Clearbridge Investments, LLC (New York)


Clearbridge Investments, LLC is a large advisory firm based in New York. It manages $142.15 billion of regulatory assets for 122,768 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Clearbridge Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Clearbridge Investments: assets under management

The assets under management (AUM) of Clearbridge Investments, LLC is $142.15 billion. The firm's AUM has grown by 154% since the beginning of its operation, and $5.38 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $121.11 billion in discretionary accounts and $21.03 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $987.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $313.93 million.
Clearbridge Investments has custody of $72.37 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clearbridge Investments, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Terrence James Murphy serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Terrence James Murphy is investment companies with 60 clients and $69.51 billion of assets under management. Among the 9 most similar advisory firms, Clearbridge Investments has the 4th highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $142.15 billion for 122,769 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Clearbridge Investments also advises several private funds. Namely, three hedge funds and three other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Clearbridge Investments, LLC

The company employs 208 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 23 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Terrence James Murphy has been acting as President since 1 Mar 2011. John Randolph Haller joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Legg Mason Sole member 1 Dec 2005 75% - 100% 52-1200960
Barbara Brooke Manning Chief compliance officer 1 Feb 2006 Other 3198494
Terrence James Murphy Chief operating officer 1 Mar 2008 Other 5007121
Barbara Brooke Manning General counsel 1 Jul 2008 Other 3198494
Terrence James Murphy President 1 Mar 2011 Other 5007121
Ronald Richard Dewhurst Director 1 Mar 2011 Other 1590061
Peter Hamilton Nachtwey Director 1 Mar 2011 Other 5512176
Jeffrey Allen Nattans Director 1 Oct 2011 Other 2786221
Cynthia Karen List Chief financial officer 1 Dec 2011 Other 2159335
Harry David Cohen Co-chief investment officer 1 Oct 2012 Other 49893
Scott Keith Glasser Co-chief investment officer 1 Oct 2012 Other 2258385
Terrence James Murphy Chief executive officer 1 Dec 2012 Other 5007121
Llc Legg Mason Clearbridge Holdings Managing member 1 Mar 2014 75% - 100% 46-5331617
John Duff Kenney Director 1 Jun 2015 Other 2387755
Brian Matthew Eakes Director 1 Jun 2015 Other 2647471
Terence Matthew Johnson Director 1 Jun 2015 Other 6519788
Scott Keith Glasser Director 1 Jun 2015 Other 2258385
Cynthia Karen List Director 1 Jun 2015 Other 2159335
John Justin Eede Director 1 Jun 2015 Other 6519730
Frances Langton Cashman Director 1 Jun 2017 Other 2150911
John Randolph Haller Chief operating officer 1 Aug 2018 Other 7012145

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. Legg Mason Sole member 1 Mar 2014 75% - 100% 52-1200960

Based in New York

The principal office where Clearbridge Investments, LLC performs its advisory services is located at 620 8 Th Avenue, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Wilmington, DE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-805-2000 or by fax 877-638-5508. The normal business hours are 9:00a.m-5:00p.m. on Monday - Friday. You can find more information about the New York firm at clearbridge.com and its LinkedIn profile.