• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Franklin Templeton Appoints Global COO to Help Expand Growing Wealth Management Alternatives Business

    10/31/24 9:15:00 AM ET
    $BEN
    Investment Managers
    Finance
    Get the next $BEN alert in real time by email

    New position strengthens firm's ambition to become top provider of alternative wealth solutions globally

    Franklin Templeton today announced the appointment of George Stephan to the newly created position of Global Chief Operating Officer of Wealth Management Alternatives.

    Reporting to Adam Spector, Franklin Templeton's Executive Vice President and Head of Global Distribution, Stephan oversees alternative investments product innovation and investor services and assists with business development, management and operations. Stephan will partner with the firm's distribution leaders around the world to help drive the overall distribution strategy in addition to advisor education for the alternative investments business in the private wealth channel.

    Franklin Templeton is now one of the largest managers in alternative assets globally, amounting to approximately 16% (US$264 billion) of the firm's $1.65 trillion in assets under management as of June 30, 2024. Its specialist investment managers, each with deep domain expertise, provide a diverse range of alternative asset capabilities including private credit and real estate debt from Benefit Street Partners-Alcentra, real estate equity from Clarion Partners, secondary private equity and co-investments from Lexington Partners, hedged strategies from Franklin Templeton Investment Solutions and pre-IPO growth equity investments from Franklin Venture Partners.

    "With more than 40 years of experience in alternatives and 382 alternative investment professionals around the world, we have been deliberate about building our capabilities in multiple ways – through acquisitions of specialists like Benefit Street Partners, Lexington and Clarion and by onboarding our offerings to key advisor platforms to make them more accessible to investors," Spector said. "The result is that Franklin Templeton is one of the few traditional asset managers to build a successful alternatives business spread across a broad range of strategies and geographies."

    Stephan previously spent five years at Kohlberg Kravis Roberts & Co. (KKR), as the Head of Strategy and Business Development for the firm's Global Client Solutions business. Before that, he was Chief Operating Officer and Head of Investor Relations for KKR's Global Wealth Solutions business in the Americas. Prior to joining KKR, Stephan spent nine years at Morgan Stanley's wealth management division.

    Stephan holds a B.S. in finance and an MBA from Wagner College. He currently serves on the Leadership Advisory Council of Wagner College Nicolais School of Business.

    About Franklin Templeton

    Franklin Resources, Inc. (NYSE:BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of September 30, 2024. For more information, please visit franklintempleton.com and follow us on LinkedIn, X and Facebook.

    ©2024 Franklin Templeton. All rights reserved.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241031852465/en/

    Get the next $BEN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Q&A

    New
    • Who has been appointed as the Global Chief Operating Officer of Wealth Management Alternatives at Franklin Templeton?

      Franklin Templeton appointed George Stephan as the Global Chief Operating Officer of Wealth Management Alternatives to enhance its alternative wealth solutions.

    • What are George Stephan's primary responsibilities in his new role at Franklin Templeton?

      Stephan is responsible for overseeing alternative investments product innovation, investor services, business development, management, and operations.

    • What proportion of Franklin Templeton's assets under management is allocated to alternative assets?

      Franklin Templeton manages approximately $264 billion in alternative assets, making up about 16% of its total $1.65 trillion in assets under management as of June 30, 2024.

    • What is George Stephan's experience prior to joining Franklin Templeton?

      Stephan has over 40 years of experience in alternative investments, having previously worked at KKR and Morgan Stanley in various strategic roles.

    • What is Franklin Templeton's strategic ambition following the appointment of George Stephan?

      Franklin Templeton aims to strengthen its position as a leading provider of alternative wealth solutions globally, reflecting its strategic focus on alternative investments.

    Recent Analyst Ratings for
    $BEN

    DatePrice TargetRatingAnalyst
    1/6/2025$21.00 → $22.00Sell → Neutral
    Goldman
    9/12/2024$20.00Equal Weight
    Wells Fargo
    8/27/2024$20.00Underweight
    Barclays
    1/8/2024$24.00 → $30.00Underweight → Equal Weight
    Wells Fargo
    1/4/2024$32.00Market Perform
    TD Cowen
    7/10/2023$20.00 → $24.00Market Perform
    BMO Capital Markets
    12/15/2022$26.00Underweight
    Wells Fargo
    10/19/2022$21.00Neutral
    Credit Suisse
    More analyst ratings

    $BEN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Franklin Resources upgraded by Goldman with a new price target

      Goldman upgraded Franklin Resources from Sell to Neutral and set a new price target of $22.00 from $21.00 previously

      1/6/25 7:42:13 AM ET
      $BEN
      Investment Managers
      Finance
    • Wells Fargo initiated coverage on Franklin Resources with a new price target

      Wells Fargo initiated coverage of Franklin Resources with a rating of Equal Weight and set a new price target of $20.00

      9/12/24 7:31:34 AM ET
      $BEN
      Investment Managers
      Finance
    • Barclays initiated coverage on Franklin Resources with a new price target

      Barclays initiated coverage of Franklin Resources with a rating of Underweight and set a new price target of $20.00

      8/27/24 7:16:20 AM ET
      $BEN
      Investment Managers
      Finance

    $BEN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Franklin Resources, Inc. Announces Preliminary Month-End Assets Under Management

      Franklin Resources, Inc. (Franklin Templeton) (NYSE:BEN) today reported preliminary month-end assets under management (AUM) of $1.53 trillion at April 30, 2025, compared to $1.54 trillion at March 31, 2025. This month's AUM reflected the impact of preliminary long-term net outflows of $10 billion, inclusive of $10 billion of long-term net outflows at Western Asset Management1, partially offset by the positive impact of FX. Excluding Western Asset Management, preliminary long-term net inflows were flat. By Asset Class: (In USD billions) Preliminary 30-Apr-25 31-Mar-25 31-Dec-24 30-Sep-24 30-Apr-24 Equity $ 597.3 $ 598.1 $ 620.0

      5/5/25 5:10:00 PM ET
      $BEN
      Investment Managers
      Finance
    • Franklin Templeton Canada Introduces Lexington Partners' Private Equity Expertise to Canadians

      TORONTO, May 5, 2025 /CNW/ - Franklin Templeton Canada today introduced Lexington Partners – a global pioneer in the development of institutional secondary markets with more than US$76 billion1 in total capital – with the launch of Franklin Lexington PE Secondaries Fund that is available to Canadian accredited investors. Franklin Lexington PE Secondaries Fund provides an opportunity to invest in a diversified portfolio of private equity investments acquired through secondary transactions and co-investments within a semi-liquid accessible structure. "As part of our commitment t

      5/5/25 10:00:00 AM ET
      $BEN
      Investment Managers
      Finance
    • Franklin Resources, Inc. Announces Second Quarter Results

      Franklin Resources, Inc. (the "Company") (NYSE:BEN) today announced net income1 of $151.4 million or $0.26 per diluted share for the quarter ended March 31, 2025, as compared to $163.6 million or $0.29 per diluted share for the previous quarter, and $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024. Operating income was $145.6 million for the quarter ended March 31, 2025, as compared to $219.0 million for the previous quarter and $129.3 million for the prior year. As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies other than generally accepted accounting principles. Adjusted net income2 w

      5/2/25 8:30:00 AM ET
      $BEN
      Investment Managers
      Finance

    $BEN
    Financials

    Live finance-specific insights

    See more
    • Franklin Resources, Inc. Announces Second Quarter Results

      Franklin Resources, Inc. (the "Company") (NYSE:BEN) today announced net income1 of $151.4 million or $0.26 per diluted share for the quarter ended March 31, 2025, as compared to $163.6 million or $0.29 per diluted share for the previous quarter, and $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2024. Operating income was $145.6 million for the quarter ended March 31, 2025, as compared to $219.0 million for the previous quarter and $129.3 million for the prior year. As supplemental information, the Company is providing certain adjusted performance measures which are based on methodologies other than generally accepted accounting principles. Adjusted net income2 w

      5/2/25 8:30:00 AM ET
      $BEN
      Investment Managers
      Finance
    • Franklin Templeton Canada Announces ETF Cash Distributions

      TORONTO, April 23, 2025 /CNW/ - Franklin Templeton Canada today announced cash distributions for certain ETFs and ETF series of mutual funds available to Canadian investors. As detailed in the table below, unitholders of record as of April 30, 2025, will receive a per-unit cash distribution payable on May 8, 2025. Fund Name Ticker Type Cash Distribution Per Unit ($) Payment Frequency Franklin Brandywine Global Sustainable Income Optimiser Fund – ETF Series FBGO   Active   0.065863 Monthly Franklin ClearBridge Sustainable Global Infrastructure Income Fund – ETF Series   FCII   Active   0.070261 Monthly Franklin Canadian Government Bond Fund – ETF Series FGOV   Active   0.049997 Monthly Frank

      4/23/25 4:00:00 PM ET
      $BEN
      Investment Managers
      Finance
    • Franklin Templeton Canada Announces ETF Cash Distributions

      TORONTO, March 24, 2025 /CNW/ - Franklin Templeton Canada today announced cash distributions for certain ETFs and ETF series of mutual funds available to Canadian investors. As detailed in the table below, unitholders of record as of March 31, 2025, will receive a per-unit cash distribution payable on April 8, 2025.   Fund Name Ticker   Type Cash Distribution Per Unit ($) Payment Frequency   Franklin Core ETF Portfolio – ETF Series CBL   Active 0.120159 Quarterly   Franklin Conservative Income ETF Portfolio – ETF Series CNV   Active 0.154118 Quarterly   Franklin All-Equity ETF Portfolio – ETF Series EQY   Active 0.060190 Quarterly   Franklin Brandywine Global Sustainable Income Optimiser Fu

      3/24/25 4:00:00 PM ET
      $BEN
      Investment Managers
      Finance

    $BEN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Franklin Resources Inc.

      SC 13D/A - FRANKLIN RESOURCES INC (0000038777) (Filed by)

      12/12/24 1:55:24 PM ET
      $BEN
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13D/A filed by Franklin Resources Inc.

      SC 13D/A - FRANKLIN RESOURCES INC (0000038777) (Filed by)

      12/6/24 6:28:52 PM ET
      $BEN
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13D/A filed by Franklin Resources Inc.

      SC 13D/A - FRANKLIN RESOURCES INC (0000038777) (Filed by)

      12/2/24 4:32:37 PM ET
      $BEN
      Investment Managers
      Finance

    $BEN
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Johnson Charles B bought $7,442 worth of shares (420 units at $17.72) and sold $7,379 worth of shares (420 units at $17.57) (SEC Form 4)

      4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)

      4/7/25 3:03:55 PM ET
      $BEN
      Investment Managers
      Finance
    • Large owner Johnson Charles B bought $1,957,000 worth of shares (100,000 units at $19.57), increasing direct ownership by 0.11% to 89,375,067 units (SEC Form 4)

      4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)

      3/5/25 12:49:43 PM ET
      $BEN
      Investment Managers
      Finance
    • Large owner Johnson Charles B bought $1,907,990 worth of shares (100,000 units at $19.08), increasing direct ownership by 0.11% to 89,308,192 units (SEC Form 4)

      4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)

      9/13/24 12:36:35 PM ET
      $BEN
      Investment Managers
      Finance

    $BEN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President and CEO Johnson Jennifer M gifted 946 shares, decreasing direct ownership by 0.04% to 2,620,166 units (SEC Form 4)

      4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)

      5/8/25 2:52:05 PM ET
      $BEN
      Investment Managers
      Finance
    • President and CEO Johnson Jennifer M gifted 23,575 shares and received a gift of 23,575 shares, decreasing direct ownership by 0.89% to 2,621,112 units (SEC Form 4)

      4 - FRANKLIN RESOURCES INC (0000038777) (Issuer)

      5/7/25 1:48:19 PM ET
      $BEN
      Investment Managers
      Finance
    • Affiliate of Investment Adv. Franklin Resources Inc sold $10,000,000 worth of shares (863,558 units at $11.58) (SEC Form 4)

      4 - FRANKLIN RESOURCES INC (0000038777) (Reporting)

      4/21/25 7:04:36 PM ET
      $BEN
      Investment Managers
      Finance

    $BEN
    Leadership Updates

    Live Leadership Updates

    See more
    • Fiduciary Trust International Welcomes New Wealth Director in Atlanta

      Industry Leader Brings Decades of Experience Across Wealth Management to the Firm's Growing Atlanta Team Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Jason Thomas has joined the firm as a wealth director based in Atlanta, GA, a key growth market for the firm. Mr. Thomas previously served on the advisory board for Fiduciary Trust International's Atlanta market. "Jason has been advising clients and cultivating trusted relationships in Atlanta and throughout the Southeast for over 20 years," said David Edmiston, Fiduciary Trust International's regional managing director for Atlanta and Washington D.C. "An accomplis

      1/29/25 9:10:00 AM ET
      $BEN
      Investment Managers
      Finance
    • Franklin Templeton Appoints Global COO to Help Expand Growing Wealth Management Alternatives Business

      New position strengthens firm's ambition to become top provider of alternative wealth solutions globally Franklin Templeton today announced the appointment of George Stephan to the newly created position of Global Chief Operating Officer of Wealth Management Alternatives. Reporting to Adam Spector, Franklin Templeton's Executive Vice President and Head of Global Distribution, Stephan oversees alternative investments product innovation and investor services and assists with business development, management and operations. Stephan will partner with the firm's distribution leaders around the world to help drive the overall distribution strategy in addition to advisor education for the altern

      10/31/24 9:15:00 AM ET
      $BEN
      Investment Managers
      Finance
    • Nano One Announces Resignation of Paul Matysek and Appointment of Industry Veteran Anthony Tse as New Chair of the Board of Directors

      VANCOUVER, BC / ACCESSWIRE / October 1, 2024 / (TSX:NANO)(OTC:NNOMF)(Frankfurt:LBMB)Nano One® Materials Corp. ("Nano One" or the "Company"), a clean technology company with a patented process for the low-cost, low-GHG production of lithium-ion battery cathode active materials (CAM), is pleased to announce that Mr. Anthony Tse has been appointed Chair of the Board of Directors.Mr. Tse will succeed Paul Matysek, who is the founding Chair of Nano One and resigning as part of a planned transition to an advisory role that supports the incoming Chair and Board. Mr. Matysek is honoured to have presided over Nano One's growth and leadership for more than a decade."On behalf of Nano One and our share

      10/1/24 3:05:00 AM ET
      $BEN
      $LICY
      Investment Managers
      Finance
      Environmental Services
      Industrials

    $BEN
    SEC Filings

    See more
    • SEC Form 10-Q filed by Franklin Resources Inc.

      10-Q - FRANKLIN RESOURCES INC (0000038777) (Filer)

      5/2/25 8:44:30 AM ET
      $BEN
      Investment Managers
      Finance
    • Franklin Resources Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - FRANKLIN RESOURCES INC (0000038777) (Filer)

      5/2/25 8:42:15 AM ET
      $BEN
      Investment Managers
      Finance
    • SEC Form 13F-HR filed by Franklin Resources Inc.

      13F-HR - FRANKLIN RESOURCES INC (0000038777) (Filer)

      2/12/25 1:13:34 PM ET
      $BEN
      Investment Managers
      Finance