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. It is also the fifth-largest global manager of cross-border, long-term funds.
Franklin has amassed 250,000 active financial advisor relationships worldwide--the largest of which has been in place for more than 25 years--and more than 900 institutional client relationships.
Franklin's fixed-income performance has been solid, with 80% or more of its long-term AUM beating peers on a one-, three-, five- and 10-year basis at the end of June. Read more 

Bears Say

Weaker investment performance from Franklin's global/international equity operations has kept the firm from benefiting from the inflows generated by the international stock fund category during the past decade.
While more than 70% of Franklin's equity and hybrid funds were beating peers on a five- and 10-year basis at the end of June, less than 40% of its long-term AUM was besting peers over the past one- and three-year time frames.
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. Read more 

Management

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 

Profile

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

3 Banking Takeaways From the Quarter 
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