Franklin Templeton Selects Aladdin by BlackRock to Unify Its Investment Management Technology
Aladdin is a comprehensive technology solution that supports the entire investment management process across multiple asset classes and will also aid in the simplification of Franklin Templeton’s operation and reduction of long-term capital expenses. Its distinctive features will enable Franklin Templeton to meet the diverse needs of its specialist investment managers and further support its growth initiatives.
The Aladdin technology will enhance the investment lifecycle on a single platform by providing an investment book of record to enable scale, provide insights and support business transformation, while preserving the autonomous investment processes of Franklin Templeton’s specialist investment managers. Beginning in fiscal 2025, the transition will be phased over multiple years and will be seamless to clients.
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
Forward-Looking Statements
Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the
Various forward-looking statements in this press release relate to the transition by Franklin Resources, Inc. (“Franklin Templeton”) to the Aladdin technology. Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Important risk factors that may cause such differences include: (i) the transition to the Aladdin technology may not be completed in a timely manner; (ii) the transition may be more expensive or require more resources than expected; and (iii) anticipated benefits of the transition may not be fully realized or may take longer to realize than expected.
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. For a detailed discussion of risk factors, please refer to Franklin Templeton’s recent filings with the
Any forward-looking statement made in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Franklin Templeton undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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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
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Source: Franklin Resources, Inc.