Franklin Resources Inc Stock Price, News & Analysis

Franklin Templeton is enhancing its Goals Optimization Engine (GOE) by integrating with LifeYield for tax-efficient investment planning and income sourcing. This partnership aims to assist advisors in managing client goals more effectively, especially during decumulation stages. Franklin Templeton's use of LifeYield technology has reportedly uncovered an additional $2.5 billion in Social Security benefits for clients. The GOE uses advanced portfolio strategies to optimize client outcomes across investment goals.

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 $1,387.6 billion as of August 31, 2022. This is a decrease from $1,429.7 billion on July 31, 2022, primarily due to market impacts and long-term net outflows. The breakdown of AUM shows $525.4 billion in fixed income, $435.8 billion in equity, and $225.9 billion in alternatives. The company continues to serve clients globally, emphasizing investment expertise.