Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.64 trillion as of Mar 31, 2024. This reflected an increase of 1.4% from the prior month’s level.The improvement was driven by positive markets and long-term net inflows of $8.1 billion related to Great-West Lifeco. For the quarter ended Mar 31, 2024, AUM was boosted by the upbeat markets and long-term net inflows of $6.9 billion. This included $13.6 billion related to Great-West Lifeco, offset by a fixed-in ...

RADNOR, Pa.--(BUSINESS WIRE)--Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Maris A. Ogg, CFA, and Jeffrey M. Bagley, CFA, CFP®, have joined the firm as managing director and senior portfolio manager, both based in its Radnor office. "The Mid-Atlantic region remains a vital growth market for us, and we're proud that our clients trust us to provide top-notch service and personalized solutions tailored to their needs," said Julie St ...

NEW YORK--(BUSINESS WIRE)--AdvisorEngine®, the financial experience company, continues to broaden its data connectivity capabilities through integrations with key institutional partners. AdvisorEngine announced today its integration with Charles Schwab Trust Bank, providing its wealth management platform the ability to digitally serve advisory firms with client accounts at the bank. Charles Schwab Trust Bank is a fiduciary-oriented bank that provides trust and custody services to more than 20,000 employ ...

Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.62 trillion as of Feb 29, 2024. This reflected an increase of 1.3% from the prior month’s level.The improvement was driven by positive markets and long-term net inflows, including the previously disclosed $5.5 billion in the retirement channel. However, fixed-income institutional client redemption of $2 billion affected the AUM balance.BEN recorded equity assets of $572.8 billion, which increased 4% from th ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today announced the reorganization of ClearBridge All Cap Growth ESG ETF (CACG) into ClearBridge Large Cap Growth ESG ETF (LRGE). This reorganization is expected to be completed on or around June 14, 2024. The reorganization of CACG into LRGE includes the transfer of substantially all of CACG’s assets, net of any liabilities, to LRGE in exchange for shares of LRGE. Shares of LRGE will be distributed to current shareholders of CACG, and cash will be dis ...

SAN MATEO, Calif.--(BUSINESS WIRE)--The American workplace landscape is undergoing profound shifts according to the latest survey from Franklin Templeton. In its fourth year, Franklin Templeton’s Voice of the American Workplace Survey found that 91 percent of employers experienced turnover rates exceeding 10 percent in 2023. Furthermore, employee expectations, particularly regarding compensation, are on the rise, with 80 percent of employers struggling to meet demands for increased compensation. This year's ...

Investors looking for stocks in the Financial - Investment Management sector might want to consider either Franklin Resources (BEN) or BlackRock (BLK) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stock ...

SAN MATEO, Calif.--(BUSINESS WIRE)--According to the inaugural Franklin Templeton Institute Global Investment Management Survey, the U.S. Federal Reserve will deliver four interest rate cuts this year, in line with the four cuts predicted by the futures market and one more than the three cuts projected by the Fed’s own “dot plot.” As a result, the 30-year mortgage rate is projected to fall from nearly 6.7% to roughly 5.6% by the end of 2024. The survey results, revealed today by Franklin Templeton, encom ...

Core Insights - The introduction of spot Bitcoin ETFs has significantly impacted the digital asset market, driving Bitcoin prices to $50,000, with expectations for Ethereum ETFs to have a similar effect [1] - Major asset management firms like Franklin Templeton, BlackRock, VanEck, Fidelity, and Invesco are actively pursuing Ethereum ETFs, indicating a growing interest in cryptocurrency investments [3][4][6][8][10] Group 1: Franklin Templeton - Franklin Templeton has $1.4 trillion in assets under management and aims to expand its offerings to include Ethereum ETFs, aligning with the increasing demand for cryptocurrency investments [2][3] - The approval of the SEC filing for Ethereum ETFs could enhance Franklin Templeton's market position and contribute to a potential market boom [3] Group 2: BlackRock - BlackRock, with $9 trillion in assets under management, has adapted its strategy towards cryptocurrencies, recently adding a Bitcoin ETF and filing for an iShares Ethereum Trust [4][5] - The filing for Ethereum ETFs has positively influenced the market, with Ether's price increasing by 1.19% following the announcement [5] Group 3: VanEck - VanEck's Digital Transformation ETF has surpassed $100 million in assets under management, reflecting the rising interest in digital finance and Ethereum ETFs [6] - The SEC is expected to respond to VanEck's filing for a spot Ethereum ETF by the end of May, marking a critical moment for the company [6] Group 4: Fidelity - Fidelity Digital Assets has been a pioneer in providing custody solutions for cryptocurrencies and continues to advocate for the approval of crypto ETFs [8] - The introduction of cryptocurrency 401(k) accounts by Fidelity demonstrates its commitment to modern investment solutions and customer education [9] Group 5: Invesco - Invesco manages $1.5 trillion in assets and has partnered with Galaxy Digital to launch an Ethereum ETF, showcasing its diverse investment strategies [10] - The company's established reputation in the mutual fund industry may provide a competitive advantage in the cryptocurrency sector [11]

Franklin Resources, Inc. (BEN) reported its preliminary month-end assets under management (AUM) of $1.60 trillion as of Jan 31, 2024. This reflected an increase of 9.6% from the prior month’s level.The increase was driven by the acquisition of Putnam Investments (closed on Jan 1). This was partly offset by modest long-term net outflows.BEN recorded a fixed income AUM of $565.9 billion at the end of January 2024, increasing 10.6% from the December-end level. Further, Equity Income assets were $550.9 billion, ...