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

Brandywine Global Investment Management, LLC

Other adviserPhiladelphia, PennsylvaniaCRD 110783SEC 801-27797websiteIAPD
Latest filing Sep 16, 2026
First filing on the tape Mar 30, 2012 · 63 filings
SEC status approved since Aug 29, 1986
RAUM
$65B
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
0.5%
$302M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
157
56 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$65B as of Jul 1, 2026
Jun 29, 2012$38B then
HNW client RAUM$79.1M as of Jul 1, 2026
Jun 25, 2018$292M then
State-registered IARs (5.B.3)7 as of Jul 1, 2026
Jun 27, 201325 then
Employees (5.A)157 as of Jul 1, 2026
Jun 27, 2013180 then
Private funds15 as of Jul 1, 2026
Jun 29, 201227 then
RAUM -1.5% over the last fiscal year+6.4% a year over threeIARs 9 to 7offices 2 to 1
Practice profile
derived from the filing of Sep 16, 2026; every figure names its basis
RAUM per advisor
$9.3BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
108derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$26.4MderivedHNW RAUM over HNW clients
Average account
$67.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
45%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
22.4derivedItem 5.A over advisors
Advisors per office
3.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
-1.5%derivedbetween the last two annual amendments
Advisor growth, one year
-22%derivedItem 5.B.3 between annual amendments
Client growth, one year
-8.2%derived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$3.9B, 16 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$18B27%
  • Sovereign wealth funds$16B24%
  • Pooled investment vehicles$12B18%
  • Pension and profit-sharing plans$6.1B9.3%
  • State and municipal entities$4.3B6.5%
  • Other investment advisers$4.2B6.4%
  • Charitable organizations$2.5B3.7%
  • Corporations and businesses$2.2B3.3%
  • Insurance companies$760M1.2%
  • Individuals$223M0.3%
  • High-net-worth individuals$79.1M0.1%
Individual clients
752reported
HNW clients
3reported
Pension plan clients
26reported
Charitable clients
12reported
Accounts
977reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $225M managedreported
Custody of client assets
$3.9B for 16 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.52 institutional_share=0.45 related_bd=true related_bank=true bd_reps=29.0 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
Private funds
63 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Brandywine Global Investment Management Trust - Brandywine Global Opportunistic Fixed Income FundOther Private Fund$1.8B73Mar 30, 2012
Brandywine Global Investment Management Trust - Brandywine Global Multi-Sector Income FundOther Private Fund$768M16Jun 28, 2021
Brandywine Global Investment Management Trust - Brandywine U.S. Fixed Income FundOther Private Fund$702M28Jun 29, 2012
Bw Global Enhanced Absolute Return Master Fund, L.P.no longer reportedHedge Fund$486M3Jun 29, 2015
Brandywine Global Investment Management Trust - Brandywine Global Fixed Income Fund Investment - Grade FundOther Private Fund$308M13Mar 30, 2012
Brandywine Investment Trust - Global Multi-Sector Private Investor PortfolioHedge Fund$261M2Jun 28, 2021
Brandywine Investment Trust - Global Unconstrained Fixed Income - Enhanced Portfoliono longer reportedHedge Fund$155M2Jun 29, 2017
Brandywine Global Investment Management Trust - Brandywine Global Unconstrained Fixed Income - Enhanced Fundno longer reportedHedge Fund$122M4Jun 27, 2013
Brandywine Global Investment Management Trust - Brandywine Global Opportunistic Fixed Income Fund - HedgedOther Private Fund$85.6M2Dec 20, 2024
Brandywine Investment Trust - International Opportunistic Fixed Income Portfoliono longer reportedOther Private Fund$82.7M3Mar 30, 2012
Brandywine Global Investment Management Trust - Brandywine U.S. Fixed Income Duration Banded - Two Years FundOther Private Fund$82.7M2Dec 21, 2023
Brandywine Global Investment Management Trust - Brandywine Global Unconstrained Fixed Income FundHedge Fund$70.7M3Jun 27, 2013
Brandywine Investment Trust - International Fixed Income Investment - Grade Portfoliono longer reportedOther Private Fund$60.1M4Mar 30, 2012
Brandywine Investment Trust - Global Opportunistic Equity PortfolioOther Private Fund$57.2M11Jun 27, 2013
Brandywine Global Investment Management Trust - Brandywine Global Sovereign Credit FundHedge Fund$47.1M3Jun 29, 2012
Brandywine Global Investment Management Trust - Brandywine Emerging Markets Debt FundOther Private Fund$46.2M2Jun 29, 2012
Brandywine Global Investment Management Trust - Brandywine Global Opportunistic Fixed Income Sri FundOther Private Fund$44.9M8Jun 25, 2018
Brandywine Global Investment Management Trust - Brandywine Global Investment - Grade Sovereign Fixed Income Fundno longer reportedOther Private Fund$41.4M11Jun 29, 2012
Brandywine Investment Trust - International Opportunistic Equity PortfolioOther Private Fund$40.5M8Jun 29, 2017
Brandywine Investment Trust - Domestic Microcap Equity Portfoliono longer reportedHedge Fund$37.8M14Mar 30, 2012
Brandywine Investment Trust - Global Credit Opportunities Portfoliono longer reportedHedge Fund$37.4M29Mar 30, 2012
Bw Global Credit Opportunities Master Fund, L.P.no longer reportedHedge Fund$36.6M4Jun 29, 2015
Brandywine Global Investment Management Trust - Brandywine Emerging Markets Debt Opportunities FundOther Private Fund$28.6M2Jun 19, 2020
Brandywine Investment Trust - Diversified Combined PortfolioOther Private Fund$24.1M7Jun 28, 2021
Brandywine Investment Trust - Classic Large Cap Value Equity PortfolioOther Private Fund$20.8M5Mar 30, 2012
Brandywine Investment Trust - Classic Small Cap Value Equity Portfoliono longer reportedOther Private Fund$19.6M7Jun 29, 2016
Brandywine Global Investment Management Trust - Brandywine U.S. High Yield Opportunities FundHedge Fund$18.6M12Dec 21, 2023
Brandywine Investment Trust - Dynamic Large Cap Value Equity Portfoliono longer reportedOther Private Fund$18.1M7Mar 30, 2012
Brandywine Investment Trust - Small Cap Value Portfoliono longer reportedOther Private Fund$13.1M2Mar 30, 2012
Brandywine Investment Trust - Global Sustainable Fixed Income Portfoliono longer reportedOther Private Fund$12.7M16Jun 28, 2021
Brandywine Investment Trust - Global Multi-Sector Impact PortfolioOther Private Fund$12.5M15Dec 21, 2023
Brandywine Global Investment Management Trust - 30th Street Fundno longer reportedHedge Fund$12.1M3Jun 29, 2015
Brandywine Global Investment Management Trust - Brandywine Global Opportunistic Total Return Fundno longer reportedHedge Fund$9.4M3Jun 25, 2018
Brandywine Global Investment Management Trust - Brandywine Global High Yield Bond Fundno longer reportedOther Private Fund$8.9M3Jun 29, 2012
Bw Global Macro Fund, L.P.no longer reportedHedge Fund$8.6M8Jun 29, 2015
Brandywine Investment Trust - Global Multi-Sector Income Portfoliono longer reportedHedge Fund$6.5M3Jun 27, 2013
Brandywine Investment Trust - Quantitative Global Value Equity Portfoliono longer reportedOther Private Fund$5.6M7Mar 30, 2012
Brandywine Investment Trust - Global Small Cap Equity Portfoliono longer reportedOther Private Fund$5.3M7Jun 27, 2013
Brandywine Investment Trust - Dynamic Large Cap Value Extended Equity Portfoliono longer reportedHedge Fund$4.8M9Mar 30, 2012
Brandywine Investment Trust - Dynamic Equity Market Neutralno longer reportedHedge Fund$4.0M6Jan 30, 2019
All funds of Brandywine Global Investment Management, LLC
Owners and control persons
Schedule A and B, latest filing
  • W Theodore Fetter · Senior Managing Directorcontrol
    since 10/2023 · owns less than 5%
  • Paul Mark Glassman · Chief Administrative Officercontrol
    since 01/2007 · owns less than 5%
  • Fenno David Hoffman · Senior Managing Directorcontrol
    since 10/2007 · owns less than 5%
  • Stanley Patrick Kaser · Senior Managing Directorcontrol
    since 07/2012 · owns less than 5%
  • Doran Leigh Lament · Chief Compliance Officercontrol
    since 10/2024 · owns less than 5%
  • Richard Lawrence · Senior Managing Directorcontrol
    since 10/2023 · owns less than 5%
  • David Christopher Marzullo · General Counselcontrol
    since 03/2007 · owns less than 5%
  • James Terrence Murphy · Elected Managercontrol
    since 01/2024 · owns less than 5%
  • Matthew Nicholls · Elected Managercontrol
    since 08/2020 · owns less than 5%
  • Fred Henry Otto · Senior Managing Directorcontrol
    since 07/1998 · owns less than 5%
  • Andrew Jed Plafker · Elected Managercontrol
    since 08/2020 · owns less than 5%
  • Singh Anujeet Sareen · Senior Managing Directorcontrol
    since 10/2023 · owns less than 5%
  • Benjamin Adam Spector · Elected Managercontrol
    since 01/2015 · owns less than 5%
  • Mathew Steven Tonkovich · Senior Managing Directorcontrol
    since 08/2003 · owns less than 5%
  • Boreski Susan Wilchusky · Senior Managing Directorcontrol
    since 10/2023 · owns less than 5%
Entity owners
  • Legg Mason, Inc. · Managing Member
    direct · 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
Advisers that list Brandywine Global Investment Management, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Philadelphia, Pa · principal000
Offices
Schedule D 1.F, the 25 largest
  • Columbus, OH4 employees
  • Singapore, Singapore3 employees
What changed
consecutive filings, newest first
  • Financial planning clients · to unset
    Jul 1, 2026 to Sep 16, 2026
  • Private funds · 15 to unset
    Jul 1, 2026 to Sep 16, 2026
  • Succession · false to unset
    Jul 1, 2026 to Sep 16, 2026
  • Accounts · 1,060 to 977
    Jul 28, 2025 to Dec 18, 2025
  • Advisory employees · 47 to 56
    Jul 28, 2025 to Dec 18, 2025
  • BD registered reps · 34 to 29
    Jul 28, 2025 to Dec 18, 2025
  • Charity clients · 13 to 12
    Jul 28, 2025 to Dec 18, 2025
  • HNW clients · 15 to 3
    Jul 28, 2025 to Dec 18, 2025
  • Individual clients · 807 to 752
    Jul 28, 2025 to Dec 18, 2025
  • Pension plan clients · 30 to 26
    Jul 28, 2025 to Dec 18, 2025
  • Pooled vehicle clients · 73 to 69
    Jul 28, 2025 to Dec 18, 2025
  • Assets in custody · $4.1B to $3.9B
    Jul 28, 2025 to Dec 18, 2025
  • Employees · 122 to 157
    Jul 28, 2025 to Dec 18, 2025
  • State-registered IARs · 9 to 7
    Jul 28, 2025 to Dec 18, 2025
  • Private funds · 18 to 15
    Jul 28, 2025 to Dec 18, 2025
  • Discretionary RAUM · $62B to $61B
    Jul 28, 2025 to Dec 18, 2025
  • HNW RAUM · $139M to $79.1M
    Jul 28, 2025 to Dec 18, 2025
  • Individual RAUM · $234M to $223M
    Jul 28, 2025 to Dec 18, 2025
  • Non-discretionary RAUM · $4.2B to $4.8B
    Jul 28, 2025 to Dec 18, 2025
  • Pension RAUM · $6.1B to $6.1B
    Jul 28, 2025 to Dec 18, 2025
  • Pooled vehicle RAUM · $14B to $12B
    Jul 28, 2025 to Dec 18, 2025
  • RAUM · $66B to $65B
    Jul 28, 2025 to Dec 18, 2025
  • Financial planning clients · unset to
    May 14, 2025 to Jul 28, 2025
  • Other offices · 2 to 1
    Apr 4, 2025 to May 14, 2025
  • Accounts · 1,122 to 1,060
    Sep 27, 2024 to Dec 20, 2024
  • Charity clients · 12 to 13
    Sep 27, 2024 to Dec 20, 2024
  • Corporate clients · 7 to 6
    Sep 27, 2024 to Dec 20, 2024
  • HNW clients · 19 to 15
    Sep 27, 2024 to Dec 20, 2024
  • Individual clients · 860 to 807
    Sep 27, 2024 to Dec 20, 2024
  • Pension plan clients · 36 to 30
    Sep 27, 2024 to Dec 20, 2024
  • Pooled vehicle clients · 74 to 73
    Sep 27, 2024 to Dec 20, 2024
  • Assets in custody · $3.5B to $4.1B
    Sep 27, 2024 to Dec 20, 2024
  • Employees · 121 to 122
    Sep 27, 2024 to Dec 20, 2024
  • State-registered IARs · 15 to 9
    Sep 27, 2024 to Dec 20, 2024
  • Other offices · 3 to 2
    Sep 27, 2024 to Dec 20, 2024
  • Private funds · 23 to 18
    Sep 27, 2024 to Dec 20, 2024
  • Discretionary RAUM · $53B to $62B
    Sep 27, 2024 to Dec 20, 2024
  • HNW RAUM · $232M to $139M
    Sep 27, 2024 to Dec 20, 2024
  • Individual RAUM · $210M to $234M
    Sep 27, 2024 to Dec 20, 2024
  • Non-discretionary RAUM · $3.0B to $4.2B
    Sep 27, 2024 to Dec 20, 2024
Signals
18 dated events
  • Justin Clarke Bennitt left Brandywine Global Investment Management, Llc for Blue Rock Financial Group (registered 2025-06-30)
    Jul 8, 2025 · Advisor changed firm · fact
  • Mark Juelis left Brandywine Global Investment Management, Llc for Rockefeller Capital Management (registered 2025-04-22)
    Nov 19, 2024 · Advisor changed firm · fact
  • Doran Leigh Lament (Chief Compliance Officer) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Sep 27, 2024 · Control person joined · fact
  • James Terrence Murphy (Elected Manager) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Jan 12, 2024 · Control person joined · fact
  • Singh Anujeet Sareen (Senior Managing Director) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Dec 21, 2023 · Control person joined · fact
  • W Theodore Fetter (Senior Managing Director) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Dec 21, 2023 · Control person joined · fact
  • Richard Lawrence (Senior Managing Director) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Dec 21, 2023 · Control person joined · fact
  • Boreski Susan Wilchusky (Senior Managing Director) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Dec 21, 2023 · Control person joined · fact
  • Scott Stephen Smith (Senior Managing Director) no longer on Schedule A of Brandywine Global Investment Management, Llc (listed 2020-10-19, absent 2021-01-20)
    Jan 20, 2021 · Control person left · inference
  • Matthew Nicholls (Elected Manager) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Aug 17, 2020 · Control person joined · fact
  • Patricia Lattin (Elected Manager) no longer on Schedule A of Brandywine Global Investment Management, Llc (listed 2020-06-19, absent 2020-08-17)
    Aug 17, 2020 · Control person left · inference
  • Matthew Terence Johnson (Elected Manager) no longer on Schedule A of Brandywine Global Investment Management, Llc (listed 2020-06-19, absent 2020-08-17)
    Aug 17, 2020 · Control person left · inference
  • D Gregg Gorman (Elected Manager) no longer on Schedule A of Brandywine Global Investment Management, Llc (listed 2020-06-19, absent 2020-08-17)
    Aug 17, 2020 · Control person left · inference
  • Andrew Jed Plafker (Elected Manager) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Aug 17, 2020 · Control person joined · fact
  • Matthew Terence Johnson (Elected Manager) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Jun 19, 2020 · Control person joined · fact
  • D Gregg Gorman (Elected Manager) appeared on Schedule A of Brandywine Global Investment Management, Llc
    Jun 19, 2020 · Control person joined · fact
  • Duff John Kenney (Elected Manager) no longer on Schedule A of Brandywine Global Investment Management, Llc (listed 2019-06-28, absent 2020-06-19)
    Jun 19, 2020 · Control person left · inference
  • Amelie Ursula Schliessler (Elected Manager) no longer on Schedule A of Brandywine Global Investment Management, Llc (listed 2019-01-30, absent 2019-06-28)
    Jun 28, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Firm profile
LINKEDIN.COM/COMPANY/BRANDYWINE-GLOBAL-INVESTMENT-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
Website
AROUNDTHECURVE.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
215-609-3500reportedpublic 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
Other adviserderiveda 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