Franklin Templeton Investments was founded in 1947 by Rupert H. Johnson, Sr. as an investment company. Johnson named the company after Benjamin Franklin because he embodied the idea of prudence in saving and investing.
In 1957 Rupert’s son Charlie took over the company as CEO at age 24. At the time the firm had $2.4 million in assets under management.
The company went public in 1971, which gave the company enough money to fund an expansion. This was done through acquisition, starting with Winfield & Company, a California-based investment firm.
From 1980 to 1986 Franklin Templeton Investments doubled its assets under management every year, and in 1989 the firm had $40 billion under management.
Today the company manages more than 100 mutual funds that invest in both domestic and international stock. Its investment products are sold through more than 1,600 banks, securities firms, and financial advisors.
Franklin Templeton Investments trades publicly on the New York Stock Exchange under the ticker symbol BEN, is a member of the S&P 500, is #337 in the Fortune 500, has 9,266 employees, and had $8.49 billion in revenue in 2013.
Franklin Templeton Investments
Franklin Templeton Investments was founded in 1947 by Rupert H. Johnson, Sr. as an investment company. Johnson named the company after Benjamin Franklin because he embodied the idea of prudence in saving and investing.
In 1957 Rupert’s son Charlie took over the company as CEO at age 24. At the time the firm had $2.4 million in assets under management.
The company went public in 1971, which gave the company enough money to fund an expansion. This was done through acquisition, starting with Winfield & Company, a California-based investment firm.
History
From 1980 to 1986 Franklin Templeton Investments doubled its assets under management every year, and in 1989 the firm had $40 billion under management.
Today the company manages more than 100 mutual funds that invest in both domestic and international stock. Its investment products are sold through more than 1,600 banks, securities firms, and financial advisors.
Franklin Templeton Investments trades publicly on the New York Stock Exchange under the ticker symbol BEN, is a member of the S&P 500, is #337 in the Fortune 500, has 9,266 employees, and had $8.49 billion in revenue in 2013.
