Franklin Resources, Inc. - BEN STOCK NEWS

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 Suleman Din emphasizes the need for firms to adapt to a rapidly changing environment. Action! aims to equip wealth management professionals with practical advice and innovative solutions to enhance their operations.

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.

AdvisorEngine has launched enhanced portfolio management features at the T3 conference, targeting investment advisory firms seeking advanced wealth management technology. The platform integrates performance reporting, rebalancing, and fee billing, providing in-depth analytics for asset tracking, including managed and non-managed assets. This unified approach streamlines operations across multiple custodians, reducing workload and costs for firms. Key functionalities include intuitive performance reporting, automated fee billing, and a comprehensive client portal to improve transparency. AdvisorEngine is a subsidiary of Franklin Resources (NYSE: BEN), boasting over $1.4 trillion in assets under management.

Franklin Templeton hosted the "North American Black Experience Panel" on February 24, 2023, as part of its Black History Month events organized by the Black Empowerment Network (BEN). The panel featured insights from employees on the theme of "Black Resilience," following a talk by organizational psychologist John Amaechi. Participants discussed the importance of resilience and ways to improve diversity in the workplace. Amaechi emphasized that while resilience is commendable, it can have emotional costs. Franklin Templeton continues to focus on enhancing psychological safety and diversity within its workforce.

Franklin Templeton is launching the Franklin Income Focus ETF this summer to enhance income generation for U.S. investors. The ETF will employ a multi-asset strategy, dynamically adjusting its portfolio across various asset classes, including equity and debt securities, to respond to changing market conditions. Managed by a team with over 60 years of experience, the ETF aims to maximize income over complete market cycles. Currently, Franklin Templeton offers 58 ETFs, managing approximately $10 billion in assets. The firm has a substantial history, managing $1.4 trillion in assets as of February 28, 2023.