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Franklin Resources Inc   (BEN)
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    Sector  Financial    Industry Investment Services
   Industry Investment Services
   Sector  Financial

Franklin Resources Inc 's

Competitiveness


 

BEN Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, Franklin Resources Inc reported Total Revenue increase in the 3 quarter 2021 by 34.02 % year on year.
The sales growth was above Franklin Resources Inc 's competitors average revenue growth of 13.03 %, recorded in the same quarter.

List of BEN Competitors

With net margin of 34.06 % company achieved higher profitability than its competitors.

More on BEN Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Franklin Resources Inc Net Income in the 3 quarter 2021 grew year on year by 487.19 %, faster than average growth of Franklin Resources Inc 's competitiors of 45.05 %

<<  More on BEN Income Comparisons


Franklin Resources Inc 's Comment on Competitors and Industry Peers


The financial services industry is a highly competitive global industry. There are approximately 7,600 registered open-end mutual funds of varying sizes, and with varying investment policies and objectives, whose shares are offered to the public in the U.S., and there were approximately 66,900 registered open-end mutual funds whose shares are offered to the public outside the U.S. (in each case excluding exchange-traded funds).

We face strong competition from numerous investment management companies, securities brokerage and investment banking firms, insurance companies, banks and other financial institutions, which offer a wide range of financial and investment management services to the same institutional accounts, separate accounts, retail investors and high net-worth clients that we are seeking to attract. Competition is based on various factors, including, among others, business reputation, investment performance, product mix and offerings, service quality and innovation, distribution relationships, and fees charged.

Due to our international presence and varied product mix, it is difficult to assess our market position relative to other investment managers on a worldwide basis, but we believe that we are one of the more widely diversified asset managers based in the U.S. We believe that our equity and fixed-income asset mix coupled with our global presence will serve our competitive needs well over the long term. We continue to focus on the long-term performance of our investment products, service to clients and extensive marketing activities through our strong broker/dealer and other financial institution distribution network as well as with high net-worth and institutional clients. We believe that performance, diversity of products and customer service, along with fees and costs, are the primary drivers of competition in the financial services industry.

The periodic establishment of new investment management firms and investment products increases the competition that we face. Many of our competitors have long-standing and established relationships with broker/dealers, investment advisers and their clients. Others have focused on, offer and market specific product lines, which provide strong competition to certain of our asset classes. In addition, consolidation in the financial services industry has created stronger competitors, some with greater financial resources and broader distribution channels than our own.

We rely largely on third-party broker/dealers and other similar independent financial intermediaries to distribute and sell our fund shares. We have and continue to pursue sales relationships with all types of financial intermediaries to broaden our distribution network. We have experienced increased costs related to maintaining our distribution channels and we anticipate that this trend will continue. A failure to maintain strong business relationships with the major intermediaries who currently distribute our products may also impair our distribution and sales operations. Additionally, competing broker/dealers whom we rely upon to distribute and sell our mutual funds may also sell their own proprietary funds and investment products, which could further limit the distribution of our investment products. Any inability to access and successfully sell our products to clients through third-party distribution channels could have a negative effect on our level of AUM, related revenues and overall business and financial condition.

We maintain a technology platform to compete with the rapidly developing and evolving marketplace. However, technology is subject to rapid change and we cannot guarantee that our competitors may not implement more advanced platforms for their products, which could affect our business.

We believe that we are well positioned to deal with changes in marketing trends as a result of our already extensive advertising activities and broad based marketplace recognition. In conjunction with our subsidiaries, we conduct advertising and promotional campaigns through various media sources to promote brand recognition, and advertise in major financial publications, as well as on television and the Internet, to promote brand name recognition and to assist our distribution network. Such activities include purchasing network and cable programming, sponsorship of sporting events, newspaper and magazine advertising, online and paid search advertising and social media marketing.





  

Overall company Market Share Q3 2021

Due to strong revenue growth of 34.02 % in Overall company Franklin Resources Inc improved its market share, to approximate 0.91 %.



<<  More on BEN Market Share.
 

*Market share calculated with total revenue.


BEN's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Franklin Resources Inc 8,426 17,031 2,095 9,300
Associated Capital Group Inc 180 872 106 72
American International Group Inc 47,646 47,495 5,801 65,000
Artisan Partners Asset Management Inc 1,175 2,747 445 370
Bank Of America Corporation 87,152 375,042 30,435 224,000
Blucora Inc 862 835 -197 487
The Bank Of New York Mellon Corporation 15,648 49,194 3,658 50,300
Bok Financial Corp 2,010 7,272 654 4,789
Popular Inc 2,665 6,379 896 7,810
Bear Stearns Companies Inc. 0 0 0 0
Citigroup inc 70,454 126,556 22,847 241,000
Community Choice Financial Inc. 454 0 -176 3,356
Citizens Financial Group Inc 6,896 20,365 2,132 17,000
Cifc Llc 0 0 0 82
Calamos Asset Management, Inc. 0 0 0 348
Credit Suisse Group Ag 22,389 24,650 2,666 48,200
Cyngn Inc 1,007 5 201 3,570
Diamond Hill Investment Group Inc 195 639 73 126
East West Bancorp inc 1,761 11,308 819 2,833
First Citizens Bancshares Inc 1,938 8,076 562 5,734
First Financial Bankshares Inc 520 7,465 231 1,270
First Interstate Bancsystem Inc 647 2,516 189 1,742
Credit Suisse Ag 22,686 0 3,095 0
First Midwest Bancorp Inc 729 2,289 177 1,790
Fnb Corp 1,215 3,870 378 2,747
First Niagara Financial Group Inc 1,326 0 255 5,428
Financial Engines, Inc. 520 2,900 52 527
Fifth Street Asset Management Inc. 49 0 -29 70
Fulton Financial Corp 928 2,634 275 3,460
Wedbush ETFMG Video Game Tech 0 0 0 217
Glacier Bancorp Inc 792 5,558 312 2,245
Genworth Financial Inc 8,359 2,077 1,019 5,300
The Goldman Sachs Group Inc 55,205 141,446 20,195 34,000
Great Western Bancorp Inc 503 1,863 203 1,475
The Hartford Financial Services Group Inc 21,902 23,979 2,152 17,500
Hilltop Holdings inc 2,043 2,769 442 5,300
Iberiabank Corp 1,182 2,266 384 3,084
Independence Bancshares, Inc. 3 3 -2 30
Jmp Group Llc 216 540 36 0
Janus Capital Group Inc 1,522 2,629 122 1,209
Jpmorgan Chase and Co 131,414 482,950 48,275 241,359
Kkr Financial Holdings Llc 546 0 293 1
Lehman Brothers Holdings Inc. 0 0 0 0
Lincoln National Corporation 18,761 12,858 1,328 9,627
Mbia Inc 233 604 -348 252
Mellon Financial Corporation 0 0 0 0
Merrill Lynch & Co., Inc. 0 0 0 0
Mma Capital Holdings Inc 26 162 3 55
Morgan Stanley 58,871 183,465 14,816 55,802
Nbt Bancorp Inc 476 1,613 153 1,721
National Penn Bancshares Inc 0 0 0 1,606
Ofg Bancorp 524 1,292 136 1,466
Bank Of The Ozarks Inc 253 1,556 87 1,642
Peoples United Financial Inc 1,939 7,529 600 4,856
Principal Financial Group inc 13,482 19,527 1,488 14,873
Park National Corporation 457 2,206 148 1,793
Prudential Financial Inc 70,539 41,471 7,574 48,331
Privatebancorp, Inc 505 5,031 123 1,219
Regions Financial Corporation 7,162 21,780 4,149 23,723
B Riley Financial inc 1,729 2,249 555 217
Renasant Corp 664 2,078 170 1,996
Silvercrest Asset Management Group Inc 127 159 20 109
Stifel Financial Corp 4,546 8,504 752 7,100
Simmons First National Corp 818 3,249 613 1,946
Svb Financial Group 5,469 41,543 2,139 2,089
Santander Holdings Usa Inc 10,617 0 3,404 15,150
Southstate Corp 1,539 5,558 455 2,058
S and t Bancorp Inc 315 1,222 105 1,067
Suntrust Banks Inc 9,119 31,305 2,687 26,281
State Street Corp 11,889 33,261 2,137 29,970
Triumph Bancorp Inc 430 3,325 127 500
Starco Brands Inc 1,085 0 264 0
Tidelands Bancshares Inc 0 0 0 79
Price T Rowe Group Inc 7,443 47,822 3,295 5,870
United Bankshares Inc 1,104 4,685 398 1,701
United Community Banks Inc 753 3,050 269 1,883
Umb Financial Corp 1,223 5,134 348 3,830
Union Bankshares Inc 49 138 18 0
Us Bancorp De 23,508 84,647 7,832 66,750
Valley National Bancorp 1,307 5,778 464 2,929
Westamerica Bancorporation 218 1,538 89 813
Western Alliance Bancorporation 1,799 11,379 847 1,446
Webster Financial Corporation 1,242 4,904 358 2,946
Wells Fargo and Company 78,974 202,107 18,467 264,900
Wesbanco Inc 653 2,208 241 1,633
Wintrust Financial Corp 1,766 5,172 469 0
Alliancebernstein L p 3,172 14,277 722 3,600
Blackrock Inc 19,926 142,592 6,313 13,000
Blackstone Inc 20,443 97,774 11,249 2,060
Carlyle Group Inc 8,298 19,948 2,939 1,700
Comerica Incorporated 3,327 11,352 1,155 8,876
Cohen and Steers Inc 555 4,604 157 275
Cowen Inc 2,128 1,157 347 769
Drive Shack Inc 272 160 -12 0
Energy Transfer Lp 58,794 22,791 6,289 0
Eaton Vance Corp 1,730 9,130 133 1,473
Evercore Inc 3,119 5,835 774 1,400
Fortress Investment Group Llc 1,438 3,960 638 3,325
Fifth Third Bancorp 8,212 31,040 2,712 18,351
Gamco Investors Inc Et Al 280 666 79 168
Argentum 47 Inc 0 4 -1 10
U s Global Investors Inc 48 76 29 40
Gwg Holdings Inc 31 165 -316 50
Huntington Bancshares Incorporated 5,325 22,935 1,198 0
Hennessy Advisors Inc 33 81 8 21
First Internet Bancorp 116 437,878 47 152
Independent Bank Corp 492 2,737 154 1,051
Invesco Ltd 6,919 10,977 1,743 6,264
Wright Investors Service Holdings Inc 0 9 -1 0
Kkr and co inc 14,188 49,068 15,880 1,196
Lazard Ltd 3,159 4,983 526 2,610
Legg Mason Inc 2,883 523 304 2,979
Lpl Financial Holdings Inc 7,208 13,454 463 3,410
Ladenburg Thalmann Financial Services Inc 1,469 501 23 1,307
Medley Management Inc 33 37 -18 80
Merriman Holdings, Inc 0 0 0 31
Manning and Napier Inc 143 181 25 474
NATIONAL CITY CORP. 0 0 0 0
NORTH FORK BANCORPORATION, INC. 0 0 0 0
Noah Holdings Ltd 1,032 1,125 -114 2,688
Brightsphere Investment Group Plc 886 1,501 137 1,163
Prime Global Capital Group Inc 2 34 0 13
Pjt Partners Inc 1,001 3,110 207 353
Pnc Financial Services Group Inc 18,111 86,090 5,875 0
Pzena Investment Management Inc 201 853 103 88
Rcs Capital Corp 0 0 0 1,942
Safeguard Scientifics Inc 9 151 28 30
Stonex Group Inc 36,823 1,273 175 0
Synovus Financial Corp 1,973 7,003 652 4,511
Sundance Strategies Inc 0 271 -1 3
Frelii, Inc. 0 0 -6 1
Viking Energy Group Inc 20 67 -35 5
Voya Financial Inc 4,626 7,820 2,167 7,000
Virtus Investment Partners Inc 918 2,400 242 426
Waddell and Reed Financial Inc 1,081 1,561 54 1,691
Wisdomtree Investments Inc 278 1,053 19 177
Westwood Holdings Group Inc 69 143 -3 168
Zais Group Holdings, Inc. 31 88 -1 77
Black Creek diversified property fund inc 212 0 31 1
SUBTOTAL 1,105,797 3,219,767 290,938 1,718,369


       
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