Franklin Templeton is a leading global investment management firm headquartered in San Mateo, California. Founded in 1947 by Rupert H. Johnson Sr., the company was named after Benjamin Franklin, symbolizing values of prudence and long-term investing. Today, Franklin Templeton operates as part of Franklin Resources, Inc., a publicly traded company on the New York Stock Exchange.
As of the end of 2024, Franklin Templeton manages approximately $1.58 trillion in assets, placing it among the largest asset managers worldwide. The firm has a significant international presence, with operations in over 30 countries and continues to expand into new markets globally.
Franklin Templeton offers a broad range of investment products, including mutual funds, exchange-traded funds (ETFs), private equity, and alternative investments. The firm’s investment approach is supported by over 1,600 professionals organized into multiple specialist teams that focus on different asset classes and strategies. This expertise allows Franklin Templeton to tailor solutions to diverse client needs.
In recent years, the company has strengthened its market position through strategic acquisitions, notably acquiring Putnam Investments in early 2024, which added substantial assets under management and expanded its product offerings.
Leadership at Franklin Templeton has remained within the Johnson family, with Jennifer M. Johnson currently serving as President and CEO, continuing the family legacy.
Despite its strong position, Franklin Templeton has faced challenges, including notable outflows in its fixed-income division related to performance concerns and regulatory scrutiny. In response, the firm is increasingly focusing on private markets such as private credit and real estate to diversify revenue sources and enhance growth potential.
