Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.
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.
William Y. Yun, a senior advisor with 30 years of experience at Fiduciary Trust International and its parent Franklin Templeton, has returned to the firm as of October 3. Based in Palm Beach, FL, he will focus on growth in South Florida. Yun previously held numerous executive positions, including president and portfolio manager, and has been instrumental in the firm's recovery post-9/11. With over $86 billion in assets under management, Fiduciary Trust specializes in wealth management services aimed at high-net-worth clients.
On November 1, 2022, Franklin Resources, Inc. [NYSE:BEN] will publish its fourth quarter and fiscal year 2022 results at 8:30 a.m. ET. A live teleconference will follow at 11:00 a.m. ET, hosted by key executives including President and CEO Jenny Johnson. Access to the teleconference will be available through the company’s investor relations website or by calling designated numbers. Franklin Resources manages approximately $1.3 trillion in assets and operates in over 155 countries, leveraging 75 years of investment expertise.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of
Franklin Templeton has partnered with Saphyre and J.P. Morgan to enhance the onboarding and maintenance of its funds using Saphyre's AI platform. This collaboration aims to digitize account setups, increasing operational efficiency and reducing risks associated with manual processes. Franklin Templeton's Vice President highlighted the initiative as a means to improve service quality and client satisfaction. With an estimated $1.4 trillion in assets under management, this strategic move is poised to optimize the onboarding process across custodians and brokers, benefiting the entire financial industry.
Franklin Templeton is enhancing its Goals Optimization Engine (GOE) by integrating with LifeYield for tax-efficient investment planning and income sourcing. This partnership aims to assist advisors in managing client goals more effectively, especially during decumulation stages. Franklin Templeton's use of LifeYield technology has reportedly uncovered an additional $2.5 billion in Social Security benefits for clients. The GOE uses advanced portfolio strategies to optimize client outcomes across investment goals.
AdvisorEngine has introduced new data visualization dashboards tailored for wealth management, developed through extensive input from 430 industry professionals. These dashboards aim to enhance business performance by providing customizable, real-time insights across various roles, ultimately driving revenue growth and client service. Key features include 'drag-and-drop' customization, automatic data updates, and advanced filtering options. CEO Rich Cancro emphasized the importance of making data more accessible without the need for costly consulting projects. This rollout begins today for selected clients.
Franklin Templeton announces the launch of a research series by Sandy Kaul on tech-driven megatrends influencing society and investing. This series, initiated in September 2022, outlines five key megatrends: Democratization of access, Decomposition of business delivery, Expanding power of the crowd, Institutionalization of the individual, and Quantification of behavior. The research suggests that these trends will significantly impact the asset and wealth management industry as decentralization and Web3 evolve, potentially disrupting traditional finance over the next decade.
Action! magazine has launched to provide actionable resources for wealth management professionals. This publication is aimed at various roles within firms, covering five key topics: Operational Effectiveness, Relationship Management, Revenue Growth, Investment Excellence, and Culture & Strategy. Led by experienced journalist Suleman Din, it features downloadable templates, checklists, and expert contributions. The magazine seeks to bridge the gap between ideas and execution, fostering a community for sharing best practices and insights in the industry.
FAQ
What is the current stock price of Franklin Resources (BEN)?
What is the market cap of Franklin Resources (BEN)?
What is Franklin Resources, Inc.?
How many assets does Franklin Templeton manage?
What types of clients does Franklin Templeton serve?
What is the focus of ClearBridge Investments?
How does Franklin Templeton contribute to ESG initiatives?
What are some recent achievements of ClearBridge Investments?
Where does Franklin Templeton operate?
How does Franklin Templeton ensure diversity and inclusion?
What is the mission of Franklin Templeton?
How does Franklin Templeton support the U.N. Sustainable Development Goals (SDGs)?
