Home Contact Us Job Search Select a location About Us Investor Relations News Center Corporate Governance Careers UNITING STRENGTHS. EXPANDING OPPORTUNITIES. Franklin Resources, Inc. 2020 Annual Report Highlights READ ENTIRE REPORT View Form 10-K Read Important Information Regarding Forward-Looking Statements and Non-GAAP Financial Information Your browser does not support the video tag. CEO Letter to Stockholders CFO Q&A Investment Excellence & Scale Directors and Officers Global Citizenship Read Full Report Dear fellow stockholders, I have been eager to write my first letter to you as Chief Executive Officer. Like you, we did not expect this past year to unfold the way it did. The outbreak of a global pandemic tested people and governments, businesses and industries, economies and markets. It’s still testing all of us. But for Franklin Templeton, 2020 was also a year of major accomplishments that we are excited to share with you. To start, we could not be prouder of how our employees repeatedly rose to the challenges of the COVID-19 pandemic, embodying our commitment to always put clients first. At the same time, we succeeded in advancing our long-term strategic plans—most importantly, the completion of our landmark acquisition of Legg Mason on July 31, 2020. With the addition of Legg Mason, Franklin Templeton embarks on a new chapter in our global growth story by uniting the complementary strengths of two world-class companies, providing new opportunities for our investors and clients while creating additional value for stockholders. Our progress highlights why we are more confident than ever about our future. Overview A landmark acquisition Investment performance Customization to meet clients’ needs Investments in innovation Fostering diversity and inclusion Maintaining fiscal responsibility Looking to the future We’re now one of the world’s largest independent asset managers. Growth based on strength In this Q&A, Chief Financial Officer Matthew Nicholls discusses the strategic considerations behind our decision to acquire Legg Mason and the benefits it brings to our clients and stockholders. He also outlines our financial strength, touching on expense management initiatives and how they balance with our growth initiatives and any future acquisition opportunities. Matthew Nicholls Executive Vice President Chief Financial Officer Franklin Resources, Inc. READ Q&A Opportunities through acquisition is a cornerstone of our strategy. Investment excellence and scale For decades, Franklin Templeton has offered clients a broad choice of investment solutions rooted in the capabilities and expertise of our diverse investment teams. With the acquisition of Legg Mason, we’ve taken that strategy further. We can connect clients to an unmatched collection of specialist investment managers and approximately 1,300 investment professionals within the combined organization. And, while operating independently, each specialist investment manager benefits from the large-scale data, infrastructure and research of our larger firm. OUR SPECIALIST INVESTMENT MANAGERS OUR INVESTMENT CAPABILITIES Our acquisition of Legg Mason brings key, differentiated capabilities to complement Franklin Templeton’s existing range of investment strategies. It increases our strength across all major asset classes: core fixed income, active equities, alternatives and multi-asset solutions. Together, our combined strengths let us offer clients a complete lineup of investment capabilities and high-quality investment options. Equity Value Deep Value Core Value Blend GARP Growth Convertibles Sector Shariah Smart Beta Thematic Fixed Income Government Municipals Corporate Credit Bank Loans Securitized Multi-Sector Currencies Sukuk Multi-Asset Income Real Return Balanced/Hybrid Total Return Target Date/Risk Absolute Return Tactical Asset Allocation Managed Volatility Alternatives Private Debt Hedge Funds Private Equity Real Estate Infrastructure We’ve brought together more expertise, capabilities and solutions. Directors and officers BOARD OF DIRECTORS Gregory E. Johnson Rupert H. Johnson, Jr. Jennifer M. Johnson Peter K. Barker Retired California Chairman Director EXECUTIVE OFFICERS Jennifer M. Johnson President Chief Executive Officer Craig S. Tyle Executive Vice President General Counsel Alok Sethi Executive Officer Gregory E. Johnson Executive Chairman Chairman of the Board Jed A. Plafker Executive Vice President Rupert H. Johnson, Jr. Vice Chairman Adam B. Spector Executive Vice President Global Advisory Services Matthew Nicholls Executive Vice President Chief Financial Officer Gwen L. Shaneyfelt Chief Accounting Officer OTHER CORPORATE OFFICERS Leslie M. Kratter Senior Vice President Mark L. Constant Vice President Treasurer Aliya S. Gordon Vice President Secretary We invest in our business, people and communities. Global citizenship We believe that being a good corporate citizen is good business. That's why we've embedded corporate citizenship in our values and integrated it within our culture. Integrity, trust and responsibility are essential to our continued success as a premier global investment management organization. Franklin Templeton has embraced six dimensions of corporate social responsibility both to illustrate the work we're doing in this critical space and to outline a framework for ongoing growth as responsible corporate citizens: ESG investing Diversity & inclusion Employee experience Environment Community engagement Responsible corporate practices Read more about what we're doing to build a sustainable company and contribute to a sustainable future for all. GO THERE Top: Green roof atop our Poznan offices in Poland. Left: Employee volunteers beautify a school in Chennai in partnership with the Environmentalist Foundation of India. Right: Pride BRG booth at our Rancho Cordova campus in the U.S. Bottom: Employee volunteers create appreciation cards for first responders amid the pandemic. We believe better outcomes come to those with the ambition to seek them. Read our full report Download our full annual report in PDF format. READ ENTIRE REPORT View Form 10-K Important Information Regarding Forward-Looking Statements and Non-GAAP Financial Information This report contains forward-looking statements that are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995 and involve a number of known and unknown risks, uncertainties and other important factors. You should read the discussions under the headings “Forward-Looking Statements” and “Risk Factors” in Part I of our Annual Report on Form 10-K for our fiscal year ended September 30, 2020 (“Form 10-K”) for important information concerning such matters. This report also contains non-GAAP financial measures such as adjusted operating income and adjusted diluted earnings per share, which are not substitutes for measures calculated in accordance with U.S. GAAP. You should read the “Supplemental Non-GAAP Financial Measures” section within Item 7 of our Form 10-K for, among other things, a presentation of the most directly comparable measures calculated in accordance with U.S. GAAP and reconciliations from U.S. GAAP to non-GAAP. ABOUT US Why Choose Franklin Templeton? Global Citizenship FRI Directors and Officers History Our Global Offices Contact Us INVESTOR RELATIONS Overview Financial Information Stock Information Events & Presentations Stockholder Services Ben Stockholder Services NEWS CENTER Press releases CORPORATE GOVERNANCE FRI Corporate Governance Documents FRI Board of Directors and Contacts FRI Directors and Officers CAREERS Overview Who We Are Working at FTI Our Stories Culture Diversity and Inclusion Locations Job Search Terms of Use Privacy Anti-Corruption Policy Copyright © 2021 Franklin Templeton. All Rights Reserved. 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