Franklin Resources, Inc. (BEN) completed the acquisition of Putnam Investments, a global asset management firm, from Great-West Lifeco on Jan 1, 2024. Putnam had $142 billion (excluding PanAgora) in assets under management (AUM) as of November 2023. Hence with the acquisition, Franklin’s AUM as of Nov 30, 2023, increased to $1.55 trillion from the $1.37 billion reported as of fiscal 2023 end.At the time of deal announcement in May 2023, the acquisition of Putnam was valued at around $925 million in a stock- ...

Core Insights - Fiduciary Trust International has appointed Matt McKean as a wealth director in Boca Raton, enhancing its wealth management capabilities focused on high-net-worth individuals and families [1][2][3] - The firm has over $91 billion in assets under management and administration as of September 30, 2023, indicating a strong position in the wealth management industry [4] Company Overview - Fiduciary Trust International is a global wealth management firm headquartered in New York, serving individuals, families, endowments, and foundations since 1931 [4] - The firm specializes in strategic wealth planning, investment management, trust and estate services, as well as tax and custody services [4] Industry Context - The South Florida area has seen an influx of wealth and business relocation over the past decade, increasing demand for investment services, particularly in legacy planning [2] - The wealth management industry relies heavily on trust in client relationships, which is essential for long-term success [2]

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the successful completion on January 1, 2024 of its acquisition of Putnam Investments (“Putnam”) from Great-West Lifeco, Inc. (“Great-West”). Per the terms of the transaction, Great-West becomes a long-term shareholder in Franklin Resources, Inc., consistent with Great-West’s continuing commitment to asset management. “ With complementary capa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) FRANKLIN RESOURCES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 13-2670991 One Franklin Parkway, San Mateo, CA 94403 (Address of principal executive offices) (Zip code) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ...

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FORM 10-Q (MARK ONE) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09318 FRANKLIN RESOURCES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdic ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09318 FRANKLIN RESOURCES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09318 FRANKLIN RESOURCES, INC. (Exact name of registrant as specified in its charter) (State or other juri ...