Franklin Park Associates, LLC is a large advisory firm based in Bala Cynwyd. It manages $14.28 billion of regulatory assets for 44 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Massachusetts and New York.
Franklin Park Associates provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, 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.
The assets under management (AUM) of Franklin Park Associates, LLC is $14.28 billion. The firm's AUM has grown by 367% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Franklin Park Associates, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Franklin Park Associates is state or municipal government entities with 7 clients and $6.58 billion of assets under management. Among the 6 most similar advisory firms, Franklin Park Associates has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $14.28 billion for 45 clients. None of the firm’s clients are foreign persons or businesses.
Franklin Park Associates also advises several private funds. Namely, seventeen private equity funds and thirteen venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $15,000,000.
The company employs 25 people that are either part- or full-time employees. 92 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 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.
Katherine Marie Carlson joined the executive team most recently as the Managing Director.
The principal office where Franklin Park Associates, LLC performs its advisory services is located at Three Bala Plaza, Bala Cynwyd, PA 19004, 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 610-822-0500 or by fax 610-822-0499. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at franklinparkllc.com.