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), a global leader in asset management through its Franklin Templeton operations, maintains this dedicated news hub for investors and financial professionals. Access verified updates including earnings announcements, strategic partnerships, and market insights from one of the world's most established investment managers.
This curated collection provides essential information about BEN's global initiatives across equity funds, fixed income strategies, and alternative investments. Users will find official press releases alongside third-party analysis of the company's portfolio management decisions and regulatory developments.
The repository features updates on leadership changes, dividend declarations, and significant asset allocation shifts. Content is organized to help stakeholders track the company's responses to market trends and evolving investor needs.
Bookmark this page for streamlined access to BEN's latest financial disclosures and expert commentary on its position in the competitive asset management landscape. Check regularly for updates that could impact long-term investment strategies and market perceptions.
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.
Franklin Resources, Inc. (NYSE: BEN) announced a public offering of $750 million in 1.600% Notes due 2030 at an issue price of 99.778%. The offering, managed by BofA Securities and Citigroup, is expected to close on October 19, 2020. Proceeds will be used for general corporate purposes, including repaying long-term debt and possibly retiring a portion of Legg Mason’s 6.375% and 5.45% Junior Subordinated Notes due 2056. The offering is part of Franklin’s ongoing strategy to manage its financial obligations effectively.
Franklin Resources, Inc. (NYSE: BEN) reported a decline in preliminary assets under management, totaling $1,418.9 billion as of September 30, 2020, down from $1,441.3 billion in August. The breakdown includes $432.0 billion in equity, $656.7 billion in fixed income, $133.8 billion in multi-asset, and $124.0 billion in alternative investments. The company provided insight into its diverse investment management strategies while highlighting ongoing challenges in the capital markets and the impact of potential risks from economic conditions.
