Stock price Franklin Resources (BEN) today

Franklin Resources is a public holding company, one of the largest asset management companies in the world.

Through its subsidiaries, the company provides its services to individuals, institutions, pension plans, trusts and partnerships. The firm invests in equity, fixed income and alternative markets. Founded in 1947 under the name Franklin Distributors, Inc., changed its name after the purchase of Templeton, Galbraith & Hansberger Ltd. in 1992. Initially, the company was a series of conservatively managed equity and bond funds designed for most investors. In 1971, the company became public, in 1986, the company's shares began to be traded on the NYSE, representative offices appeared outside the United States. In 1988, it was bought by the LF Rothschild Fund. Assets managed by Franklin grew from just over $ 2 billion in 1982 to over $ 40 billion in 1989. In 2000, Bissett Funds was acquired, which became the key brand of the holding in Canada. As of July 31, 2008, Franklin Resources, Inc. managed over 570 billion dollars in all assets around the world. To date, the amount of assets exceeds 700 billion dollars.