Franklin Advisory Services, LLC (San Mateo)

Name: Franklin Advisory Services, LLC
Address: One Franklin Parkway, San Mateo, CA, 94403
Telephone: 973-912-2000

Franklin Advisory Services, LLC is a large advisory firm based in San Mateo. It manages $5.95 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Franklin Advisory Services provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Franklin Advisory Services: assets under management

The assets under management (AUM) of Franklin Advisory Services, LLC is $5.95 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 208% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.95 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $849.49 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Franklin Advisory Services, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Jennings Lippman serves?

The only and largest group of clients of William Jennings Lippman is investment companies with 4 clients and $5.3 billion of assets under management. Among the 10 most similar advisory firms, Franklin Advisory Services has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $5.3 billion for 4 clients. None of the firm’s clients are foreign persons or businesses.

Franklin Advisory Services doesn't advise any private funds.

Careers at Franklin Advisory Services, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Jennings Lippman has been acting as President since 1 Apr 1999. Donald Gregory Taylor joined the executive team most recently as the President And Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Franklin/Templeton Distributors	Parent corporation	1 Apr 1999	75% - 100%	13-5599989
William Jennings Lippman	President	1 Apr 1999	Other	310520
Rupert Harris Johnson	Senior vice president	1 Apr 1999	Other	1106669
Bruce Clark Baughman	Senior vice president	1 Apr 1999	Other	1260075
Donald Gregory Taylor	Senior vice president	1 Apr 1999	Other	1051977
Martin Lawrence Flanagan	Chief financial officer	1 Apr 1999	Other	2111957
David Harrison Lui	Chief compliance officer	1 Jun 2004	Other	2271801
James Robert Baio	Sr. vice president & cfo	1 Jan 2005	Other	2336447
Timothy Steven Stearns	Chief compliance officer	1 Feb 2005	Other	1327230
Monica Waifong Poon	Chief compliance officer	1 Sep 2005	Other	1590156
Shelly Marie Painter	Treasurer	1 Aug 2006	Other	2296227
Craig Steven Tyle	Chief legal officer	1 Dec 2006	Other	5026433
Madison Sterling Gulley	Executive vice president	1 Dec 2006	Other	1862155
Mark Lecho Constant	Treasurer	1 Oct 2007	Other	2164003
Breda Mary Beckerle	Chief compliance officer	1 Dec 2007	Other	1078762
Donald Gregory Taylor	President and chief investment officer	1 Nov 2013	Other	1051977
Margaret Mcgee	Chief administrative officer	1 Nov 2013	Other	1284275

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Franklin Resources	Parent corporation of ftdi: 100%	1 Apr 1999	75% - 100%	13-2670991

Based in San Mateo

The principal office where Franklin Advisory Services, LLC performs its advisory services is located at One Franklin Parkway, San Mateo, CA 94403, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-912-2000 or by fax 973-921-8655. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at franklintempleton.com/.