Publicly traded but family managed, Franklin Resources BEN is parent to Franklin Templeton Investments. The firm closed its acquisition of Legg Mason for USD 4.5 billion on July 31, 2020, creating a USD 1.5 trillion asset manager (assets under management as of Feb. 28, 2021). Given some uncertainty surrounding the integration of the seven Legg Mason investment boutiques Franklin acquired, Franklin's Parent rating remains Average.
Franklin Templeton Investments
MarketUS Open-end ex MM ex FoF ex Feeder
Total Net Assets408.19 Bil
Investment Flows (TTM)−48.71 Bil
Asset Growth Rate (TTM)−9.79%
# of Share Classes821
# of Share Classes
Morningstar Rating Overall
5-Year Category Rank
|BrandywineGLOBAL High Yield A||2|
|ClearBridge Sustainability Leaders A||2|
|ClearBridge Select A||5|
|BrandywineGLOBAL Flexible Bond A||9|
|BrandywineGLOBAL Corporate Credit A||10|
Where Is Franklin Templeton Headed?
CEO Jenny Johnson on the firm’s pickup of Legg Mason and the future of active management.