Franklin Resources Inc Stock Price, News & Analysis

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.

Franklin Universal Trust (NYSE: FT) announced a monthly distribution of $0.0425 per share from net investment income, payable on September 30, 2022. Shareholders of record on September 19, 2022 will receive this payment, with an Ex-Dividend Date of September 16, 2022. The Fund aims to provide high current income while preserving capital, and its distribution amounts may vary based on net investment income. The Fund's performance should not be inferred from current distribution amounts.

Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of $0.0480 per share, payable on September 30, 2022. The payment will be distributed to shareholders of record as of September 19, 2022, with an ex-dividend date of September 16, 2022. The Fund operates under a managed distribution plan that provides a minimum fixed rate of 10% annually based on the average monthly net asset value. However, the sustainability of these distributions is not guaranteed and may involve returns of capital.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0318 per share from net investment income, payable on September 30, 2022, to shareholders of record on September 19, 2022. The Fund's fee waiver has been extended until December 31, 2022. Post this date, management fees will increase to 0.700% for assets up to $200 million. The Fund operates a managed distribution plan aiming for an annual minimum fixed rate of 8% based on average monthly net asset value, but performance is not guaranteed.