Morningstar Rating

Stock Research and Analysis

by Greggory Warren, CFA

Bulls Say

Franklin is one of the 10 largest U.S.-based asset managers, with about two thirds of its total AUM sourced from domestic clients, and is the fifth-largest manager of cross-border, long-term funds globally.
Franklin has more than 130,000 active financial advisor relationships in the U.S.--the largest of which has been in place for more than 25 years--and more than 900 institutional client relationships.
A well-balanced product mix by asset class and geography has generally allowed Franklin to keep investors with the firm, even as investing styles have gone in and out of fashion. Read more 

Bears Say

Generating a larger portion of its AUM from retail investors, who tend to chase near-term performance more than institutional and high net-worth clients, Franklin is exposed to more volatility in its fund flows.
Franklin's average quarterly rate of organic growth has dropped down to less than 1% since Templeton Global Bond stumbled during the second half of 2011.
Poor investment performance from Franklin's global/international equity operations has kept the firm from benefiting from the positive inflows generated by the international stock fund category during the last decade. Read more 


Gregory Johnson has been CEO since January 2004 and chairman of the company's board of directors since June 2013, succeeding his father, Charles Johnson, in both roles. Franklin has been run by a Johnson since its early beginnings as Franklin Distributors   Read more 


Franklin Resources provides investment services for individual and institutional investors. Its funds are marketed under the Franklin, Templeton, Mutual Series, Bissett,  Read more 

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