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. reports developments for Franklin Templeton, a global investment manager serving individual, institutional and wealth clients across public and private markets. News commonly covers assets under management, net flows, earnings, operating results and asset-class activity across equity, fixed income, alternatives, multi-asset and cash management strategies.
Company updates also include product and platform initiatives such as model portfolios, separately managed account-style solutions and private-market access, as well as developments at subsidiaries including Western Asset Management and Fiduciary Trust International. Other recurring themes include global distribution, wealth management expansion, client group leadership and capital actions tied to the company’s NYSE-listed common stock.
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Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Leslie Gillin Bohner as the chief fiduciary officer, a new role aimed at enhancing its trust operations and administration. With significant experience in fiduciary services, Ms. Bohner will lead the firm's Delaware business and be part of the Executive Committee. The company manages over $87 billion in assets as of December 31, 2022, emphasizing its commitment to growing its fiduciary business. The firm, headquartered in New York, NY, has been serving clients since 1931.
AdvisorEngine announced the release of its Spring/Summer 2023 issue of Action! magazine at the T3 conference in Tampa, Florida. This edition focuses on pertinent wealth management issues, providing insights from nearly 40 firms and industry experts. Key topics include strategies for recruiting talent, managing budgetary challenges, compliance expectations for 2023, and technology trends. Editor Suleman Din emphasizes the need for firms to adapt to a rapidly changing environment. Action! aims to equip wealth management professionals with practical advice and innovative solutions to enhance their operations.
Franklin Resources, Inc. (NYSE:BEN) has appointed Dean R. Sackett III as Managing Director of Government Affairs. In this newly created role, Sackett will navigate U.S. policy matters, reporting to Paul Elmlinger, Deputy General Counsel and Global Head of Public Policy. With over 20 years at the Investment Company Institute, Sackett brings extensive experience in investment management policy. His focus will include areas such as retirement savings and regulatory measures impacting U.S. investors. Franklin Templeton aims to leverage this leadership change to enhance its influence in evolving policy discussions.
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AdvisorEngine has launched enhanced portfolio management features at the T3 conference, targeting investment advisory firms seeking advanced wealth management technology. The platform integrates performance reporting, rebalancing, and fee billing, providing in-depth analytics for asset tracking, including managed and non-managed assets. This unified approach streamlines operations across multiple custodians, reducing workload and costs for firms. Key functionalities include intuitive performance reporting, automated fee billing, and a comprehensive client portal to improve transparency. AdvisorEngine is a subsidiary of Franklin Resources (NYSE: BEN), boasting over $1.4 trillion in assets under management.