In February, Franklin Templeton announced it would be acquiring Legg Mason and this transaction successfully completed on Friday, 31 July 2020. Legg Mason Australia is now part of Franklin Resources, Inc.
Franklin Resources, Inc., is a global investment management organisation, operating as Franklin Templeton, which is headquartered in California. Franklin Resources, Inc., provides, through its subsidiaries, deep investment expertise across all asset classes – including equity, fixed income, and multi-asset solutions. Franklin Resources, Inc. is listed on the New York Stock Exchange and has employees in over 34 countries.
From large institutions to individual investors, each of their clients wants the same thing. To achieve their financial goals. And for more than 70 years, they have helped them do exactly that. Everything they do at Franklin Templeton is focused on delivering clients better outcomes. And that’s why clients in more than 160 countries have entrusted them with their investments, making them one of the world’s largest asset managers with over USD $1.4 trillion* in assets under management.
Franklin Templeton provides centralised business and distribution support for all of its Specialist Investment Managers, which includes world- renowned investment managers such as Brandywine Global, Clarion Partners, Martin Currie, QS Investors, RARE and Western Asset. These Specialised Investment Managers operate independently under their own investment process and each is considered an industry expert in their asset class.
*As of 30/6/20. Assets under management represent combined assets of Franklin Templeton, Legg Mason, and subsidiary investment management groups. Franklin Templeton acquired Legg Mason on 31/7/20.