{"url":"https://nivawealth.com/firms/western-asset-management-110441","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110441","regulatoryAum":184988342421,"crd":"110441","secFileNumber":"801-8162","legalName":"Western Asset Management Company, LLC","displayName":"Western Asset Management","website":"http://www.westernasset.com/","founded":null,"organization":"California limited liability company","fiscalYearEnd":"September","headquarters":{"street":"385 E. Colorado BLVD.","city":"Pasadena","state":"CA","stateName":"California","country":"United States","postalCode":"91101"},"tradeNames":["Western Asset Management Company LLC"],"registration":{"secApproved":"17 December 1971","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":137,"advisory":82,"brokerDealerReps":42,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":181382183532,"discretionaryAccounts":31895,"nonDiscretionary":3606158889,"nonDiscretionaryAccounts":2,"wrapProgram":20638476009,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":30187,"regulatoryAum":7336146232},{"label":"High-net-worth individuals","clients":231,"regulatoryAum":749586296},{"label":"Banking or thrift institutions","clients":2,"regulatoryAum":1139275},{"label":"Investment companies","clients":57,"regulatoryAum":82053361725},{"label":"Pooled investment vehicles","clients":48,"regulatoryAum":27644021755},{"label":"Pension and profit-sharing plans","clients":451,"regulatoryAum":9860549302},{"label":"Charitable organizations","clients":292,"regulatoryAum":5255909500},{"label":"State or municipal government entities","clients":21,"regulatoryAum":11644840664},{"label":"Other investment advisers","clients":2,"regulatoryAum":2422148890},{"label":"Insurance companies","clients":20,"regulatoryAum":25488334450},{"label":"Sovereign wealth funds and foreign official institutions","clients":3,"regulatoryAum":6886381091},{"label":"Corporations and other businesses","clients":583,"regulatoryAum":5645923241}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Bank of New York","shortName":"Bank of New York","location":"New York, NY","smaAssets":104365000}],"custodyNote":"Western Asset Management has custody of $9.66B for 161 clients.","otherCustodians":[],"leadership":[{"name":"Kim Stout","title":"Chief Compliance Officer","crd":"1334964"},{"name":"Michael Buchanan","title":"Director and Chief Investment Officer","crd":"3084703"},{"name":"Connie Fischer","title":"Director of Portfolio Operations","crd":"2102624"},{"name":"Courtney Hoffmann","title":"General Counsel and Secretary","crd":"7605606"},{"name":"Jennifer Johnson","title":"Non-Employee Director","crd":"1712844"},{"name":"Jeffrey Masom","title":"Head-US Distribution & Global Wealth Management Alternatives","crd":"2870966"},{"name":"Matthew Nicholls","title":"Non-Employee Director","crd":"4707836"}],"ownership":[{"label":"Legg Mason, Inc.","detail":"Sole shareholder of applicant in the 75% or more ownership band and a control person, since December 1986."},{"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":"California","offices":1,"addresses":[{"street":"385 E. Colorado BLVD.","city":"Pasadena","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"One Madison Avenue","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"626-844-9400","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"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"],"financialPlanningClients":null,"assetMix":[{"label":"U.S. government/agency bonds","percent":11},{"label":"U.S. state and local bonds","percent":5},{"label":"Sovereign bonds","percent":2},{"label":"Investment grade corporate bonds","percent":33},{"label":"Non-investment grade corporate bonds","percent":6},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":3},{"label":"Cash and cash equivalents","percent":22},{"label":"Other","percent":17,"detail":"Agency and Non-Agency Mortgage-Backed Securities and Preferred Securities"}],"privateFunds":33},"sources":{"adv1FilingDate":"16 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110441/PDF/110441.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Western Asset Management have?","answer":"Western Asset Management has 31,897 clients and manages $185 billion for them, as of September 2026. They include 30,187 other individuals, 583 corporations and other businesses and 451 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Western Asset Management offer?","answer":"Western Asset Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Western Asset Management use?","answer":"Western Asset Management’s separately managed account assets are held at Bank of New York (New York, NY), with $104,365,000. 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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Western Asset Management have?","answer":"Western Asset Management has 1 investment adviser representatives registered with state securities authorities, out of 137 employees, and 82 perform investment advisory functions. 42 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 Western Asset Management invest in?","answer":"At the end of its last fiscal year, Western Asset Management’s separately managed accounts held 33% investment grade corporate bonds, 22% cash and equivalents, 17% agency and non-agency mortgage-backed securities and preferred securities, 11% U.S. government and agency bonds, 6% high-yield corporate bonds, 5% state and local bonds, 3% pooled vehicles (private funds and similar), 2% sovereign bonds and 1% registered funds (mutual funds, ETFs, BDCs). It advises 33 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 Western Asset Management?","answer":"Western Asset 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 16 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Western Asset Management get paid?","answer":"Western Asset Management 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","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."}