Asset manager · SAN Mateo, CA
Franklin Advisers, Inc.
SEC-registered investment adviser · CRD 104517 · SEC 801-26292
At a glance
Franklin Advisers, Inc. is an SEC-registered investment adviser based in SAN Mateo, California, with $509.5 billion in regulatory assets under management as of its Form ADV filed September 16, 2026. Its largest client group by assets is investment companies, and it reports 23,023 individual clients. By Form ADV it is a asset manager, ranked 32nd of 3,218 asset managers and 47th of 17,210 SEC-registered advisers by assets.
Main office 650-312-3000franklintempleton.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $509B
- Rank among asset managers
- #32 of 3,218
- Rank among all SEC RIAs
- #47 of 17,210
- Rank in California
- #5 of 1,873
- Individual clients
- 23,023
- High-net-worth clients
- 382
- Accounts
- 25,018
- Discretionary
- 99% of AUM
- Employees
- 384
- Advisory staff
- 272
- Offices
- 7
Owners and executives on its Form ADV
- Rupert H. JohnsonDirector
- Michael J. HasenstabExecutive Vice President
- Edward D. PerksPresident and Director
- Michael P. McCarthyExecutive Vice President and Portfolio Manager
- Stephen H. DoverExecutive Vice President and Director
- Roger A. BaystonExecutive Vice President
- Sonal DesaiExecutive Vice President and Director
- Lindsey H. OshitaChief Financial Officer
- Adam J. PetrykExecutive Vice President
- Thomas C. MerchantChief Legal Officer
- Bjorn A. DavisChief Compliance Officer
- Leeor P. AvigdorTreasurer
Custody and brokerage
Broker-dealer
Hybrid RIA
Franklin Advisers, Inc. is a hybrid RIA: 64 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Clarion Partners Emea Limited, Clarion Partners Europe (u.k.) Limited, Clarion Partners Securities, LLC, Clarion Partners, LLC, Franklin Distributors, LLC, Franklin Templeton International Services S.a R.L., Franklin Templeton Investments (asia) Limited, Franklin Templeton Investments Corp., Goldberry Wealth Gmbh, Royce Fund Services, LLC and Templeton Asset Management LTD..
- Clarion Partners Emea Limited
- Clarion Partners Europe (u.k.) Limited ↗CRD 322463
- Clarion Partners Securities, LLC ↗CRD 166384
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, November 2025
- Clarion Partners, LLC ↗CRD 108803
- Franklin Distributors, LLC ↗CRD 109064
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, December 2025
- Franklin Templeton International Services S.a R.L. ↗CRD 172140
- Franklin Templeton Investments (asia) Limited ↗CRD 114898
- Franklin Templeton Investments Corp. ↗CRD 111364
- Goldberry Wealth Gmbh
- Royce Fund Services, LLC ↗CRD 14470
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, December 2025
- Templeton Asset Management LTD. ↗CRD 111382
Its Form ADV brochure (filed September 2026) names Franklin Advisers as the broker-dealer its advisers are registered with.
OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS OF FAV Related Broker-Dealers One or more of FAV’s management persons are registered with FINRA as a registered representative of an affiliated broker-dealer of FAV.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 254 | $368B | 72% |
| Pooled investment vehicles | 263 | $98B | 19% |
| Individuals | 22,641 | $15B | 3% |
| Sovereign wealth funds and foreign official institutions | 20 | $8.6B | 2% |
| Pension and profit sharing plans | 255 | $6.0B | 1% |
| Insurance companies | 18 | $5.1B | 1% |
| High-net-worth individuals | 382 | $3.1B | <1% |
| Other investment advisers | 83 | $2.9B | <1% |
| Corporations or other businesses | 823 | $1.6B | <1% |
| Other | 223 | $487M | <1% |
| Charitable organizations | 139 | $465M | <1% |
| State or municipal government entities | 6 | $71M | <1% |
| Banking or thrift institutions | 13 | $21M | <1% |
Private funds
Franklin Advisers, Inc. reports 73 private funds with $7.2B in gross assets: hedge funds, private equity funds, liquidity funds, securitized asset funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Franklin Advisers, Inc. answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗franklintempleton.com ↗
AtlasMembers
The full record on Franklin Advisers, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 70 peers of its type and size
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- Owners and executives, with titles and stakes
- 15 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 7Locked
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Background
Questions
How much does Franklin Advisers, Inc. manage?
Franklin Advisers, Inc. reports $509.5 billion in regulatory assets under management across 25,018 accounts, 99% of it on a discretionary basis, on its Form ADV filed September 16, 2026.
What kind of firm is Franklin Advisers, Inc.?
Franklin Advisers, Inc. is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Franklin Advisers, Inc.’s clients?
By assets, its largest client types are investment companies ($368.1 billion, 254 clients); pooled investment vehicles ($98.2 billion, 263 clients); individuals ($14.8 billion, 22,641 clients).
Does Franklin Advisers, Inc. manage private funds?
Yes. It reports 73 private funds with $7.2 billion in gross assets, including hedge funds, private equity funds, liquidity funds, securitized asset funds, other private funds.
Does Franklin Advisers, Inc. have any disciplinary history?
Franklin Advisers, Inc. answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Franklin Advisers, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-16), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →