Correction Form For Pf In Franklin
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Franklin Resources, Inc. NYSE:BEN, one of the world's largest investment managers, is better known as Franklin Templeton. Through our distinct specialist investment managers, we offer specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions.
Franklin Templeton is reportedly planning to cut jobs at its beleaguered subsidiary, Western Asset Management, following ongoing investigations into the bond shop. Franklin acquired WAM in 2020 from Legg Mason and has generally given the firm the freedom to operate independently.
Franklin Resources, Inc. NYSE:BEN, one of the world's largest investment managers, is better known as Franklin Templeton. Through our distinct specialist investment managers, we offer specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions.
Today, Franklin Templeton is one of the largest managers of alternative assets globally. In 2024, the company acquired Putnam Investments, which brings complementary capabilities, expanded distribution resources and a track record of strong investment performance.
Putnam is now an equity-only asset manager. Use these links to access information that has moved since our transition to Franklin Templeton.
In 2020, Jenny Johnson became CEO and President of the firm and Greg Johnson became Executive chairman. In July 2020, Franklin Templeton acquired Legg Mason, Inc.
Charles Schwab is the largest brokerage firm by AUM, managing $10.31 trillion in assets as of the end of November 2024. Vanguard is the only other brokerage with AUM close to Vanguard's.
The company was founded in 1947 in New York by Rupert H. (Harris) Johnson Sr. (1900–1989), who ran a successful retail brokerage firm from an office on Wall Street. He named the company for American polymath Benjamin Franklin because Franklin espoused frugality and prudence when it came to saving and investing.
Over the past decade, Franklin Templeton has transformed into one of the world's largest asset managers built on a foundation of close partnerships with our clients and meeting their need for expertise across every major asset class in both public and private markets.
FTDI is a broker-dealer registered with the Commission and headquartered in St. Petersburg, Florida. FTDI provides sales and marketing services and acts as the principal underwriter and distributor of shares of most of the U.S.-registered mutual funds in the Franklin Templeton Investments complex.
