You might also like
Franklin Resources, Inc., operating under the Franklin Templeton brand, is a global investment management organization. The company offers a diverse range of investment products and services, including sponsored funds, institutional and high-net-worth separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles . These products span various asset classes such as equity, fixed income, alternative, multi-asset, and cash management solutions . The company's revenues are primarily derived from investment management fees, which are based on a percentage of assets under management (AUM) .
- Investment Management Fees - Generates revenue through fees based on a percentage of assets under management, which are the largest contributor to the company's operating revenues .
- Sponsored Funds - Offers a variety of funds that are managed and marketed under the Franklin Templeton brand and other subsidiary names .
- Institutional and High-Net-Worth Separate Accounts - Provides tailored investment solutions for institutional clients and high-net-worth individuals .
- Retail Separately Managed Account Programs - Delivers personalized investment management services for retail investors .
- Sub-Advised Products - Supplies investment management services to products sponsored by other companies, which may be sold under those companies' brand names or on a co-branded basis .
- Sales and Distribution Fees - Earns revenue from fees associated with the distribution and sale of investment products .
- Shareholder Servicing Fees - Collects fees for providing services to shareholders of the investment products .
- Other Investment Vehicles - Includes various other investment solutions across different asset classes .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jennifer M. Johnson ExecutiveBoard | President and CEO | Director at Thermo Fisher Scientific Inc. | Jennifer M. Johnson has been with BEN since May 2003, holding various leadership roles. She became CEO in February 2020 and has played a pivotal role in the company's growth and technological advancements. | View Report → |
Rupert H. Johnson, Jr. ExecutiveBoard | Vice Chairman and Director | None | Rupert H. Johnson, Jr. has been with BEN since 1971 and Vice Chairman since December 1999. He has over 55 years of experience in the global fund management industry and has served on various industry boards. | |
Adam B. Spector Executive | EVP, Head of Global Distribution | None | Adam B. Spector joined BEN in October 2020 and became EVP, Head of Global Distribution in February 2023. He oversees global retail and institutional distribution, marketing, and product strategy. | |
Matthew Nicholls Executive | EVP, CFO, and COO | None | Matthew Nicholls is the EVP, CFO, and COO of BEN as of February 5, 2025. Further details about his tenure, achievements, or external roles are not provided in the documents. | |
Terrence J. Murphy Executive | EVP, Head of Public Markets | None | Terrence J. Murphy is listed as EVP, Head of Public Markets. Further details about his tenure, achievements, or external roles are not provided in the documents. | |
Thomas C. Merchant Executive | EVP, General Counsel, and Secretary | None | Thomas C. Merchant is the EVP, General Counsel, and Secretary of BEN as of November 1, 2023. Further details about his tenure, achievements, or external roles are not provided in the documents. |
-
With the ongoing investigations into Western Asset and the significant net outflows of $37 billion in the fourth quarter and $49 billion for the fiscal year , how does management plan to mitigate the impact on financial performance and regain client confidence in this segment?
-
You have set a goal to fundraise at least $100 billion across private markets over the next five years ; given that you raised $14.8 billion in fiscal year 2024 , what specific strategies will you implement to achieve this ambitious target amidst market uncertainties in real estate and private credit?
-
Considering your aim to scale ETF AUM by 3x and Canvas assets by 5x over the next five years , what are the key drivers you anticipate will contribute to this growth, and how will you differentiate your offerings in a highly competitive ETF market?
-
With significant investments in AI, blockchain, and digital assets as strategic priorities , how are you balancing these investments with disciplined expense management, and how do you plan to generate tangible returns from these technologies?
-
Despite improvements in mutual fund investment performance in the 1-, 3-, and 10-year periods , the company experienced long-term net outflows of $32.6 billion for the fiscal year ; what are the underlying factors contributing to these outflows, and what measures are you taking to reverse this trend and achieve sustainable organic growth?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Putnam Investments | 2024 | Franklin Resources completed the acquisition on January 1, 2024, from Great-West Lifeco Inc. The deal involved 31.61 million shares, $221.7 million cash at closing plus $100.0 million deferred cash, totaling $1,234.4 million, and added significant AUM (up to $180 billion with positive net flows) while achieving over $150 million in annual cost savings, enhancing its position in the insurance and retirement sectors. |
BNY Alcentra Group Holdings, Inc. | 2022 | Franklin Templeton acquired the company on November 1, 2022, from The Bank of New York Mellon Corporation with an initial cash payment of approximately $587.3 million (including $188.3 million for investments) and contingent payments up to $350 million. The strategic move nearly doubled its alternative credit assets under management and expanded its European credit and private debt capabilities. |
Lexington Partners L.P. | 2022 | Franklin Resources completed the acquisition on April 1, 2022, with an upfront cash consideration of $1.0 billion, plus deferred cash payments totaling $750.0 million, funded from its existing cash. The deal, which included additional goodwill (initially around $1,105.3 million) and intangible assets worth $552.0 million, strengthened its alternative asset capabilities and included retention awards for key employees. |
Recent press releases and 8-K filings for BEN.
- Strong Q2 2025 earnings: Reported net income of $151.4 million, diluted EPS of $0.26, and operating income of $145.6 million; adjusted net income reached $254.4 million with adjusted EPS of $0.47, though a ~20% decline was noted due to lower operating income and a $41 million seed investment loss .
- AUM Milestone: Total AUM reached $1.54 trillion as of March 31, 2025, including approximately $470 billion in non-U.S. assets, impacted by fee rate effects and Western outflows .
- Robust Asset Flows: Achieved record ETF inflows of $4.1 billion, with long-term inflows up 9% and positive net flows (excluding Western outflows) of $7.4 billion; fixed income segments also showed strength with positive flows in munis, short-duration, and CLO strategies .
- Market Dynamics: Faced significant global turbulence due to geopolitical tensions and tariff uncertainties while maintaining robust client activity and a diversified asset allocation strategy .
- New Fund Launch: Debuted the Franklin Lexington Private Markets Fund, which raised $2 billion in AUM .