Franklin Resources, Inc. Announces Preliminary Month-End Assets Under Management

Rhea-AI Summary

Franklin Resources (NYSE: BEN) reported preliminary assets under management (AUM) of $1.53 trillion at March 31, 2025, down from $1.57 trillion in February 2025. The decrease was attributed to negative market performance and preliminary long-term net outflows of $4 billion.

Key AUM breakdown by asset class as of March 2025:

• Equity: $597.6 billion
• Fixed Income: $445.4 billion
• Alternative: $250.9 billion
• Multi-Asset: $177.2 billion
• Cash Management: $62.5 billion

Western Asset Management experienced $7 billion in long-term net outflows, while the rest of Franklin's operations saw $3 billion in net inflows. For the quarter ended March 31, 2025, the company reported total long-term net outflows of $26 billion, with Western Asset Management accounting for $34 billion in outflows.

Positive

• Net inflows of $3 billion excluding Western Asset Management
• Quarterly net inflows of $8 billion excluding Western Asset Management
• Alternative AUM remained stable at $250.9 billion with $3 billion in realizations

Negative

• Total AUM decreased by $39 billion (-2.5%) from $1.57T to $1.53T month-over-month
• Net outflows of $4 billion in March 2025
• Western Asset Management suffered $7 billion in monthly outflows
• Significant quarterly net outflows of $26 billion
• Equity AUM declined by $27.2 billion (-4.4%) month-over-month

Insights

Investment Management Analyst

Franklin Resources' latest AUM report shows troubling trends that will likely impact revenue generation. The firm reported a $39 billion monthly decrease in AUM (from $1.57T to $1.53T), driven by negative markets and $4 billion in net outflows. More concerning is the quarterly perspective, with $26 billion in long-term net outflows for Q1 2025.

Western Asset Management remains the primary weak spot, accounting for $7 billion in monthly outflows and $34 billion in quarterly outflows. This fixed income-focused subsidiary saw AUM drop from $253 billion to $242 billion in just one month, suggesting potential client dissatisfaction or competitive pressures in that segment.

The broader equity category experienced the largest absolute decline, dropping $27.2 billion (4.4%) month-over-month, likely reflecting market corrections. Fixed income AUM fell by $7.6 billion (1.7%).

The silver lining is that excluding Western Asset Management, Franklin's other operations generated $3 billion in monthly net inflows and $8 billion in quarterly net inflows, indicating the core business maintains some client confidence. However, with year-over-year total AUM down 6.8% from March 2024's $1.64T, the company faces significant headwinds in maintaining fee revenue growth.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.53 trillion at March 31, 2025, compared to $1.57 trillion at February 28, 2025. This month’s AUM reflected the impact of negative markets and preliminary long-term net outflows of $4 billion, inclusive of $7 billion of long-term net outflows at Western Asset Management.¹ Excluding Western Asset Management, preliminary long-term net inflows were $3 billion.

For the quarter ended March 31, 2025, preliminary AUM reflected the impact of negative markets and preliminary long-term net outflows of $26 billion, inclusive of $34 billion of long-term net outflows at Western Asset Management.¹ Excluding Western Asset Management, preliminary long-term net inflows were $8 billion.

By Asset Class:
(In USD billions)	Preliminary
	31-Mar-25	28-Feb-25	31-Dec-24	30-Sep-24	31-Mar-24
Equity	$597.6	$624.8	$620.0	$632.1	$592.7
Fixed Income	445.4	453.0	469.5	556.4	571.4
Alternative2	250.9	249.7	248.8	249.9	255.5
Multi-Asset	177.2	178.6	174.0	176.2	163.4
Long Term:	1,471.1	1,506.1	1,512.3	1,614.6	1,583.0
Cash Management	62.5	66.5	63.4	64.0	61.7
Total Ending AUM	$1,533.6	$1,572.6	$1,575.7	$1,678.6	$1,644.7

¹ As of March 31, 2025, Western Asset Management had preliminary AUM of $242 billion, compared to $253 billion at February 28, 2025. This month’s preliminary AUM reflected the impact of negative markets, the aforementioned preliminary long-term net outflows of $7 billion, and preliminary cash management net outflows of $4 billion. This quarter’s preliminary AUM reflected the impact of negative markets, the aforementioned long-term net outflows of $34 billion, and cash management net outflows of $2 billion.

² March 31, 2025, preliminary Alternative AUM includes $3 billion of aggregate realizations and distributions for the quarter.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in equity, fixed income, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience.

The company posts information that may be significant for investors in the Investor Relations and News Center sections of its website and encourages investors to consult those sections regularly. For more information, please visit investors.franklinresources.com.

Forward-Looking Statements

The financial results in this press release are preliminary. Some of the statements herein may include forward- looking statements that reflect our current views with respect to future events, financial performance and market conditions. Such statements are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and generally can be identified by words or phrases written in the future tense and/or preceded by words such as “anticipate,” “believe,” “could,” “depends,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “potential,” “preliminary,” “seek,” “should,” “will,” “would,” or other - similar words or variations thereof, or the negative thereof, but these terms are not the exclusive means of identifying such statements.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that may cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements, including market and volatility risks, investment performance and reputational risks, global operational risks, competition and distribution risks, third-party risks, technology and security risks, human capital risks, cash management risks, and legal and regulatory risks. While forward-looking statements are our best prediction at the time that they are made, you should not rely on them and are cautioned against doing so. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other possible future conditions.

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. They are neither statements of historical fact nor guarantees or assurances of future performance. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them.

These and other risks, uncertainties and other important factors are described in more detail in our recent filings with the U.S. Securities and Exchange Commission, including, without limitation, in Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024 and our subsequent Quarterly Reports on Form 10-Q. If a circumstance occurs after the date of this press release that causes any of our forward- looking statements to be inaccurate, whether as a result of new information, future developments or otherwise, we undertake no obligation to announce publicly the change to our expectations, or to make any revision to our forward-looking statements, to reflect any change in assumptions, beliefs or expectations, or any change in events, conditions or circumstances upon which any forward- looking statement is based, unless required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250403977985/en/

Franklin Resources, Inc.

Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com

Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com

investors.franklinresources.com

Source: Franklin Resources, Inc.

FAQ

What was Franklin Resources (BEN) total AUM as of March 31, 2025?

Franklin Resources reported total AUM of $1.53 trillion as of March 31, 2025.

How much were Franklin Resources (BEN) net outflows in March 2025?

Franklin Resources experienced preliminary long-term net outflows of $4 billion in March 2025.

What was Western Asset Management's contribution to BEN's outflows in Q1 2025?

Western Asset Management had $34 billion in long-term net outflows during Q1 2025.

How did BEN's equity assets perform in March 2025 compared to February?

Equity AUM decreased from $624.8 billion to $597.6 billion, a decline of $27.2 billion.

What was Franklin Resources (BEN) alternative assets performance in Q1 2025?

Alternative AUM stood at $250.9 billion with $3 billion in aggregate realizations and distributions for the quarter.