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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.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of
Franklin Resources announced preliminary net income of $232.7 million or $0.46 per diluted share for Q3 FY2022, down from $256.4 million or $0.50 in Q2 FY2022 and $665.7 million or $1.30 in Q3 FY2021. For the fiscal year, net income was $1,291.9 million or $2.53 per share, a 29% decline year-over-year. Assets under management (AUM) decreased by 15% to $1.297 trillion. Despite macroeconomic pressures, the firm saw net inflows in alternative investments and improved performance in EMEA regions. The company maintains a strong cash position of $6.8 billion.
Franklin Templeton has completed the acquisition of BNY Alcentra Group Holdings, increasing its alternative assets under management to
Franklin Universal Trust (NYSE: FT) announced its estimated sources of distribution for the monthly payment on October 31, 2022. Each share will receive $0.0425, derived entirely from net investment income. Year-to-date cumulative distributions remain at $0.0425 per share. The Fund aims to provide high current income with capital preservation, while the average annual total return over the past five years was 3.06%. Shareholders are advised that distribution amounts are estimates and subject to change.
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.
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