| Market Capitalization (Millions $) |
13,154 |
| Shares
Outstanding (Millions) |
582 |
| Employees |
9,100 |
| Revenues (TTM) (Millions $) |
8,697 |
| Net Income (TTM) (Millions $) |
420 |
| Cash Flow (TTM) (Millions $) |
-585 |
| Capital Exp. (TTM) (Millions $) |
225 |
Franklin Resources Inc
Franklin Resources Inc. Overview
Franklin Resources Inc. commonly referred to as Franklin Templeton, is a diversified financial services company headquartered in San Mateo, California. It operates as a bank holding company under the Bank Holding Company Act and as a financial holding company under the Gramm-Leach-Bliley Act. The firm provides a wide range of investment advisory, investment management, and related services to open-end investment companies (mutual funds), high-net-worth individuals, institutional accounts, and other separate accounts both in the U.S. and internationally.
Core Business Segments
Franklin Templetons business is primarily organized into two segments:
1. Investment Management and Related Services:
- This segment includes the companys extensive family of retail and institutional mutual funds, alongside advisory services for high net-worth clients and institutional investors.
- Franklin Templeton sponsors a diverse range of mutual funds, including equity funds, balanced funds, fixed-income funds, and money market funds distributed under the Franklin, Templeton, Mutual Series, Bissett, and Fiduciary Trust brand names.
- Additional services include transfer agency, fund administration, distribution, and fiduciary services.
- Franklin Templeton is noted for its offerings in alternative investments such as private equity, hedge funds, real estate, and commodities through subsidiaries like K2 Advisors and Darby Overseas Investments.
2. Banking/Finance Operations:
- This segment involves retail banking and consumer lending services offered through its bank subsidiaries. Notably, Fiduciary Trust Company, a New York state-chartered bank, offers private banking services, credit products, and other banking services mainly to high-net-worth clients.
Investment Products and Services
Franklin Templeton offers a variety of investment products and services:
- Equity Investments: The firm provides investment strategies across various global equity markets.
- Fixed-Income Investments: They manage a wide range of fixed-income strategies, focusing on various bond markets.
- Alternative Investments: Franklin Templeton manages private equity, hedge funds, real estate investments, and commodities, appealing to sophisticated institutional and high-net-worth investors.
- Trust and Custody Services: Through subsidiaries, they offer comprehensive trust and related services, including estate planning, performance measurement, and custody services for non-profit organizations.
Market Position and Competition
Franklin Templeton is one of the largest investment management firms globally, benefiting from a vast distribution network and an extensive array of investment offerings. The company faces competition from many financial institutions, including investment management firms, banks, and insurance companies.
Competition is intensified by the presence of a large number of open-end investment companies in the U.S, with a growing trend of consolidation in the financial services industry. Despite this, Franklin Templetons diverse product mix and global reach position it favorably in the market.
Recent Developments
In recent years, Franklin Templeton has focused on enhancing its digital and technological capabilities to meet evolving client needs. This includes investments in digital platforms for better customer engagement and access to services. The integration of technology into their operations seeks to improve efficiency and competitiveness in a rapidly changing financial landscape.
Stock Information
Franklin Resources, Inc. trades on major stock exchanges:
- NY Stock Exchange: Ticker symbol BEN
- London Stock Exchange: Ticker Symbol FRK
Conclusion
Franklin Resources Inc. continues to evolve within the competitive financial services landscape, leveraging its extensive investment management expertise and diverse product offerings. With a focus on both traditional and alternative investments, coupled with retail banking and trust services, the firm aligns its business strategies to adapt to market changes and client demands, thereby maintaining its status as a significant player in the global financial services industry.
Company Address: One Franklin Parkway San Mateo 94403 CA
Company Phone Number: 312-2000 Stock Exchange / Ticker: NYSE BEN
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