Legg Mason Partners Fund Advisor, LLC (New York)

Legg Mason Partners Fund Advisor, LLC is a large advisory firm based in New York. It manages $156.35 billion of regulatory assets for 141 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Connecticut, Florida, and New York.

Legg Mason Partners Fund Advisor provides portfolio management for investment companies, portfolio management for businesses and institutional clients, 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.

Legg Mason Partners Fund Advisor: assets under management

The assets under management (AUM) of Legg Mason Partners Fund Advisor, LLC is $156.35 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and $39.62 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $156.35 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.11 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Legg Mason Partners Fund Advisor, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Legg Mason Partners Fund Advisor serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Legg Mason Partners Fund Advisor is investment companies with 136 clients and $116.74 billion of assets under management. Among the 10 most similar advisory firms, Legg Mason Partners Fund Advisor has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $156.35 billion for 141 clients. 4% of the firm’s clients are foreign persons or businesses.

Legg Mason Partners Fund Advisor doesn't advise any private funds.

Careers at Legg Mason Partners Fund Advisor, LLC

The company employs 12 people that are either part- or full-time employees. No employees work as investment advisers or researchers. 6 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Christopher Mandia	Secretary	1 Apr 2006	Other	4757118
Inc. Legg Mason	Sole member of applicant	1 Apr 2006	75% - 100%	20-3171699
Jeanne Marie Kelly	Senior vice president	1 Apr 2006	Other	5069959
Peter Lanning Bain	Manager	1 Apr 2006	Other	4221890
Mark Raymond Fetting	Manager	1 Apr 2006	Other	733409
Timothy Charles Scheve	Manager	1 Apr 2006	Other	1319072
Terrence James Murphy	Chief financial officer	1 Apr 2006	Other	5007121
Robert Jay Gerken	President and chief executive officer	1 Apr 2006	Other	1340228
Robert Blair Shepler	Senior vice president	1 Apr 2006	Other	4032042
Andrew Brian Shoup	Senior executive officer	1 Apr 2006	Other	2034498
Ted P Becker	Chief compliance officer	1 May 2006	Other	1745578
Theodore Paul Becker	Chief compliance officer	1 May 2006	Other	1745578
Rocco Angelo Delguercio	Chief financial officer	1 Feb 2007	Other	1616959
Charles James Daley	Manager	1 Jul 2007	Other	1808224
David R. Odenath	Manager	1 Apr 2009	Other	5164773
David Roehner Odenath	Manager	1 Apr 2009	Other	872856
Amy Mitola Olmert	Manager	1 Mar 2011	Other	2928970
Peter Hamilton Nachtwey	Manager	1 Mar 2011	Other	5512176
Kenneth Donald Fuller	Senior vice president	1 Oct 2012	Other	6117529
Kenneth Donald Fuller	President and chief executive officer	1 Jun 2013	Other	6117529
Jane Elizabeth Trust	Senior vice president	1 Apr 2015	Other	1766257
Jane Elizabeth Trust	President and chief executive officer	1 Aug 2015	Other	1766257

Based in New York

The principal office where Legg Mason Partners Fund Advisor, LLC performs its advisory services is located at 620 Eighth Avenue 49 Th Floor, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-805-6016 or by fax 877-859-4112. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday.