Franklin Resources Inc Stock Price, News & Analysis

Franklin Templeton has appointed Barbara Ziegler and Tim Quagliarello as Senior Vice Presidents in Client Advisors for US Institutional services. Ziegler, based in Southern California, has over 30 years of industry experience, previously managing institutional relationships at DoubleLine Capital. Quagliarello, who brings 14 years of experience, most recently served at PIMCO. Their roles will focus on expanding partnerships with institutional clients, enhancing Franklin Templeton’s robust asset management capabilities. This follows a series of strategic hires aimed at strengthening the firm's institutional investment services.

Royce Value Trust, Inc. (NYSE:RVT) has announced a quarterly distribution of $0.27 per share on its Common Stock, payable on March 24, 2023. Shareholders can opt for cash or additional shares through a specific election, with the ex-dividend date set for March 10, 2023. The Trust's distribution policy reflects a 7% annual rate based on the rolling average of net asset values. Notably, a portion of the distribution may be classified as a return of capital. For the 2023 year-to-date, the estimated sources of distribution include net investment income, short-term and long-term gains, and return of capital, with 56% of the distribution potentially being a return of capital.

Franklin Templeton has appointed Tony Davidow as the new Senior Alternatives Investment Strategist at the Franklin Templeton Institute. Davidow brings over 30 years of experience in alternative investments, previously working with major firms like Morgan Stanley and Guggenheim. He is tasked with enhancing advisors' understanding of alternative investments, coinciding with increased access to private market investments. As of December 31, 2022, Franklin Templeton manages approximately $257 billion in alternative assets globally. Davidow aims to leverage this expertise to deliver insights and support to clients.

Franklin Templeton partnered with Junior Achievement of Northern California on February 9, 2023, to host Aragon High School students in a FinTech event aimed at educating youth about the integration of technology in finance.

The event, held at Franklin Templeton's San Mateo campus, included presentations from company experts and tours of the FinTech Incubator. This initiative is part of Franklin Templeton's commitment to fostering financial literacy and career readiness among students, helping them connect academic success to future opportunities in financial services and entrepreneurship.

Franklin Templeton, a global investment management organization, engaged in various community service initiatives throughout late 2022 and early 2023. This included participating in Rock the Street, Wall Street, a program aimed at enhancing financial literacy among high school girls. The company's employees also contributed to RAFT, creating educational STEAM kits, and supported the Society of St. Vincent de Paul in Florida with food preparation. Further, they observed World AIDS Day in India to promote awareness among children. Franklin Templeton manages approximately $1.4 trillion in assets and serves clients across 155 countries.