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Franklin Resources, Inc. (NYSE: BEN), commonly known as Franklin Templeton, is a prominent global investment management organization. With more than 75 years of expertise, Franklin Templeton delivers a suite of investment services aimed at both individual and institutional investors. As of April 2024, the company oversees $1.602 trillion in managed assets, comprising 35% equity, 35% fixed-income, 10% multi-asset/balanced funds, 16% alternatives, and 4% money market funds.
Franklin Templeton is renowned for its diverse portfolio and global reach, with more than a third of its assets under management (AUM) invested in international strategies. Furthermore, approximately 30% of managed assets are sourced from clients outside the United States. The company's client base is balanced between retail investors at 52% and institutional accounts at 46%, with high-net-worth individuals accounting for the remainder.
Recently, the company's subsidiary, ClearBridge Investments, released its seventh annual Stewardship Report, highlighting its commitment to environmental, social, and governance (ESG) factors. With $188 billion in assets under management, ClearBridge actively integrates ESG considerations into its investment process, promoting sustainable practices and responsible investing. In 2023, ClearBridge earned top scores in the U.N.-supported Principles for Responsible Investment (PRI) reporting assessment and joined the Interfaith Center on Corporate Responsibility's Living Wage Statement, advocating for fair wages in line with international human rights standards.
Franklin Templeton's dedication to ESG is further exemplified through ClearBridge's active ownership and engagement strategies. In 2023, ClearBridge voted on over 15,000 shareholder proposals and engaged with more than 1,000 companies to drive positive change. The firm's commitment to diversity and inclusion is also noteworthy, with strong representation of women and people of color among its staff and investment teams.
Franklin Templeton continues to advance the U.N. Sustainable Development Goals (SDGs) through various philanthropic efforts. ClearBridge's partnership with WaterAid since 2013 has improved clean water accessibility in Timor-Leste, directly supporting SDG 6: Clean Water and Sanitation.
With a mission to help clients achieve better outcomes through specialized investment management and wealth management solutions, Franklin Templeton operates with a global presence in over 150 countries. The company leverages its extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions to serve a diverse clientele, bolstered by a team of over 1,500 investment professionals stationed in major financial markets worldwide.
NORTHAMPTON, MA / ACCESSWIRE / April 11, 2023 / Franklin Templeton's President and CEO, Jenny Johnson, along with Sonal Desai, CIO of Franklin Templeton Fixed Income, have been named to Barron's fourth annual list of the 100 Most Influential Women in U.S. Finance. This recognition marks their fourth consecutive year being included since the list's inception in 2020. The selection process involves nominations judged by a panel from Barron's, highlighting influential women in finance, including executives and policymakers. Importantly, Franklin Templeton did not pay for this ranking. The firm oversees approximately $1.4 trillion in assets under management and operates globally with a focus on providing investment management expertise and technology solutions.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Leslie Gillin Bohner as the chief fiduciary officer, a new role aimed at enhancing its trust operations and administration. With significant experience in fiduciary services, Ms. Bohner will lead the firm's Delaware business and be part of the Executive Committee. The company manages over $87 billion in assets as of December 31, 2022, emphasizing its commitment to growing its fiduciary business. The firm, headquartered in New York, NY, has been serving clients since 1931.
AdvisorEngine announced the release of its Spring/Summer 2023 issue of Action! magazine at the T3 conference in Tampa, Florida. This edition focuses on pertinent wealth management issues, providing insights from nearly 40 firms and industry experts. Key topics include strategies for recruiting talent, managing budgetary challenges, compliance expectations for 2023, and technology trends. Editor
Franklin Resources, Inc. (NYSE:BEN) has appointed Dean R. Sackett III as Managing Director of Government Affairs. In this newly created role, Sackett will navigate U.S. policy matters, reporting to Paul Elmlinger, Deputy General Counsel and Global Head of Public Policy. With over 20 years at the Investment Company Institute, Sackett brings extensive experience in investment management policy. His focus will include areas such as retirement savings and regulatory measures impacting U.S. investors. Franklin Templeton aims to leverage this leadership change to enhance its influence in evolving policy discussions.
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