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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.
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.
Franklin Templeton has announced its transition of the 403(b) business to PCS Retirement's Aspire platform, enhancing offerings for public and non-profit workers. This partnership combines Franklin Templeton's investment management expertise with Aspire's transparent services. Participants will now have access to mutual funds, Roth 403(b) plans, and financial literacy tools, aiming for lower costs and greater transparency. Franklin Templeton's commitment to improving 403(b) plans is set to strengthen its presence in the K-12 market, aligning with its mission to promote financial well-being for all U.S. workers.
Franklin Templeton is transitioning its 403(b) business to PCS Retirement's Aspire 403(b) platform, enhancing investment options for public and non-profit workers. This collaboration aims to provide high-quality, low-cost solutions, focusing on transparency and increased accessibility to mutual funds. Participants will benefit from new features like Roth 403(b) plans and improved financial literacy tools. This move strengthens Franklin Templeton's commitment to the K-12 market and aims to improve financial independence for underserved workers.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of
Franklin Universal Trust (NYSE: FT) announced a monthly distribution of
Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of
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