Western Asset Management Company Limited
- Regulatory AUM
- $20.1B
- Discretionary
- $20.1B
- Clients
- 35
- Avg AUM / client
- $574M
- Accounts
- 34
- Employees
- 27
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Aug 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $0 | — |
| Pooled investment vehicles (non-investment companies) | 12 | $1.7B | 8.22% |
| Pension and profit sharing plans | 2 | $277M | 1.38% |
| Charitable organizations | 5 | $603M | 3.0% |
| State or municipal government entities | 3 | $1.4B | 6.76% |
| Insurance companies | 1 | $942M | 4.69% |
| Sovereign wealth funds and foreign official institutions | 8 | $14.1B | 70.4% |
| Corporations and other businesses | 3 | $1.1B | 5.54% |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Zelouf, Michael, Baruch | Director And Senior Executive Officer | May 2002 (24y) | Less than 5% | |
| Petrovic, Jelena, Nmn | Chief Compliance Officer | Jan 2012 (15y) | Less than 5% | |
| Merchant, Thomas, Clifton | Chairman | Jul 2022 (4y) | Less than 5% | |
| Hoffmann, Courtney, Ann | Director And Senior Executive Officer | Oct 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Legg Mason Global Holdings Ltd. | Sole Shareholder | Jul 2021 | A | 75% or more |
| Legg Mason, Inc. | Sole Shareholder | Feb 1996 | B | ≈ 23.73% – 100% via Templeton Worldwide, Inc. |
| Franklin Resources, Inc. | Sole Shareholder Of Legg Mason, Inc. | Jul 2020 | B | ≈ 17.8% – 100% via Legg Mason, Inc. |
| Templeton International, Inc. | Sole Shareholder Of Etp Holdings (Cayman) Limited And Jt Partner Of Lmgh Ltd | Jul 2021 | B | ≈ 42.19% – 100% via Etp Holdings (Cayman) Limited |
| Templeton Worldwide, Inc. | Sole Shareholder | Jul 2021 | B | ≈ 31.64% – 100% via Templeton International, Inc. |
| Etp Holdings (Cayman) Limited | Jt Partners Of Templeton International Inc. And Lmgh Ltd | Jul 2021 | B | ≈ 56.25% – 100% via Legg Mason Global Holdings Ltd. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Legg Mason, Inc.: 75% – 100% of Templeton Worldwide, Inc. × 75% – 100% of Templeton International, Inc. × 75% – 100% of Etp Holdings (Cayman) Limited × 75% – 100% of Legg Mason Global Holdings Ltd. × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Franklin Resources, Inc.: 75% – 100% of Legg Mason, Inc. × 75% – 100% of Templeton Worldwide, Inc. × 75% – 100% of Templeton International, Inc. × 75% – 100% of Etp Holdings (Cayman) Limited × 75% – 100% of Legg Mason Global Holdings Ltd. × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Templeton International, Inc.: 75% – 100% of Etp Holdings (Cayman) Limited × 75% – 100% of Legg Mason Global Holdings Ltd. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Templeton Worldwide, Inc.: 75% – 100% of Templeton International, Inc. × 75% – 100% of Etp Holdings (Cayman) Limited × 75% – 100% of Legg Mason Global Holdings Ltd. × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Etp Holdings (Cayman) Limited: 75% – 100% of Legg Mason Global Holdings Ltd. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/29/2026 | 1.6 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $12.2B (61% of AUM) Aug 2026
- J.P. Morgan $5.6B (17% of AUM) Dec 2024
- State Street $2.5B (13% of AUM) Aug 2026
- Northern Trust $2.5B (12% of AUM) Aug 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Aug 21, 2026.
View current Form ADV (SEC/IAPD) ↗