Franklin Templeton Institutional, LLC (New York)

Name: Franklin Templeton Institutional, LLC
Address: 280 Park Avenue, New York, NY, 10017
Telephone: (212) 632-3000

Franklin Templeton Institutional, LLC is a large advisory firm based in New York. It manages $23.07 billion of regulatory assets for 135 client accounts. It has been registered with the SEC as an adviser since 2003.

Franklin Templeton Institutional provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Franklin Templeton Institutional: assets under management

The assets under management (AUM) of Franklin Templeton Institutional, LLC is $23.07 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1727% since the beginning of its operation, and $7.35 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $23.07 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.9 million each.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is sovereign bonds, which make up 13% of the firm’s portfolio. Investments in pooled investment vehicles form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Franklin Templeton Institutional, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Peter D Jones serves?

The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Peter D Jones is investment companies with 8 clients and $7.74 billion of assets under management. Among the 11 most similar advisory firms, Franklin Templeton Institutional has the 5th highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $21.4 billion for 117 clients. 58% of the firm’s clients are foreign persons or businesses.

Franklin Templeton Institutional also advises several private funds. Namely, nine real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Franklin Templeton Institutional, LLC

The company employs 232 people that are either part- or full-time employees. 16 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Peter D Jones has been acting as President since 1 May 2012. Thomas John Fisher joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Young Yun	Executive vice president	1 Oct 2001	Other	1412123
Frank Michael Felicelli	Executive vice president	1 Oct 2001	Other	1558340
Edward Burton Jamieson	Executive vice president	1 Oct 2001	Other	1668895
Inc. Franklin Templeton Distributors	Parent corporation	1 Oct 2001	75% - 100%	13-5599989
Gary Motyl	Executive vice president	1 Oct 2001	Other	2511508
Tracy Ann Harrington	Sr. vp-institutional marketing support	1 Oct 2001	Other	1818118
Charles Reed Hutchens	Sr. vice president & director client services	1 Oct 2001	Other	1484250
Steven Edward Moeller	Sr. vice president	1 Oct 2001	Other	1122338
Charles Robert Sims	Sr. vice president-finance & treasurer	1 Oct 2001	Other	4309261
Jeremy Hunt Biggs	Executive vice president	1 Oct 2001	Other	1475700
Gary Paul Motyl	Executive vice president	1 Oct 2001	Other	2511508
Michael John Corcoran	Vice president & controller	1 Oct 2001	Other	2347458
Cristina Elias	Sr. vice president, institutional relationship manager	1 Jan 2002	Other	2386506
Catherine Banszky Alsop	Sr. vice president	1 Aug 2003	Other	3130729
Sandra Ann Schorentesta	Sr. vice president	1 Aug 2003	Other	1802140
Sandra Ann Schoren Testa	Sr. vice president	1 Aug 2003	Other	1802140
Peter Douglas Anderson	Sr. vice president	1 Nov 2003	Other	3117256
Breda Mary Beckerle	Chief compliance officer	1 Aug 2004	Other	1078762
James Robert Baio	Sr. vice president & cfo	1 Jan 2005	Other	2336447
Christopher James Molumphy	Executive vice president	1 Jan 2006	Other	1885224
Jeffrey Michael Applegate	Exec. vice president & chief investment officer	1 Jan 2006	Other	1029229
Coleen Frances Barbeau	Executive vice president	1 Mar 2006	Other	5208396
Michael John Materasso	Executive vice president	1 Mar 2006	Other	2209055
John Watson Foster	Senior vice president	1 Mar 2006	Other	5208402
Stephanie Halliday Giroux	Senior vice president	1 Mar 2006	Other	1770070
Raymond Jean Jacobs	Senior vice president	1 Mar 2006	Other	5208405
Craig Steven Tyle	Chief legal officer	1 Dec 2006	Other	5026433
Madison Sterling Gulley	Executive vice president	1 Dec 2006	Other	1862155
Mark Lecho Constant	Treasurer	1 Oct 2007	Other	2164003
Jed Andrew Plafker	Executive vice president	1 Apr 2009	Other	2793695
Kent Preston Strazza	President	1 Apr 2009	Other	1337183
Peter D Jones	Chairman	1 May 2012	Other	5787198
Inc. Franklin Resources	Parent corporation of registrant: 100%	1 Oct 2012	75% - 100%	13-2670991
Thomas Michael Regner	President	1 Nov 2012	Other	2219125
Thomas John Fisher	Executive vice president	1 Aug 2017	Other	4314535
Thomas John Fisher	President	1 Aug 2018	Other	4314535

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Franklin Resources	Parent corporation of ftdi: 100%	1 Oct 2001	75% - 100%	13-2670991

Based in New York

The principal office where Franklin Templeton Institutional, LLC performs its advisory services is located at 280 Park Avenue, New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 632-3000 or by fax (212) 632-3019. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ftinstitutional.com/.