SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today launched its first digital assets-backed exchange-traded fund (ETF), the Franklin Bitcoin ETF, under the ticker EZBC. The fund is a spot bitcoin ETF available for U.S. investors and seeks to reflect the performance of the price of bitcoin, less the expense of fund operations. It is offered on the Cboe BZX Exchange, Inc. and priced at 29 basis points. EZBC is the latest expansion of the growing Franklin Templeton Digital Assets and ETF platforms. " ...

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.46 trillion at December 31, 2023, compared to $1.41 trillion at November 30, 2023. This month’s increase in AUM reflected the impact of positive markets and long-term net inflows. For the quarter ended December 31, 2023, AUM reflected the positive impact of markets, partially offset by long-term net outflows of $5.0 billion, which include $10 ...

Lexington Partners, a unit of Franklin Resources Inc.’s BEN, +1.56% Franklin Templeton arm, on Tuesday said it raised $22.7 billion in capital commitments for Lexington Capital Partners X LP, for investments in private-equity fund stakes. The fund’s original target was $15 billion. Fund X surpassed its predecessor Fund IX, which closed on $14 billion in 2020. Fund X will acquire private-equity and alternative asset partnership portfolios from large-scale investors as they rebalance their allocations or see ...

– Lexington Capital Partners X Significantly Surpasses Target – NEW YORK, Jan. 9, 2024 /PRNewswire/ -- Lexington Partners ("Lexington"), a leading manager of secondary acquisition funds, today announced the completion of fundraising for Lexington Capital Partners X, L.P. ("LCP X") with $22.7 billion of total capital commitments.  The fund surpassed its $15 billion fundraising target and significantly exceeded Lexington's prior secondary fund, LCP IX, which closed on $14 billion in 2020.  LCP X's strategy is ...

SAN MATEO, Calif.--(BUSINESS WIRE)--On Monday, January 29, 2024 at approximately 8:30 a.m. Eastern Time, Franklin Resources, Inc. (the “Company”) [NYSE:BEN] will release its first quarter operating results. A written commentary on the results will also be available via investors.franklinresources.com at approximately 8:30 a.m. Eastern Time. In addition, Jenny Johnson, President and CEO; Matthew Nicholls, Executive Vice President, CFO and COO; and Adam Spector, Executive Vice President - Global Advisory Ser ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Franklin Resources (BEN) . This company, which is in the Zacks Financial - Investment Management industry, shows potential for another earnings beat.This investment manager has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for th ...

The offering enables a white-labeled solution for plan advisers to deliver an AI-powered, actionable advice platform for workplace benefits and financial wellnessBOULDER, Colo. and NEW YORK and SAN MATEO, Calif., Jan. 4, 2024 /PRNewswire/ -- TIFIN, a leading AI and innovation platform for wealth, and Franklin Templeton, a global leader in asset management, have announced a partnership to launch TIFIN @Work, a groundbreaking financial wellness solution designed to empower employees and enhance their financia ...

Franklin Resources, Inc. (BEN) completed the acquisition of Putnam Investments, a global asset management firm, from Great-West Lifeco on Jan 1, 2024. Putnam had $142 billion (excluding PanAgora) in assets under management (AUM) as of November 2023. Hence with the acquisition, Franklin’s AUM as of Nov 30, 2023, increased to $1.55 trillion from the $1.37 billion reported as of fiscal 2023 end.At the time of deal announcement in May 2023, the acquisition of Putnam was valued at around $925 million in a stock- ...

Core Insights - Fiduciary Trust International has appointed Matt McKean as a wealth director in Boca Raton, enhancing its wealth management capabilities focused on high-net-worth individuals and families [1][2][3] - The firm has over $91 billion in assets under management and administration as of September 30, 2023, indicating a strong position in the wealth management industry [4] Company Overview - Fiduciary Trust International is a global wealth management firm headquartered in New York, serving individuals, families, endowments, and foundations since 1931 [4] - The firm specializes in strategic wealth planning, investment management, trust and estate services, as well as tax and custody services [4] Industry Context - The South Florida area has seen an influx of wealth and business relocation over the past decade, increasing demand for investment services, particularly in legacy planning [2] - The wealth management industry relies heavily on trust in client relationships, which is essential for long-term success [2]

SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the successful completion on January 1, 2024 of its acquisition of Putnam Investments (“Putnam”) from Great-West Lifeco, Inc. (“Great-West”). Per the terms of the transaction, Great-West becomes a long-term shareholder in Franklin Resources, Inc., consistent with Great-West’s continuing commitment to asset management. “ With complementary capa ...