{"url":"https://nivawealth.com/firms/franklin-park-associates-126508","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/126508","regulatoryAum":10212042170,"crd":"126508","secFileNumber":"801-62046","legalName":"Franklin Park Associates, LLC","displayName":"Franklin Park Associates","website":null,"founded":null,"organization":"Pennsylvania limited liability company","fiscalYearEnd":"December","headquarters":{"street":"Three Bala Plaza, Suite 500 West","city":"Bala Cynwyd","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"19004"},"tradeNames":[],"registration":{"secApproved":"9 May 2003","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":29,"advisory":29,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":10212042170,"discretionaryAccounts":52,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":9},"clientTypes":[{"label":"Pooled investment vehicles","clients":49,"regulatoryAum":8119052145},{"label":"Pension and profit-sharing plans","clients":1,"regulatoryAum":443731955},{"label":"Charitable organizations","clients":1,"regulatoryAum":543908758},{"label":"State or municipal government entities","clients":1,"regulatoryAum":1105349312}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Northern Trust Corporation","shortName":"Northern Trust","location":"Chicago, IL","smaAssets":1649258070},{"name":"State Street Global Markets, LLC","shortName":"State Street Global Markets","location":"Boston, MA","smaAssets":443731955}],"custodyNote":"Franklin Park Associates has custody of $443.7M for 1 clients.","otherCustodians":[],"leadership":[{"name":"Bradley Atkins","title":"Managing Member/Chief Executive Officer","crd":"4560775"},{"name":"Kristine O'Connor","title":"Chief Financial Officer","crd":"5475089"},{"name":"Karl Hartmann","title":"Managing Member/Chief Operating Officer","crd":"4656996"},{"name":"Laure Brasch","title":"Managing Director, Chief Compliance Officer","crd":"4565420"},{"name":"Michael Bacine","title":"Managing Member/Managing Director","crd":"2625051"},{"name":"Ritujoy Chowdhury","title":"Member/Managing Director","crd":"4657001"},{"name":"James McGovern","title":"Managing Member/Managing Director","crd":"2397181"}],"ownership":[{"label":"Bradley Atkins","detail":"Managing member/chief executive officer in the 25% to 50% ownership band and a control person, since April 2003."},{"label":"James McGovern","detail":"Managing member/managing director in the 10% to 25% ownership band and a control person, since April 2003."},{"label":"Michael Bacine","detail":"Managing member/managing director in the 10% to 25% ownership band and a control person, since April 2003."},{"label":"Karl Hartmann","detail":"Managing member/chief operating officer in the 10% to 25% ownership band and a control person, since April 2003."},{"label":"Ritujoy Chowdhury","detail":"Member/managing director in the 5% to 10% ownership band, since March 2005."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Pennsylvania","offices":1,"addresses":[{"street":"Three Bala Plaza, Suite 500 West","city":"Bala Cynwyd","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"610-822-0500","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":100}],"privateFunds":49},"sources":{"adv1FilingDate":"20 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/126508/PDF/126508.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Franklin Park Associates have?","answer":"Franklin Park Associates has 52 clients and manages $10.2 billion for them, as of March 2026. They include 49 pooled investment vehicles, 1 pension and profit-sharing plans and 1 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Franklin Park Associates offer?","answer":"Franklin Park Associates provides portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers.","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 Franklin Park Associates use?","answer":"Franklin Park Associates’ separately managed account assets are held at Northern Trust Corporation (Chicago, IL), with $1,649,258,070 and State Street Global Markets, LLC (Boston, MA), with $443,731,955. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Franklin Park Associates have?","answer":"Franklin Park Associates has 0 investment adviser representatives registered with state securities authorities, out of 29 employees, and 29 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Franklin Park Associates invest in?","answer":"At the end of its last fiscal year, Franklin Park Associates’ separately managed accounts held 100% pooled vehicles (private funds and similar). It advises 49 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 Franklin Park Associates?","answer":"Franklin Park Associates’ direct owners are Bradley Atkins, James McGovern, Michael Bacine, Karl Hartmann and Ritujoy Chowdhury, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Franklin Park Associates get paid?","answer":"Franklin Park Associates is paid through a percentage of assets under management, fixed fees 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","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."}