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Franklin Resources

Investment funds and management.

Headquarters:
One Franklin Parkway
San Mateo, CA 94403
Employees: 7,200
CEO: Gregory Johnson
Stock Symbol: BEN

Website: http://www.franklintempleton.com

Career Site

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.

History

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 comes first."

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.

Benefits

- 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 lenses.

- 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 matching contributions

- 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

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