Western Asset is a group of sister companies that provides investment management and advisory services, primarily for fixed income strategies. Western Asset manages investments for institutional clients such as pension funds, foundations, corporations, and insurance companies. Western Asset also sub-advises wrap fee programs for individuals. Western Asset is part of Franklin Templeton.
Western Asset manages investments primarily for institutional clients. Fees are calculated as a percentage of the value of assets managed and vary by investment objective and type of service. Fees are generally not negotiable, but may be in some circumstances. Clients will also bear the implicit trading costs reflected in bid/ask spreads.