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, trading under the ticker symbol BEN, generates news across multiple dimensions of the global asset management industry. As one of the world's largest investment managers operating through the Franklin Templeton brand family, the company's announcements span fund performance updates, strategic acquisitions, product launches, and regulatory developments affecting both the firm and the broader investment management sector.
Investment performance drives significant news coverage, particularly for the firm's flagship fixed income and international equity strategies that have defined its market position for decades. Quarterly earnings reports reveal trends in assets under management, fee revenues, and net client flows—metrics that reflect both market movements and the company's competitive standing. Franklin Resources' multi-brand structure means news may originate from any of its specialized subsidiaries, including Western Asset Management, Legg Mason, Clarion Partners, or other investment teams managing distinct strategies.
Strategic developments represent another major news category for Franklin Resources. Acquisitions that expand the firm's capabilities into new asset classes or geographic markets generate substantial coverage, as do partnerships involving the company's blockchain technology platform for tokenized investment products. Product launches, particularly in the growing exchange-traded fund segment and alternative investments, signal the firm's response to evolving client preferences and market opportunities. Regulatory filings including proxy statements reveal executive compensation structures and governance matters relevant to shareholders of this publicly traded investment manager.
For investors tracking Franklin Resources, this news feed provides comprehensive coverage of material developments affecting the company's business operations, competitive positioning, and financial performance. Bookmark this page to monitor announcements from one of the asset management industry's most established firms serving retail, institutional, and high-net-worth clients worldwide.
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.
Franklin Resources, Inc. (NYSE:BEN) will disclose its fourth quarter and fiscal year 2020 operating results on October 27, 2020, at 8:30 a.m. ET. A written commentary will accompany the results and be available on the company’s investor relations website. Following this, a live teleconference hosted by key executives will occur at 11:00 a.m. ET, providing an opportunity for analysts and investors to ask questions. A replay of the teleconference will be accessible afterward, and stakeholders are encouraged to review recent SEC filings for additional insights.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has welcomed Amanda Rice as a senior portfolio manager in Radnor, PA. This move follows the firm's acquisition of The Pennsylvania Trust Company, enhancing its local presence with $4 billion in assets under management. Pennsylvania Trust was recognized as No. 1 in Trust Administration for the second consecutive year. Rice brings over 35 years of wealth management experience, having previously worked with high-net-worth clients and foundations, further strengthening Fiduciary Trust's investment and wealth management capabilities.
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