What is the history of Franklin Resources Inc.?

Franklin Resources Inc., commonly known as Franklin Templeton, has a rich history that dates back to its founding in 1947 by Rupert H. Johnson Jr. Initially starting as a small investment management firm in New York City, the company focused on offering mutual funds to individual investors. In the succeeding decades, Franklin Resources Inc. experienced significant growth as it expanded its product offerings and geographic reach. In 1971, the company introduced the Franklin Income Fund, which became one of its flagship investment products and garnered substantial attention. The firm's strong performance in the mutual fund industry led to its public offering in 1985, enabling it to raise capital for further expansion. Throughout the 1990s and 2000s, Franklin Resources Inc. continued to grow through a series of strategic acquisitions, including the purchase of Templeton, Galbraith & Hansberger in 1992. This acquisition allowed the firm to enhance its international presence and diversify its investment strategies. During the 2000s, the company further expanded its global footprint by acquiring various asset management firms and ramping up its sales and distribution capabilities. Franklin Resources Inc. became known for its commitment to investment research and client service. This approach helped solidify its position as a prominent player in the asset management industry. In recent years, Franklin Templeton has continued to adapt to changing market conditions and investor preferences, offering a broad range of investment solutions, including equity, fixed income, alternative investments, and multi-asset strategies. The firm remains focused on innovation and aims to provide comprehensive investment management services to clients around the world. For more specific details and recent updates, individuals may consider visiting the current web page associated with the firm.