulatory AUM
$1,596,473,866
Share
0.3%
Avg. per client
$1.94M
Other
Clients
223
Regulatory AUM
$487,095,133
Share
0.1%
Avg. per client
$2.18M

Total

Clients
25,120
Regulatory AUM
$509,453,414,941
Share
100%
Avg. per client
$20.3M

What it does

Franklin Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.

Franklin Advisers advises 73 private funds.

99.4% of assets ($506.50B across 24,997 accounts) are managed with discretion; $2.95B across 21 accounts are not. $19.29B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 101 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

The filed percentages total 101%. The values below are shown as filed.

Exchange-traded equity securities
11%
U.S. government/agency bonds
14%
U.S. state and local bonds
29%
Sovereign bonds
8%
Investment grade corporate bonds
17%
Non-investment grade corporate bonds
3%
Securities issued by registered investment companies or business development companies
5%
Securities issued by pooled investment vehicles (other than registered investment companies)
11%
Cash and cash equivalents
3%

Custodians

Franklin Advisers’ client accounts are held mainly at UBS Group, with 2% of managed assets, and The Bank of New York Mellon, with 1%. Franklin Advisers has custody of client assets.

Managed account assets by custodian
  • J.P. MorganJpmorgan Chase & Co · New York, NY · $4.58B1%
  • UBS GroupUBS Group · New York, NY · $9.53B2%
  • The Bank of New York MellonThe Bank of New York Mellon Corporation · New York, NY · $6.59B1%
  • All other custodians$488.75B96%

Ownership and leadership

Franklin Templeton, Inc. owns 75% or more of Franklin Advisers.

Who owns the firm
Franklin Advisers, Inc.· the adviser

  • Franklin Templeton, Inc.

    Control person · since March 1978

    Owns 75% or more of Franklin Advisers, Inc.

Leadership

  • Roger Bayston
    Executive Vice President
  • Jonathan Curtis
    Executive Vice President
  • Sonal Desai
    Executive Vice President and Director
  • Stephen Dover
    Executive Vice President and Director
  • Michael Hasenstab
    Executive Vice President
  • Michael McCarthy
    Executive Vice President and Portfolio Manager
  • Thomas Meyers
    Executive Vice President
  • Edward Perks
    President and Director
  • Adam Petryk
    Executive Vice President
  • Lindsey Oshita
    Chief Financial Officer
  • Bjorn Davis
    Chief Compliance Officer
  • Leeor Avigdor
    Treasurer
  • Christian Correa
    Chief Investment Officer
  • Rupert Johnson
    Director
  • Thomas Merchant
    Chief Legal Officer

Staff

  • 384 employees
  • 272 in advisory functions
  • 64 broker-dealer reps

Fees

Franklin Advisers is paid through a percentage of assets under management and performance-based fees.

Franklin Advisers’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Franklin Advisers has 6 offices, with 7 listed addresses across 6 states.

Listed office addresses by state

California · 2 listed addresses

  • One Franklin Parkway, Building 970, 1st Floor, San MateoHQ
  • 2700 Camino Ramon, San Ramon

Other business names

Franklin Advisers has reported 1 other business name to the SEC.

  • Franklin Templeton Investments Advisers, Inc

Registration details

Legal name
Franklin Advisers, Inc.
Headquarters
One Franklin Parkway, Building 970, 1st Floor, San Mateo, CA 94403
Phone
650-312-3000
Website
Not reported
SEC file
801-26292
Structure
California corporation
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 Franklin Advisers have?

Franklin Advisers has 25,120 clients and manages $509.5 billion for them, as of September 2026. They include 22,641 other individuals, 823 corporations and other businesses and 382 high-net-worth individuals.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026

What services does Franklin Advisers offer?

Franklin Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Franklin Advisers use?

Franklin Advisers’ separately managed account assets are held at UBS Group (New York, NY), with $9,532,056,572, The Bank of New York Mellon Corporation (New York, NY), with $6,594,371,562 and Jpmorgan Chase & Co (New York, NY), with $4,576,297,221. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026

How many financial advisors does Franklin Advisers have?

Franklin Advisers has 0 investment adviser representatives registered with state securities authorities, out of 384 employees, and 272 perform investment advisory functions. 64 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 Franklin Advisers invest in?

At the end of its last fiscal year, Franklin Advisers’ separately managed accounts held 29% state and local bonds, 17% investment grade corporate bonds, 14% U.S. government and agency bonds, 11% exchange-traded equities, 11% pooled vehicles (private funds and similar), 8% sovereign bonds, 5% registered funds (mutual funds, ETFs, BDCs), 3% high-yield corporate bonds and 3% cash and equivalents. It advises 73 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 Franklin Advisers?

Franklin Advisers’ direct owner is Franklin Templeton, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026

How does Franklin Advisers get paid?

Franklin Advisers is paid through a percentage of assets under management and performance-based fees. 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

Sources

  1. Form ADV Part 1A, amendment filed 16 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 104517.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

Download source data (JSON)How this directory is compiledReport a correction

This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Franklin Advisers, Inc. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.