Metropolitan West Asset Management: AUM & Ownership

Clients

Metropolitan West Asset Management serves 91 clients, 40 of them pooled investment vehicles. The average client has about $863 million with the firm, and high-net-worth clients hold 0% of its $78.5 billion in assets.

Regulatory assets by client type

Investment companies8 clients70%
Pooled investment vehicles40 clients11%
Charitable organizations13 clients6%
State or municipal government entities14 clients8%
Insurance companies9 clients2%
OtherCorporations and other businesses, High-net-worth individuals, Sovereign wealth funds and foreign official institutions3%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
High-net-worth individuals	1	$69,438,257	0.1%	$69.4M
Investment companies	8	$54,759,246,097	69.7%	$6.84B
Pooled investment vehicles	40	$8,507,371,806	10.8%	$212.7M
Charitable organizations	13	$4,652,418,585	5.9%	$357.9M
State or municipal government entities	14	$6,450,307,856	8.2%	$460.7M
Insurance companies	9	$1,933,801,486	2.5%	$214.9M
Sovereign wealth funds and foreign official institutions	2	$287,106,641	0.4%	$143.6M
Corporations and other businesses	4	$1,865,125,051	2.4%	$466.3M
Total	91	$78,524,815,779	100%	$862.9M

High-net-worth individuals

Clients: 1
Regulatory AUM: $69,438,257
Share: 0.1%
Avg. per client: $69.4M

Investment companies

Clients: 8
Regulatory AUM: $54,759,246,097
Share: 69.7%
Avg. per client: $6.84B

Pooled investment vehicles

Clients: 40
Regulatory AUM: $8,507,371,806
Share: 10.8%
Avg. per client: $212.7M

Charitable organizations

Clients: 13
Regulatory AUM: $4,652,418,585
Share: 5.9%
Avg. per client: $357.9M

State or municipal government entities

Clients: 14
Regulatory AUM: $6,450,307,856
Share: 8.2%
Avg. per client: $460.7M

Insurance companies

Clients: 9
Regulatory AUM: $1,933,801,486
Share: 2.5%
Avg. per client: $214.9M

Sovereign wealth funds and foreign official institutions

Clients: 2
Regulatory AUM: $287,106,641
Share: 0.4%
Avg. per client: $143.6M

Corporations and other businesses

Clients: 4
Regulatory AUM: $1,865,125,051
Share: 2.4%
Avg. per client: $466.3M

Total

Clients: 91
Regulatory AUM: $78,524,815,779
Share: 100%
Avg. per client: $862.9M

What it does

Metropolitan West Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions and other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.

Metropolitan West Asset Management advises no private funds.

Nearly all assets ($78.52B across 105 accounts) are managed with discretion; $203K across 2 accounts are not. $81.7M sits in a wrap fee program the firm both sponsors and manages. 3% of clients are outside the U.S., and 0 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 106%. The values below are shown as filed.

U.S. government/agency bonds: 36%
U.S. state and local bonds: 1%
Investment grade corporate bonds: 18%
Non-investment grade corporate bonds: 1%
Securities issued by registered investment companies or business development companies: 7%
Other (Abs, MBS, Or Muni Trades.): 43%

Custodians

Metropolitan West Asset Management’s client accounts are held mainly at The Northern Trust, with 13% of managed assets, and The Bank of New York Mellon, with 6%. Metropolitan West Asset Management does not have custody of client assets.

Managed account assets by custodian

The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $5.10B6%
The Northern TrustThe Northern Trust Company · Chicago, IL · $9.99B13%
State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $3.26B4%
All other custodians$60.17B77%

Ownership and leadership

TCW Asset Management Company LLC owns 75% or more of Metropolitan West Asset Management, and Kathryn Koch is its CEO.

Who owns the firm

Metropolitan West Asset Management LLC· the adviser

TCW Asset Management Company LLC
Control person · since April 2014
Owns 75% or more of Metropolitan West Asset Management LLC
Clipper Acquisitions Corp.
Control person · since February 2013
Owns 75% or more of Metropolitan West Asset Management LLC
- Clipper Intermediate Corp.
  Control person · since July 2012
  Owns 75% or more of Clipper Acquisitions Corp.
  - Clipper Holding, L.P.
    Control person · since July 2012
    Owns 75% or more of Clipper Intermediate Corp.
    - Nippon Life Americas, Inc.
      Control person · since December 2017
      Owns 50% to 75% of Clipper Holding, L.P.
      - Nippon Life Insurance Company
        Control person · since April 2013
        Owns 75% or more of Nippon Life Americas, Inc.
    - Clipper GP, L.L.C.
      General partner · Control person · since July 2012
TCW Group, Inc.
Control person · since May 1970
Owns 75% or more of Metropolitan West Asset Management LLC

Leadership

Kathryn Koch
President and Chief Executive Officer, Elected Manager
Andrew Bowden
Manager, Executive Vice President, General Counsel, Secretary, Elected Manager
Jessica Kung
Executive Vice President, Chief Human Resources Officer, Elected Manager
Melissa Stolfi
Executive Vice President, Global Chief Operating Officer, Elected Manager
Richard Villa
Manager, Executive Vice President, Chief Financial Officer, Elected Manager
Kathryn Jones
Global Chief Compliance Officer
Marc Stern
Chairman, Elected Manager
Bryan Whalen
Chief Investment Officer, Group Managing Director, Elected Manager

Staff

377 employees
86 in advisory functions
20 state-registered reps
78 broker-dealer reps
1 soliciting firm

Fees

Metropolitan West Asset Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Metropolitan West Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Metropolitan West Asset Management has 2 offices, with 2 listed addresses across 2 states.

Listed office addresses by state

California · 1 listed address

515 South Flower Street, Los AngelesHQ

Other business names

Metropolitan West Asset Management has reported 2 other business names to the SEC.

Metwest
Mwam

Registration details

Legal name: Metropolitan West Asset Management LLC
Headquarters: 515 South Flower Street, Los Angeles, CA 90071
Phone: 213-244-0000
Website: Not reported
SEC file: 801-53332
Structure: California LLC
Fiscal year end: December

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 Metropolitan West Asset Management have?

Metropolitan West Asset Management has 91 clients and manages $78.5 billion for them, as of May 2026. They include 40 pooled investment vehicles, 14 state or municipal government entities and 13 charitable organizations.

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

What services does Metropolitan West Asset Management offer?

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

Which custodians does Metropolitan West Asset Management use?

Metropolitan West Asset Management’s separately managed account assets are held at The Northern Trust Company (Chicago, IL), with $9,988,232,821, The Bank of New York Mellon (New York, NY), with $5,100,389,554 and State Street Bank and Trust Company (Boston, MA), with $3,264,986,057. Only custodians holding at least a tenth of those assets are named.

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

How many financial advisors does Metropolitan West Asset Management have?

Metropolitan West Asset Management has 20 investment adviser representatives registered with state securities authorities, out of 377 employees, and 86 perform investment advisory functions. 78 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 Metropolitan West Asset Management invest in?

At the end of its last fiscal year, Metropolitan West Asset Management’s separately managed accounts held 43% abs, mbs, or muni trades., 36% U.S. government and agency bonds, 18% investment grade corporate bonds, 7% registered funds (mutual funds, ETFs, BDCs), 1% state and local bonds and 1% high-yield corporate bonds. 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 Metropolitan West Asset Management?

Metropolitan West Asset Management is owned through a chain of holding companies by Nippon Life Insurance Company. Its direct owners are TCW Asset Management Company LLC (75% or more), Clipper Acquisitions Corp. (75% or more) and TCW Group, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 5 May 2026

How does Metropolitan West Asset Management get paid?

Metropolitan West Asset Management 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