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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 Templeton's subsidiary, Fiduciary Trust International, has appointed Darlene Marchesani as director of Delaware trust administration. With over 25 years of expertise in tax and fiduciary law, she will enhance the firm's trust and estate services. Marchesani aims to guide high-net-worth clients through complex financial landscapes. The firm manages over $86 billion in assets and continues expanding its offerings to protect clients' wealth. This strategic move comes as the firm remains committed to client collaboration and long-term financial security.
The Franklin Limited Duration Income Trust (NYSE:FTF) has declared a dividend of $0.0770 per common share, payable on December 15, 2020, to shareholders of record as of November 30, 2020. The dividend consists of $0.0334 in net investment income and $0.0436 in return of principal. FTF operates under a managed distribution plan with an annual minimum fixed rate of 10%, linked to the average net asset value (NAV). This plan aims to provide stable monthly distributions, although there is no guarantee of success.
Franklin Templeton has launched Tango, a turnkey robo-advisor developed in partnership with Bambu and Apex Clearing, designed to enhance personalized wealth management. Tango features the proprietary Goals Optimization Engine (GOE™), which provides tailored portfolio management based on individual client goals. This digital platform aims to offer a seamless experience, allowing advisors to focus on client relationships without the burden of extensive back-office tasks. Tango can be implemented cost-effectively in 8-10 weeks, enhancing Franklin Templeton's position in the digital wealth management space.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) totaling $1,466.7 billion as of November 30, 2020, reflecting an increase from $1,391.6 billion at the end of October 2020. This rise in AUM is attributed to growth across various asset classes, including fixed income and equity. The company continues to leverage its extensive investment management expertise to serve clients worldwide, aiming to enhance client outcomes through a diverse range of investment solutions.
Fiduciary Trust International, a global wealth manager and subsidiary of Franklin Templeton, announces the recognition of Gail E. Cohen as one of the "Influential Business Women" by the South Florida Business Journal for 2020. With over 30 years of experience, Cohen leads the firm's South Florida operations and is noted for her leadership in wealth management and community involvement. The annual awards honor women demonstrating strong leadership and innovation while engaging in their communities. Fiduciary Trust manages over $86 billion in assets.
Fiduciary Trust International, a wealth management firm, has appointed Amy Ko as senior relationship manager and managing director in San Mateo, California. Ko brings extensive experience from her previous roles, including managing director at Silicon Valley Bank Private & Wealth Advisory Group. The firm aims to enhance its client relationships and expand its presence in Northern California. With over $86 billion in assets under management, Fiduciary Trust continues to grow its investment and wealth management services, supported by the expertise of seasoned professionals.
According to the Franklin Templeton-Gallup Economics of Recovery Study, 35% of investors with financial advisers report being "very confident" in their investment strategy compared to 15% of those without advisers. The study, conducted from October 1-9, 2020, surveyed over 5,000 U.S. adults and highlighted that higher confidence levels correlate with greater consumer engagement in economic recovery activities. Additionally, nearly half (48%) of investors are currently working with a financial adviser, showcasing the advisers' role in fostering investor confidence and stimulating economic activity.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,391.6 billion as of October 31, 2020, a decrease from $1,418.9 billion at the end of September 2020. The decline reflects fluctuations across several asset classes. Notably, fixed income decreased from $656.7 billion to $652.8 billion, and equity assets fell from $432.0 billion to $418.1 billion. The firm continues to highlight its global investment management capabilities, serving clients in over 165 countries.
Fiduciary Trust International has appointed Julia C. Wirts as a portfolio manager in its Radnor office. Formerly an investment advisor at Hawthorn, PNC Family Wealth, she managed portfolios for clients with over $20 million in assets. With expertise in socially responsible investing, Ms. Wirts aims to enhance the firm's presence in Philadelphia. This addition follows the acquisition of The Pennsylvania Trust Company, which managed approximately $4 billion in assets. Fiduciary Trust International manages more than $82 billion in assets across various services.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary net income of $78.9 million or $0.15 per diluted share for Q4 2020, a significant decline from $290.4 million or $0.58 in the previous quarter and $306.4 million or $0.61 in Q4 2019. Annual net income for FY 2020 was $798.9 million or $1.59 per share, down 33% year-over-year. Despite challenges, the company experienced record net inflows of $5.7 billion in U.S. fixed income and a robust performance from acquired assets, achieving an end-of-year AUM of $1,418.9 billion.
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