Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

BEN - Franklin Resources, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Jan 10, 2020.

  1. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
    Franklin Resources, Inc. is a publicly owned asset management holding company.

    Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.

    It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

    The firm invests in the public equity, fixed income, and alternative markets.

    Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Hyderabad, India.
     
    TomB16 likes this.
  2. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
  3. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
    Franklin Templeton Subsidiary Extends Presence into New England with $6 Billion U.S. Wealth Manager

    Fiduciary Trust Company International, a global wealth manager and wholly-owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], today announced that it has entered into an agreement to acquire Athena Capital Advisors, LLC in a merger transaction. Athena Capital, a nationally registered investment advisor (RIA), has approximately $6 billion in assets under management. The acquisition will expand Fiduciary Trust Company International’s offerings, further diversifying the firm’s investment solutions for meeting the evolving needs of high-net-worth and ultra-high-net-worth clients.

    Established in 1993 by Lisette Cooper, PhD, Athena Capital Advisors is based in Lincoln, MA, with an additional office in New York, NY. The firm’s capabilities include building diversified portfolios through an endowment style of investing, as well as impact investing, outsourced chief investment officer (OCIO) services, and family office support services.

    "Lisette has built an impressive team, and I look forward to working with them to help clients of both organizations reach their long-term goals," said John M. Dowd, CEO of Fiduciary Trust Company International. "Athena Capital brings enhanced investment research, manager selection, and due diligence that will complement and strengthen our existing strategic advisory services. Athena Capital is a pioneer in the field of impact investing, working with clients to align their investment portfolios with their social and mission-based values. Athena’s suburban-Boston location deepens our reach in the New England area, increasing the breadth and depth of our offering and enhancing the value we can bring to clients of both firms."

    Dr. Cooper, Managing Partner and Chief Investment Officer of Athena Capital Advisors, added: "Fiduciary Trust Company International is an ideal pairing for Athena Capital Advisors, and we’re eager to integrate our expertise so we can provide our collective client base with a full suite of offerings to meet the changing long-term needs of individuals, foundations, and endowments."

    "We are confident that Athena Capital Advisors’ experience and customized approach to wealth management—combined with Fiduciary Trust Company International’s investment excellence, extensive trust and estate, tax, and digital expertise and resources—will help optimize the client experience for families and generations to come," said Jenny Johnson, President and COO of Franklin Templeton.

    The transaction is subject to customary closing conditions and is anticipated to close in Franklin Templeton’s second quarter of fiscal 2020. Following the acquisition, Fiduciary Trust Company International’s assets under management will be approximately $25 billion. Terms of the deal were not disclosed.

    Goodwin Procter served as legal counsel to Fiduciary Trust Company International and Franklin Templeton. Raymond James | Silver Lane served as Athena Capital Advisors’ financial advisor on the transaction, and Holland & Knight served as its legal advisor.

    https://finance.yahoo.com/news/fiduciary-trust-company-international-acquire-140000533.html



     
  4. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
  5. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
    Franklin Templeton is pleased to announce its receipt of a perfect score of 100 percent on the Human Rights Campaign (HRC) Foundation’s 2020 Corporate Equality Index (CEI), the nation’s premier benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality.

    Franklin Templeton earned top marks in the national survey for the fourth consecutive year and was designated as a Best Place to Work for LGBTQ Equality.

    https://finance.yahoo.com/news/franklin-templeton-receives-top-marks-165900998.html
     
  6. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
    Franklin Resources Inc. BEN reported first-quarter fiscal 2020 (ended Dec 31) earnings of 70 cents per share, beating the Zacks Consensus Estimate of 67 cents. Results also compare favorably with the earnings of 54 cents per share recorded in the prior-year quarter.

    The company’s results display higher revenues and assets under management (AUM). Also, a strong capital position was a positive. However, net outflows and escalating expenses were undermining factors.

    Operating income was $392.7 million in the reported quarter compared with the prior-year quarter’s $411.5 million.

    Net income was $350.5 million compared with the $275.9 million recorded in the prior-year quarter.

    https://finance.yahoo.com/news/franklins-ben-q1-earnings-beat-150203414.html
     
  7. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
    Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management of $688.0 billion at January 31, 2020, compared to $698.3 billion at December 31, 2019.

    Assets under management declined as net new outflows moderated and market returns were negative. Preliminary average assets under management for the quarter, through January 31, 2020, were $693.1 billion.

    https://finance.yahoo.com/news/franklin-resources-inc-announces-month-213000409.html
     
  8. Marvan

    Marvan Active Member

    Joined:
    Mar 16, 2019
    Messages:
    482
    Likes Received:
    45
    Franklin Resources Nears All-Cash Deal to Buy Legg Mason

    Franklin Resources Inc. is nearing an all-cash offer for asset manager Legg Mason Inc., a deal that would create an investing giant with more than $1 trillion in assets under management, according to people familiar with the matter.

    The owner of investment manager Franklin Templeton could announce a deal for almost $4.5 billion as soon as Tuesday for Legg Mason, said the people, who asked to not be identified because the matter isn’t public. Representatives for Franklin Resources and Legg Mason declined to comment.

    They are discussing a transaction that would value Legg Mason at $50 per share, a 23% premium to the Baltimore-based company’s share price Friday, the people said. San Mateo, California-based Franklin Resources is expected to have $1.5 trillion in assets under management after the deal closes, the people added.

    The move comes less than a year after activist investor Trian Fund Management took a 4.5% stake in Legg Mason, enough to secure its founder Nelson Peltz a position on the board. Just days later, the fund manager said it would cut about 12% of its staff and reduce its executive committee to four from eight members. Peltz said at the time his three top priorities were “significantly reducing costs, driving revenue growth organically and through acquisition, and increasing profitability.”

    https://finance.yahoo.com/news/franklin-resources-nears-cash-deal-071816557.html
     

Share This Page