Franklin Mutual Advisers, Llc
- Regulatory AUM
- $42.6B
- Discretionary
- $42.5B
- Clients
- 62
- Avg AUM / client
- $687M
- Accounts
- 68
- Employees
- 52
AUM over time
Annual snapshots from Form ADV filings · as of Dec 23, 2025
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 17 | $2.9B | 6.79% |
| Investment companies | 16 | $33.0B | 77.6% |
| Pooled investment vehicles (non-investment companies) | 29 | $6.5B | 15.2% |
| Charitable organizations | Fewer than 5 clients | $64.0M | 0.15% |
| Other investment advisers | Fewer than 5 clients | $111M | 0.26% |
| Corporations and other businesses | Fewer than 5 clients | $11.3M | 0.03% |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Correa, Christian, Kanan | President | Jul 2018 (8y) | Less than 5% | |
| Merchant, Thomas, Clifton | Chief Legal Officer | May 2022 (4y) | Less than 5% | |
| Davis, Bjorn, Anthony | Chief Compliance Officer | Feb 2023 (4y) | Less than 5% | |
| Avigdor, Leeor, Paul | Treasurer | May 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Franklin Resources, Inc. | Member | Jul 2021 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 12/23/2025 | 4.25 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: IN APRIL 2019, CERTAIN PORTFOLIOS MANAGED BY THE REGISTRANT SOLD SHARES OF INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP NORTH AMERICA, LLC TO GCM SPVMI, L.P. (THE "SALE"). FOLLOWING THE INITIATION OF A VERIFICATION PROCEDURE REGARDING THE SALE, COFECE DETERMINED THAT THE PARTIES FAILED TO COMPLY WITH THE FEDERAL ECONOMIC COMPETITION LAW ("LFCE") REQUIREMENT TO APPLY TO COFECE FOR APPROVAL OF THE SALE PRIOR TO ITS CONSUMMATION. Status: Final Sanction Detail: COFECE IMPOSED A CIVIL MONETARY FINE OF 1,734,917.66 MXN PESOS ON THE REGISTRANT FOR FAILING TO COMPLY WITH THE LFCE REQUIREMENT TO APPLY FOR APPROVAL OF THE SALE BY COFECE PRIOR TO ITS CONSUMMATION. THE REGISTRANT PAID USD 82,743, WHICH CONSTITUTES THE FULL FINE, ON MARCH 10, 2022. Summary: COFECE IMPOSED A FINE THAT HAS SINCE BEEN PAID IN FULL BY THE REGISTRANT, AS DESCRIBED ABOVE IN ITEM 12. THE FINE RELATES SOLELY TO COFECE'S DETERMINATION THAT THE REGISTRANT FAILED TO COMPLY WITH THE PRE-CONSUMMATION APPROVAL REQUIREMENTS AS DESCRIBED ABOVE IN ITEM 7. COFECE APPROVED THE SALE BASED ON ITS DETERMINATION THAT THE SALE DID NOT IMPOSE A RISK OF HARMING FREE COMPETITION AND OPEN ACCESS TO THE MARKETS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- State Street $568M (1% of AUM) Dec 2024
- J.P. Morgan $145M (0% of AUM) Dec 2024
- Charles Schwab & Co. $111M (0% of AUM) Dec 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Dec 23, 2025.
View current Form ADV (SEC/IAPD) ↗