Clients
Franklin Templeton Private Portfolio Group serves 179,738 clients, 174,985 of them other individuals. The average client has about $778,000 with the firm, and high-net-worth clients hold 2% of its $139.9 billion in assets.
- Individuals174,985 clients54%
- High-net-worth individuals920 clients2%
- Charitable organizations606 clients2%
- Other investment advisers124 clients37%
- Corporations and other businesses2,027 clients3%
- OtherBanking or thrift institutions, Pension and profit-sharing plans, State or municipal government entities, Insurance companies1%
What it does
Franklin Templeton Private Portfolio Group provides portfolio management for individuals and small businesses and portfolio management for institutions. It is paid through a percentage of assets.
Franklin Templeton Private Portfolio Group advises no private funds.
62.5% of assets ($87.43B across 179,668 accounts) are managed with discretion; $52.46B across 58 accounts are not. $132.35B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 3 clients received advice without assets under management last fiscal year.
Show the full tableHide the full table
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 174,985 | $75,711,034,365 | 54.1% | $433K |
| High-net-worth individuals | 920 | $3,087,028,509 | 2.2% | $3.36M |
| Banking or thrift institutions | 25 | $250,387,043 | 0.2% | $10.0M |
| Pension and profit-sharing plans | 1,030 | $696,064,153 | 0.5% | $676K |
| Charitable organizations | 606 | $3,103,822,274 | 2.2% | $5.12M |
| State or municipal government entities | 16 | $336,014,561 | 0.2% | $21.0M |
| Other investment advisers | 124 | $52,239,445,466 | 37.3% | $421.3M |
| Insurance companies | 5 | $3,296,895 | 0.0% | $659K |
| Corporations and other businesses | 2,027 | $4,457,672,158 | 3.2% | $2.20M |
| Total | 179,738 | $139,884,765,424 | 100% | $778K |
- Regulatory AUM
- $75,711,034,365
- Share
- 54.1%
- Avg. per client
- $433K
- Regulatory AUM
- $3,087,028,509
- Share
- 2.2%
- Avg. per client
- $3.36M
- Regulatory AUM
- $250,387,043
- Share
- 0.2%
- Avg. per client
- $10.0M
- Regulatory AUM
- $696,064,153
- Share
- 0.5%
- Avg. per client
- $676K
- Regulatory AUM
- $3,103,822,274
- Share
- 2.2%
- Avg. per client
- $5.12M
- Regulatory AUM
- $336,014,561
- Share
- 0.2%
- Avg. per client
- $21.0M
- Regulatory AUM
- $52,239,445,466
- Share
- 37.3%
- Avg. per client
- $421.3M
- Regulatory AUM
- $3,296,895
- Share
- 0.0%
- Avg. per client
- $659K
- Regulatory AUM
- $4,457,672,158
- Share
- 3.2%
- Avg. per client
- $2.20M
What the accounts hold
- Stocks72%
- Funds5%
- Bonds21%
- State and local bonds11%
- U.S. government and agency bonds5%
- Investment grade corporate bonds5%
- Cash2%
Custodians
Franklin Templeton Private Portfolio Group’s client accounts are held mainly at Morgan Stanley, with 35% of managed assets, and Merrill Lynch, Pierce, Fenner & Smith, with 13%. Franklin Templeton Private Portfolio Group does not have custody of client assets.
- Morgan StanleyMorgan Stanley Smith Barney LLC · New York, NY · $49.50B35%
- Merrill Lynch, Pierce, Fenner & SmithMerrill Lynch, Pierce, Fenner & Smith Incorporated · New York, NY · $18.30B13%
- UBS Financial ServicesUBS Financial Services Inc. · Weehawken, NJ · $16.74B12%
- All other custodians$55.35B40%
Ownership and leadership
Legg Mason, Inc. owns 75% or more of Franklin Templeton Private Portfolio Group, and Terrence Murphy is its CEO.
- Owns 75% or more of Franklin Templeton Private Portfolio Group, LLC
Legg Mason, Inc.
Control person · since October 2006
- Owns 75% or more of Legg Mason, Inc.
Franklin Templeton, Inc.
Control person · since July 2020
Leadership
- Terrence MurphyChief Executive Officer
- Daniel ChasanChief Operating Officer
- Brian MurphyChief Compliance Officer
- Jasna DolgovGeneral Counsel
- Terrence MurphyDirector
- Seok OhDirector
Staff
- 15 employees
- 2 in advisory functions
- 1 state-registered rep
- 7 broker-dealer reps
- 1 soliciting firm
Fees
Franklin Templeton Private Portfolio Group is paid through a percentage of assets under management.
Franklin Templeton Private Portfolio Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Franklin Templeton Private Portfolio Group has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- One Madison Avenue, 18th Floor, New YorkHQ
Registration details
- Legal name
- Franklin Templeton Private Portfolio Group, LLC
- Headquarters
- One Madison Avenue, 18th Floor, New York, NY 10010
- Phone
- 212-805-2000
- Website
- Not reported
- SEC file
- 801-67411
- 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 Franklin Templeton Private Portfolio Group have?
Franklin Templeton Private Portfolio Group has 179,738 clients and manages $139.9 billion for them, as of August 2026. They include 174,985 other individuals, 2,027 corporations and other businesses and 1,030 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 August 2026
What services does Franklin Templeton Private Portfolio Group offer?
Franklin Templeton Private Portfolio Group provides portfolio management for individuals and small businesses 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 Templeton Private Portfolio Group use?
Franklin Templeton Private Portfolio Group’s separately managed account assets are held at Morgan Stanley Smith Barney LLC (New York, NY), with $49,502,566,987, Merrill Lynch, Pierce, Fenner & Smith Incorporated (New York, NY), with $18,296,197,742 and UBS Financial Services Inc. (Weehawken, NJ), with $16,740,294,405. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 August 2026
How many financial advisors does Franklin Templeton Private Portfolio Group have?
Franklin Templeton Private Portfolio Group has 1 investment adviser representatives registered with state securities authorities, out of 15 employees, and 2 perform investment advisory functions. 7 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 Templeton Private Portfolio Group invest in?
At the end of its last fiscal year, Franklin Templeton Private Portfolio Group’s separately managed accounts held 72% exchange-traded equities, 11% state and local bonds, 5% U.S. government and agency bonds, 5% investment grade corporate bonds, 5% registered funds (mutual funds, ETFs, BDCs) and 2% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Franklin Templeton Private Portfolio Group?
Franklin Templeton Private Portfolio Group 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 28 August 2026
How does Franklin Templeton Private Portfolio Group get paid?
Franklin Templeton Private Portfolio Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file