Western Asset is a group of sister companies that provides investment management and advisory services, primarily for fixed income strategies. Western Asset is an indirect, wholly owned subsidiary of Franklin Resources, which operates as Franklin Templeton. Western Asset manages investments for institutional clients like pension funds, foundations, and insurance companies. They also sub-advise retail accounts through wrap fee programs. Western Asset tailors its services to meet client needs and objectives.
Fee Structure
Western Asset manages investments primarily for institutional clients. Fees are calculated as a percentage of the value of the assets managed and vary by investment objective and type of service provided. Fees are generally not negotiable, but may be in some circumstances. Clients will also pay separate fees to third parties for custodial and other services. Western Asset may also negotiate performance-based fees.