DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Western Asset Management Company
Legal name Western Asset Management Company, LLC
Latest filing Sep 16, 2026
First filing on the tape Mar 30, 2012 · 63 filings
SEC status approved since Dec 17, 1971
RAUM
$185B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
4.4%
$8.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
137
82 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
63 filings and snapshots on the tape
RAUM$185B as of Jun 29, 2026
Jun 29, 2012$343B then
HNW client RAUM$750M as of Jun 29, 2026
Jun 26, 2018$2.5B then
State-registered IARs (5.B.3)1 as of Jun 29, 2026
Jun 28, 20131 then
Employees (5.A)137 as of Jun 29, 2026
Jun 28, 2013654 then
Private funds33 as of Jun 29, 2026
Jun 29, 201240 then
RAUM -38% over the last fiscal year-17% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
Archetypes, each a printed rule
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $185BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 30,418derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.2MderivedHNW RAUM over HNW clients
- Average account
- $5.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 32%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 137.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -38%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -12%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $9.7B, 161 clientsreportedItem 9.A
- Ownership
- controlled by a public reporting companyderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- controlled by a public reporting company (10.A)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$82B44%
- Pooled investment vehicles$28B15%
- Insurance companies$25B14%
- State and municipal entities$12B6.3%
- Pension and profit-sharing plans$9.9B5.3%
- Individuals$7.3B4.0%
- Sovereign wealth funds$6.9B3.7%
- Corporations and businesses$5.6B3.1%
- Charitable organizations$5.3B2.8%
- Other investment advisers$2.4B1.3%
- High-net-worth individuals$750M0.4%
- Banks and thrifts$1.1M0.0%
- Individual clients
- 30,187reported
- HNW clients
- 231reported
- Pension plan clients
- 451reported
- Charitable clients
- 292reported
- Accounts
- 31,897reported
- Financial planning clients
- n/areported
- Wrap fee programs
- $0 sponsored, $21B managedreported
- Custody of client assets
- $9.7B for 161 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.04 fund_share=0.61 institutional_share=0.32 related_bd=true related_bank=true bd_reps=42.0 bank_owner=falsederived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
81 reported on Schedule D 7.B.(1)
All funds of Western Asset Management Company
Owners and control persons
Schedule A and B, latest filing
- Nmn Marzo Bernardi · Director Of Client Service And Marketingcontrolsince 05/2015 · owns less than 5%
- Carlton Michael Buchanan · Director And Chief Investment Officercontrolsince 09/2023 · owns less than 5%
- Sue Connie Fischer · Director Of Portfolio Operationscontrolsince 02/2023 · owns less than 5%
- James Thomas Gahan · President And Chief Executive Officercontrolsince 12/2024 · owns less than 5%
- Everett Daniel Giddings · Global Chief Compliance Officercontrolsince 03/2023 · owns less than 5%
- William James Hirschmann · Chairmancontrolsince 12/2024 · owns less than 5%
- Ann Courtney Hoffmann · General Counsel And Secretarycontrolsince 07/2022 · owns less than 5%
- Morrow Jennifer Johnson · Non-Employee Directorcontrolsince 07/2020 · owns less than 5%
- Matthew Nicholls · Non-Employee Directorcontrolsince 07/2020 · owns less than 5%
- Andrew Jed Plafker · Non-Employee Directorcontrolsince 07/2020 · owns less than 5%
Entity owners
- Legg Mason, Inc. · Sole Shareholder Of Applicantdirect · owns 75% or more
- Franklin Resources, Inc. · Sole Shareholder Of Legg Mason, Inc.indirect · owns 75% or more of Legg Mason, Inc. · public reporting company
Related persons
Schedule D 7.A
- Franklin Distributors, LLCbroker-dealern
- Franklin Templeton Fund Adviser, LLCinvestment adviserbanknRAUM $167B
- Franklin Templeton International Services S.A R.L.broker-dealerinvestment adviserbankn
- Franklin Templeton Japan Co., Ltd.investment advisern
- Franklin Templeton Private Portfolio Group, LLCinvestment advisernRAUM $140B
- K2/D&S Management Co., L.L.C.investment adviserbanknRAUM $6.5B
- Western Asset Management Company Distribuidora De Titulos E Valoinvestment advisern
- Western Asset Management Company Limitedinvestment advisernRAUM $20B
- Western Asset Management Company Ltdinvestment advisernRAUM $2.6B
- Western Asset Management Company Pte Ltdinvestment advisernRAUM $2.8B
- Western Asset Management Company Pty Ltdinvestment advisern
Advisers that list Western Asset Management Company as a related person
Offices
Schedule D 1.F, the 25 largest
- New York, NY18 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- employee count dropChange between filings · filing Feb 27, 2026employees (Item 5.A) moved from 471.0 to 137.0 (-71.0%) between the annual amendments of 2025-02-26 and 2026-02-27; the peer median change was +3.0% (462 comparable advisers, 1.0th percentile of changes)peers: asset managers, $20B and over (462) · 0.7% percentile
- institutional asset share shiftChange between filings · filing Feb 27, 2026institutional share of RAUM moved from 53.0% to 36.0% between the annual amendments of 2025-02-26 and 2026-02-27peers: asset managers, $20B and over (512)
- RAUM down 25 %Change between filings · filing Feb 27, 2026RAUM (Item 5.F) moved from $298,749,800,684 to $184,988,342,421 (-38.0%) between the annual amendments of 2025-02-26 and 2026-02-27; the peer median change was +15.0% (471 comparable advisers, 0.0th percentile of changes)peers: asset managers, $20B and over (471) · 0.4% percentile
What changed
consecutive filings, newest first
- Financial planning clients · to unsetJun 29, 2026 to Sep 16, 2026
- Private funds · 33 to unsetJun 29, 2026 to Sep 16, 2026
- Succession · false to unsetJun 29, 2026 to Sep 16, 2026
- Private funds · 30 to 33Dec 12, 2025 to Feb 27, 2026
- Accounts · 36,775 to 31,897May 1, 2025 to Dec 12, 2025
- Advisory employees · 68 to 82May 1, 2025 to Dec 12, 2025
- BD registered reps · 47 to 42May 1, 2025 to Dec 12, 2025
- Charity clients · 504 to 292May 1, 2025 to Dec 12, 2025
- Corporate clients · 824 to 583May 1, 2025 to Dec 12, 2025
- HNW clients · 143 to 231May 1, 2025 to Dec 12, 2025
- Individual clients · 34,383 to 30,187May 1, 2025 to Dec 12, 2025
- Pension plan clients · 652 to 451May 1, 2025 to Dec 12, 2025
- Pooled vehicle clients · 77 to 48May 1, 2025 to Dec 12, 2025
- Employees · 471 to 137May 1, 2025 to Dec 12, 2025
- Private funds · 47 to 30May 1, 2025 to Dec 12, 2025
- Discretionary RAUM · $294B to $181BMay 1, 2025 to Dec 12, 2025
- HNW RAUM · $879M to $750MMay 1, 2025 to Dec 12, 2025
- Individual RAUM · $9.8B to $7.3BMay 1, 2025 to Dec 12, 2025
- Non-discretionary RAUM · $4.5B to $3.6BMay 1, 2025 to Dec 12, 2025
- Pension RAUM · $34B to $9.9BMay 1, 2025 to Dec 12, 2025
- Pooled vehicle RAUM · $35B to $28BMay 1, 2025 to Dec 12, 2025
- RAUM · $299B to $185BMay 1, 2025 to Dec 12, 2025
- Financial planning clients · unset to Feb 26, 2025 to May 1, 2025
- Private funds · 45 to 47Dec 23, 2024 to Feb 26, 2025
- Accounts · 36,137 to 36,775Dec 20, 2023 to Dec 23, 2024
- Advisory employees · 114 to 68Dec 20, 2023 to Dec 23, 2024
- BD registered reps · 50 to 47Dec 20, 2023 to Dec 23, 2024
- Charity clients · 729 to 504Dec 20, 2023 to Dec 23, 2024
- Corporate clients · 1,031 to 824Dec 20, 2023 to Dec 23, 2024
- HNW clients · 934 to 143Dec 20, 2023 to Dec 23, 2024
- Individual clients · 32,294 to 34,383Dec 20, 2023 to Dec 23, 2024
- Pension plan clients · 849 to 652Dec 20, 2023 to Dec 23, 2024
- Pooled vehicle clients · 87 to 77Dec 20, 2023 to Dec 23, 2024
- Assets in custody · $12B to $9.7BDec 20, 2023 to Dec 23, 2024
- Employees · 563 to 471Dec 20, 2023 to Dec 23, 2024
- Private funds · 49 to 45Dec 20, 2023 to Dec 23, 2024
- Discretionary RAUM · $309B to $294BDec 20, 2023 to Dec 23, 2024
- HNW RAUM · $3.3B to $879MDec 20, 2023 to Dec 23, 2024
- Individual RAUM · $7.7B to $9.8BDec 20, 2023 to Dec 23, 2024
- Non-discretionary RAUM · $5.3B to $4.5BDec 20, 2023 to Dec 23, 2024
Signals
25 dated events
- Western Asset Management Company reported RAUM $185.0B, down 38% from $298.7B (2025-05-01 to 2025-12-12)Dec 12, 2025 · RAUM change · derived
- James Thomas Gahan (President And Chief Executive Officer) appeared on Schedule A of Western Asset Management CompanyDec 23, 2024 · Control person joined · fact
- Carlton Michael Buchanan (Director And Co-Chief Investment Officer) appeared on Schedule A of Western Asset Management CompanyDec 20, 2023 · Control person joined · fact
- John Andrew Bowden (Chief Operating Officer) no longer on Schedule A of Western Asset Management Company (listed 2023-06-01, absent 2023-12-20)Dec 20, 2023 · Control person left · inference
- Eileen Kim Stout (Chief Compliance Officer) no longer on Schedule A of Western Asset Management Company (listed 2022-12-22, absent 2023-04-25)Apr 25, 2023 · Control person left · inference
- Dennis Mcnamara (Director Of Portfolio Operations) no longer on Schedule A of Western Asset Management Company (listed 2023-04-25, absent 2023-04-25)Apr 25, 2023 · Control person left · inference
- Everett Daniel Giddings (Global Chief Compliance Officer) appeared on Schedule A of Western Asset Management CompanyApr 25, 2023 · Control person joined · fact
- Sue Connie Fischer (Director Of Portfolio Operations) appeared on Schedule A of Western Asset Management CompanyApr 25, 2023 · Control person joined · fact
- Eileen Kim Stout (Chief Compliance Officer) appeared on Schedule A of Western Asset Management CompanyJul 26, 2022 · Control person joined · fact
- Ann Courtney Hoffmann (General Counsel And Secretary) appeared on Schedule A of Western Asset Management CompanyJul 26, 2022 · Control person joined · fact
- Kevin Ehrlich (Chief Compliance Officer) no longer on Schedule A of Western Asset Management Company (listed 2021-12-21, absent 2022-07-26)Jul 26, 2022 · Control person left · inference
- Antony Charles Ruys De Perez (General Counsel And Secretary) no longer on Schedule A of Western Asset Management Company (listed 2021-12-21, absent 2022-07-26)Jul 26, 2022 · Control person left · inference
- Jennifer Williams Murphy (Director And Senior Advisor) no longer on Schedule A of Western Asset Management Company (listed 2021-12-21, absent 2022-07-26)Jul 26, 2022 · Control person left · inference
- John Andrew Bowden (Chief Operating Officer) appeared on Schedule A of Western Asset Management CompanyAug 3, 2021 · Control person joined · fact
- Hamilton Peter Nachtwey (Non-Employee Director) no longer on Schedule A of Western Asset Management Company (listed 2020-06-26, absent 2020-08-07)Aug 7, 2020 · Control person left · inference
- Clifton Thomas Merchant (Non-Employee Director) no longer on Schedule A of Western Asset Management Company (listed 2020-06-26, absent 2020-08-07)Aug 7, 2020 · Control person left · inference
- Elizabeth Jane Trust (Non-Employee Director) no longer on Schedule A of Western Asset Management Company (listed 2020-06-26, absent 2020-08-07)Aug 7, 2020 · Control person left · inference
- Morrow Jennifer Johnson (Non-Employee Director) appeared on Schedule A of Western Asset Management CompanyAug 7, 2020 · Control person joined · fact
- Matthew Nicholls (Non-Employee Director) appeared on Schedule A of Western Asset Management CompanyAug 7, 2020 · Control person joined · fact
- Andrew Jed Plafker (Non-Employee Director) appeared on Schedule A of Western Asset Management CompanyAug 7, 2020 · Control person joined · fact
- Elizabeth Jane Trust (Non-Employee Director) appeared on Schedule A of Western Asset Management CompanyJun 26, 2020 · Control person joined · fact
- Daniel Bruce Alberts (Chief Financial Officer) no longer on Schedule A of Western Asset Management Company (listed 2020-05-26, absent 2020-06-26)Jun 26, 2020 · Control person left · inference
- Duff John Kenney (Non-Employee Director) no longer on Schedule A of Western Asset Management Company (listed 2020-05-26, absent 2020-06-26)Jun 26, 2020 · Control person left · inference
- Western Asset Management Company reported succeeding to the business of Another Adviser (Form ADV Item 4)Jun 26, 2018 · Succession (Item 4) · fact
- Western Asset Management Company reported RAUM $348.0B, up 55% from $225.2B (2017-07-11 to 2018-06-26)Jun 26, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Western Asset Management Company · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/western-asset-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- westernasset.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 626-844-9400reportedpublic record, Form ADV, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026