Company Reports

Franklin Templeton exited August 2026 with a record $1.827 trillion in managed assets, up 11.1% year to date on $40.4 billion of market gains and $77.3 billion worth of net inflows for the firm's long-term assets under management, or AUM.

Franklin Templeton has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations, especially when addressing its poor investment performance. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in performance will take some time.

Franklin Templeton has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations, especially when addressing its poor investment performance. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in performance will take some time.

Franklin Resources has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations, especially when addressing its poor investment performance. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in performance will take some time.

Franklin Resources closed out July 2026 with a record $1.798 trillion in managed assets, up 11.2% year over year on solid market gains and $6 billion worth of net inflows for the firm's long-term assets under management.

Franklin Resources exited June 2026 with a record $1.792 trillion in managed assets. With average assets under management up 11.8% year over year and base fee rates increasing 1.2%, adjusted fiscal third-quarter revenue rose 14.0%, while adjusted operating margins rose 430 basis points to 28.0%.

Franklin Resources ended June 2026 with a record $1.788 trillion in managed assets, up 10.9% year over year on strong equity market performance and improved flows in the company's fixed-income operations, as the headwinds posed by its Western Asset Management subsidiary have waned.

Franklin Resources has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations, especially when addressing its poor investment performance. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in performance will take some time.

With the US equity markets up more than 15% in the second quarter and more than 10% year to date at the end of June 2026, most of the traditional asset managers have positive momentum coming into the second-quarter earnings season.

Franklin Resources ended May with a record $1.780 trillion in assets under management, up 13.1% year over year on strong market performance and improved flows in the fixed-income operations, as the headwinds posed by its Western Asset Management subsidiary continue to wane.

Franklin Resources has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations, especially when addressing its poor investment performance. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in performance will take some time.

Franklin Resources ended March 2026 with $1.682 trillion in managed assets. Despite base fee rates declining 2.4% year over year, adjusted fiscal second-quarter revenue rose 8.8%, while adjusted operating margins rose 365 basis points to 27.1%.

Franklin Resources has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations especially when addressing its portfolio managers' poor performance results. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in investment performance will take some time.

Franklin Resources ended December 2025 with $1.684 trillion in managed assets. Despite base fee rates declining 3.4% year over year, adjusted fiscal first-quarter revenue increased 3.8%, while adjusted operating margins rose 50 basis points to 25.0%.

Franklin ended September 2025 with $1.661 trillion in managed assets. With average long-term managed assets down 2.8% year over year and base fee rates up slightly, adjusted fiscal fourth-quarter revenue increased 5.7%, while adjusted operating margins fell 30 basis points to 26.0%.

Franklin Resources has historically had the capital to effect change but has, in our view, been lackluster about attacking deficiencies in its operations especially when addressing its portfolio managers' poor performance results. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in investment performance will take some time.

Franklin closed out June 2025 with $1.612 trillion in managed assets. With average long-term assets under management, or AUM, and fees both down year over year, adjusted fiscal third-quarter revenue declined 3.7%. With expenses up slightly, adjusted operating margins fell 200 basis points to 23.7%.

Franklin Resources has historically had the capital to effect change but has been lackluster about attacking deficiencies in its operations, in our view, especially when addressing its portfolio managers' poor performance results. While the current management team has been far more aggressive about shaking things up, meaningful changes in research and investment processes and subsequent improvements in investment performance will take time.

Franklin closed out March 2025 with $1.541 trillion in assets under management, or AUM. With average long-term AUM down and fees flat year over year, adjusted fiscal second-quarter revenue declined 3.3%. With expenses down slightly, adjusted operating margins fell 180 basis points to 23.4%.

Share prices of US-based traditional asset managers like BlackRock and T. Rowe Price are down more than 6% on average on April 3 as the markets react negatively to the Trump administration's global tariffs. While this has made some of the names we cover more approachable, we remain cautious.