Franklin Park Associates, LLC (Bala Cynwyd)

Name: Franklin Park Associates, LLC
Address: Three Bala Plaza, Bala Cynwyd, PA, 19004
Telephone: 610-822-0500

Franklin Park Associates, LLC is a large advisory firm based in Bala Cynwyd. It manages $14.28 billion of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Massachusetts and New York.

Franklin Park Associates provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. 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 Park Associates: assets under management

The assets under management (AUM) of Franklin Park Associates, LLC is $14.28 billion. The firm's AUM has grown by 367% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.38 billion in discretionary accounts and $9.89 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $136.98 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $824.42 million.

Franklin Park Associates has custody of $458.33 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 96% of the total AUM. The second-largest asset type is other assets, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Franklin Park Associates, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 Franklin Park Associates serves?

The firm provides services to charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Franklin Park Associates is state or municipal government entities with 7 clients and $6.58 billion of assets under management. Among the 6 most similar advisory firms, Franklin Park Associates has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $14.28 billion for 45 clients. None of the firm’s clients are foreign persons or businesses.

Franklin Park Associates also advises several private funds. Namely, seventeen private equity funds and thirteen venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $15,000,000.

Careers at Franklin Park Associates, LLC

The company employs 25 people that are either part- or full-time employees. 92 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Katherine Marie Carlson joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Karl J Hartmann	Chief operating officer	1 Apr 2003	Other	4656996
Bradley Theodore Atkins	Chief executive officer	1 Apr 2003	25% - 50%	4560775
James Bernard Mcgovern	Managing director	1 Apr 2003	Other	2397181
Michael D Bacine	Managing director	1 Apr 2003	Other	2625051
Neil Mowery	Managing director	1 Apr 2003	Other	4657003
Ritujoy Chowdhury	Associate	1 Apr 2003	Other	4657001
Ritujoy Chowdhury	Managing director	1 Mar 2005	Other	4657001
Kristine Ann Loftus O'connor	Chief financial officer	1 Jan 2008	Other	5475089
Laure A. Brasch	Managing director	1 Dec 2008	Other	4565420
Raymond Thomas Jackson	Managing director	1 Aug 2012	Other	3169833
John Mahony	Managing director	1 Dec 2013	Other	6309292
Katherine Marie Carlson	Managing director	1 Dec 2014	Other	4156550

Based in Bala Cynwyd

The principal office where Franklin Park Associates, LLC performs its advisory services is located at Three Bala Plaza, Bala Cynwyd, PA 19004, 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 610-822-0500 or by fax 610-822-0499. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at franklinparkllc.com.