Investment funds and
One Franklin Parkway
San Mateo, CA 94403
CEO: Gregory Johnson
Stock Symbol: BEN
Franklin Resources is a global investment
management organization known as Franklin Templeton Investments.
The company offers investment solutions under the Franklin, Templeton,
Mutual Series, Bissett, Fiduciary Trust and Darby Overseas names.
It also manages investment vehicles for individuals, institutions,
pension plans, trusts, partnerships and other clients.
Franklin offers more than 200 investment
products and offers both growth- and value-style equity products,
as well as several focused sector portfolios.
Company headquarters are located just south
of San Francisco, in San Mateo, CA, with additional offices in
29 countries around the world. Franklin offers investment solutions
and services in more than 100 countries.
In fiscal 2005, Franklin Resources reported
revenues of $4.3 billion and net income of $1.05 billion.
The company has more than $491 billion
in assets under management.
Franklin Distributors, Inc., the original
investment advisor and wholesale distributor for the Franklin
Group of Funds, was founded in New York in 1947 by Rupert H.
Johnson, Sr. Johnson named the company for U.S. founding father
Benjamin Franklin whom he greatly admired for his business philosophy,
which was, "With money and financial planning, prudence
That same year, 1947, Franklin introduced
the Custodian Funds, a series including conservatively managed
equity and bond funds that was designed to provide a diversified
product line that would appeal to most investors. This approach
proved successful, and by 1960 Franklin was managing several
million dollars in assets.
Charles B. Johnson, the company's current
chairman, joined Franklin Distributors, Inc., as president and
CEO in 1957 and assumed those positions with Franklin Resources,
Inc., when it was formed in 1969.
Franklin's business continued to expand
during the 1960s, and in 1969, Franklin Resources, Inc., was
formed as a holding company and parent corporation for Franklin
Distributors, Inc. The company went public in 1971, trading its
shares in the over-the-counter market.
It was Franklin Money Fund that launched
the company's tremendous asset growth in the 1980s. In 1979,
four years after its introduction, the fund began a growth surge
that made it Franklin's first billion-dollar fund by 1981.
In 1981, Franklin introduced one of the first double tax-free
income funds when it changed the portfolio structure of Franklin
Tax-Free Income Fund (introduced in 1977) to begin investing
solely in California municipal bonds. Franklin California Tax-Free
Income Fund's success led Franklin to introduce more than 40
tax-free income funds, both national and state-specific, over
the next 12 years.
In October 1992, Franklin completed the
acquisition of Templeton, Galbraith & Hansberger Ltd., the
manager and operator of the Templeton Family of Funds. Templeton's
origins date back more than 50 years to when Sir John Templeton
developed an investment counseling system based on detailed techniques
of security analysis.
- Medical - Begins on the first day of
the month following your date of hire. Coverage available to
employees who work more than 20 hours per week. Prescription
coverage also available. Company pays most of premium.
- Dental - Company pays most of premium
and includes basic and preventative care.
- Vision - Covers exams, glasses and contact
- Disability - Short- and long-term coverage
at no cost.
- Life insurance - Life and accidental
death insurance at coverage of 1.5 times annual salary.
- 401(k) & profit sharing - Employer
- Employee stock plan - 10% share discount
- Compensation - Base pay plus incentive
or bonus plans
- Flexible spending plan -
- Discount fund purchase - Purchase Franklin
Templeton investments with no sales charge.
Updated May 4, 2006