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.

Former SEC-registered adviser

Franklin Managed Options Strategies, LLC

Former SEC-registered adviserStamford, ConnecticutCRD 325732SEC 801-127676websiteIAPD
Latest filing Dec 8, 2025
First filing on the tape Mar 17, 2023 · 9 filings
SEC status approved since Apr 27, 2023
RAUM
$973M
reported, Item 5.F
Discretionary
82%
of RAUM
Private clients
74%
$723M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
12
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$973M as of Dec 8, 2025
Dec 4, 2023$594M then
HNW client RAUM$723M as of Dec 8, 2025
Dec 4, 2023$459M then
State-registered IARs (5.B.3)0 as of Dec 8, 2025
Dec 4, 20230 then
Employees (5.A)12 as of Dec 8, 2025
Dec 4, 202310 then
Private funds: no history
RAUM +64% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Dec 8, 2025; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$2.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
82%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-25%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
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
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$723M74%
  • Other investment advisers$250M26%
Individual clients
n/areported
HNW clients
436reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
474reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
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
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Nmn Roger Paradiso · Presidentcontrol
        since 03/2023 · owns less than 5%
      • Ryan Kristopher Smith · Vice Presidentcontrol
        since 03/2023 · owns less than 5%
      • Scott Bradley Berggren · Svp; Co-Chief Investment Officer
        since 07/2023 · owns less than 5%
      • P Anne Devereaux · Chief Compliance Officer
        since 07/2023 · owns less than 5%
      • Beth O'Malley · Vice President & Secretary
        since 03/2023 · owns less than 5%
      • Jonathan Orseck · Svp; Co-Chief Investment Officer
        since 07/2023 · owns less than 5%
      Entity owners
      • Templeton Worldwide Inc. · Shareholder
        direct · owns 75% or more
      • Franklin Resources Inc. · Shareholder
        indirect · owns 75% or more of Legg Mason Inc. · public reporting company
      • Legg Mason Inc. · Shareholder
        indirect · owns 75% or more of Templeton Worldwide Inc.
      Related persons
      Schedule D 7.A
      Advisers that list Franklin Managed Options Strategies, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY1 employees
      What changed
      consecutive filings, newest first
      • Accounts · 68 to 474
        Mar 24, 2025 to Dec 8, 2025
      • HNW clients · 67 to 436
        Mar 24, 2025 to Dec 8, 2025
      • Employees · 11 to 12
        Mar 24, 2025 to Dec 8, 2025
      • Discretionary RAUM · $230M to $801M
        Mar 24, 2025 to Dec 8, 2025
      • HNW RAUM · $279M to $723M
        Mar 24, 2025 to Dec 8, 2025
      • Non-discretionary RAUM · $217M to $171M
        Mar 24, 2025 to Dec 8, 2025
      • RAUM · $447M to $973M
        Mar 24, 2025 to Dec 8, 2025
      • Financial planning clients · 0 to 0
        Jan 22, 2025 to Mar 24, 2025
      • HQ city · WESTPORT to STAMFORD
        Jan 22, 2025 to Mar 24, 2025
      • Accounts · 47 to 68
        Dec 15, 2023 to Dec 9, 2024
      • HNW clients · 46 to 67
        Dec 15, 2023 to Dec 9, 2024
      • Employees · 10 to 11
        Dec 15, 2023 to Dec 9, 2024
      • Discretionary RAUM · $164M to $230M
        Dec 15, 2023 to Dec 9, 2024
      • HNW RAUM · $459M to $279M
        Dec 15, 2023 to Dec 9, 2024
      • Non-discretionary RAUM · $430M to $217M
        Dec 15, 2023 to Dec 9, 2024
      • RAUM · $594M to $447M
        Dec 15, 2023 to Dec 9, 2024
      • Accounts · 46 to 47
        Aug 8, 2023 to Dec 4, 2023
      • HNW clients · 45 to 46
        Aug 8, 2023 to Dec 4, 2023
      • Discretionary RAUM · $156M to $164M
        Aug 8, 2023 to Dec 4, 2023
      • HNW RAUM · $467M to $459M
        Aug 8, 2023 to Dec 4, 2023
      • Non-discretionary RAUM · $427M to $430M
        Aug 8, 2023 to Dec 4, 2023
      • RAUM · $582M to $594M
        Aug 8, 2023 to Dec 4, 2023
      • Accounts · 0 to 46
        Mar 27, 2023 to Aug 8, 2023
      • Advisory employees · 0 to 3
        Mar 27, 2023 to Aug 8, 2023
      • HNW clients · unset to 45.0
        Mar 27, 2023 to Aug 8, 2023
      • Employees · 1 to 10
        Mar 27, 2023 to Aug 8, 2023
      • HQ city · SAN MATEO to WESTPORT
        Mar 27, 2023 to Aug 8, 2023
      • HQ state · CA to CT
        Mar 27, 2023 to Aug 8, 2023
      • Other offices · 0 to 1
        Mar 27, 2023 to Aug 8, 2023
      • Discretionary RAUM · $0 to $156M
        Mar 27, 2023 to Aug 8, 2023
      • HNW RAUM · unset to 467230782.0
        Mar 27, 2023 to Aug 8, 2023
      • Non-discretionary RAUM · $0 to $427M
        Mar 27, 2023 to Aug 8, 2023
      • RAUM · $0 to $582M
        Mar 27, 2023 to Aug 8, 2023
      Signals
      4 dated events
      • Franklin Managed Options Strategies, Llc no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $972.5M)
        Feb 2, 2026 · Left the SEC roster · derived
      • Franklin Managed Options Strategies, Llc reported RAUM $972.5M, up 117% from $447.4M (2025-03-24 to 2025-12-08)
        Dec 8, 2025 · RAUM change · derived
      • David Kenneth Cieprisz (Chief Compliance Officer) no longer on Schedule A of Franklin Managed Options Strategies, Llc (listed 2023-03-27, absent 2023-08-08)
        Aug 8, 2023 · Control person left · inference
      • Franklin Managed Options Strategies, Llc filed its initial SEC registration (Form ADV)
        Mar 17, 2023 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered 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