citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2015 learn how and when to remove this template message franklin templeton investments gain from our perspective type public company traded as nyse ben s & p 500 component industry financial services founded new york city u.s. 1947 headquarters san mateo california key people greg johnson chairman and ceo rupert johnson jr. vice chairman jed plafker president products mutual funds retirement planning revenue us 7.985 billion 2013 1 us 7.101 billion 2012 1 operating income us 2.9213 billion 2013 1 us 2.5152 billion 2012 1 net income us 2.1502 billion 2013 1 us 1.9314 billion 2012 1 total assets us 15.3903 billion 2013 2 us 14.7515 billion 2012 1 total equity us 10.6855 billion 2013 2 us 9.7605 billion 2012 1 number of employees 9 000 2014 website franklintempleton.com franklin templeton headquarters in san mateo franklin resources inc. is an american holding company that together with its subsidiaries is referred to as franklin templeton investments ; it is a global investment firm originally founded in new york city in 1947 as franklin distributors inc. it is listed on the nyse under the ticker symbol ben in honor of benjamin franklin for whom the company is named and who was admired by founder rupert johnson sr. in 1973 the company s headquarters moved from new york to san mateo california . today franklin templeton investments is one of the world s largest asset management groups with over us 850 billion in assets under management aum on behalf of over 25 million private professional and institutional investors as at september 30 2014 up 29.7 billion or 4 % during the 4th quarter fy 2013 . contents 1 history 2 mutual funds 3 regulatory issues 4 see also 5 references 6 external links history edit the company was founded in 1947 in new york by rupert h. johnson sr. who ran a successful retail brokerage firm from an office on wall street . citation needed he named the company for american polymath benjamin franklin because franklin espoused frugality and prudence when it came to saving and investing . 3 the company s first line of mutual funds franklin custodian funds was a series of conservatively managed equity and bond funds designed to appeal to most investors . after rupert sr. retired his son charles b. johnson charlie took over as president and chief executive officer in 1957 at age 24 . there were only a handful of employees at that time and the funds had total assets under management of us 2.5 million . by the early 1960s the company was growing albeit slowly . it was a struggle to keep up with the day to day demands of the business and charlie continued to wear many hats mutual fund manager wholesaler accountant . rupert johnson jr. charlie s brother joined the company in 1965 and also took on multiple roles . franklin went public in 1971 which gave charlie and team the capital needed to grow the business and position it for the future . in 1973 the company acquired winfield & company a san mateo california based investment firm and moved franklin s offices from new york to california . the combined organization had close to us 250 million in assets under management and approximately 60 employees . in 1979 franklin money fund not available to uk investors began a growth surge that made it franklin s first billion dollar fund and launched the company s significant asset in the 1980s . starting in 1980 the company s total assets under management doubled or nearly doubled every year for the next six years . the company s stock began trading on the new york stock exchange in 1986 . in the same year the company opened its first office outside north america in taiwan . in 1988 franklin acquired l.f. rothschild fund management company . assets under management for franklin grew from just over us 2 billion in 1982 to more than us 40 billion in 1989 the crash of 1987 had little impact on franklin s income and bond funds . in october 1992 franklin acquired templeton galbraith & hansberger ltd. for a reported cost of 913 million leading to the common name franklin templeton . mutual fund pioneer sir john templeton was the owner of templeton galbraith & hansberger ltd together with his son dr. john templeton and john galbraith who together owned 70 % of the firm . 4 in november 1996 heine securities corporation known for the mutual series of funds merged into the franklin templeton complex . in october 2000 franklin acquired bissett funds to increase its canadian presence and bissett remains a key brand from franklin in the canadian market . the fiduciary trust company was acquired by franklin templeton in april 2001 . fiduciary trust company a member of the franklin family maintained an office of over 650 employees in two world trade center during the september 11 attacks . 5 87 employees died in the collapse . 6 7 ann tatlock the ceo of fiduciary trust co. international was at offutt air force base in omaha for a charity event hosted by warren buffett . 8 9 10 the firm specializes in conservatively managed mutual funds . it offers products under the franklin templeton mutual series and fiduciary brand names . like other large investment companies the firm offers a wide variety of funds but is traditionally best known for bond funds under the franklin brand international funds under the templeton brand and value funds under the mutual series brand . as of july 31 2008 franklin resources inc. managed over 570 billion in total assets worldwide . 11 in april 2007 franklin resources was 445th in the fortune 500 and 7th overall among securities companies . 12 in april 2007 usa today listed ben stock as the top stock pick for the last 25 years based on returns claiming it is up 64 224 % since 1982 . 13 in february 2009 barron s magazine called franklin templeton king of the decade among fund families over the ten year period ending in 2008 . 14 the company sponsored a tennis tournament the franklin templeton classic . the firm continues to make strategic investments and acquisitions including asset managers in australia and the uk that further broaden and diversify its capabilities . today franklin templeton is one of the largest independent global asset management firms in the world with offices in 35 countries and clients in more than 150 . in 2013 charlie johnson retired as chairman and greg johnson became chairman of the board ceo and president . mutual funds edit franklin templeton has over 200 different open ended mutual funds and 7 closed end funds in the fund family . included in these are 36 state and federal tax free income funds an area of investment pioneered by franklin . prominent funds in the fund family include the templeton growth fund inc. opened 1954 29.5 bn assets the mutual shares fund opened 1949 7.9 bn assets and the mutual discovery fund opened 1992 7.6 bn assets and the templeton growth euro fund a acc 6.1 bn assets . the franklin income fund fkinx assets 33.6 bn is a mutual fund in morningstar s conservative allocation category and large value style box . the fund was created in 1948 and has paid uninterrupted dividends for 60 years . the franklin income fund is constructed primarily of dividend paying stocks and bonds 2 % . regulatory issues edit in 2004 franklin templeton paid fines to the state of california the commonwealth of massachusetts and the u.s. securities and exchange commission to settle issues regarding questionable practices including market timing . the plan for distribution of settlement monies of 50 million 15 was completed in september 2006 and all distributions have been completed as of december 2008 . 16 a settlement was also completed with the ontario securities commission concerning bissett funds in september 2005 . 16 see also edit san francisco bay area portal companies portal charles b. johnson rupert johnson jr. sir john templeton mark mobius michael f. price max heine chateau carolands list of mutual fund companies in canada references edit a b c d e f g h franklin resources inc 2013 annual report form 10 k xbrl . united states securities and exchange commission . november 12 2013 . a b franklin resources inc 2014 q2 quarterly report form 10 q xbrl . united states securities and exchange commission . april 28 2014 . knapp gwen 29 september 2012 . charles johnson top giants owner keeps low profile . san francisco gate . retrieved 28 april 2016 . franklin to acquire templeton mutual fund business times august 3 1992 dead link franklin templeton update on employees and operations . september 13 2001 archived july 11 2011 at the wayback machine . franklin templeton quarterly earnings press release . october 25 2001 . archived november 25 2004 at the wayback machine . a look at former world trade center tenants . wsj . dow jones & company . jan 18 2002 . retrieved august 20 2012 . leuty ron february 3 2002 . franklin unit rebuilds after 9 11 tragedy . san francisco business times . retrieved august 20 2012 . where was warren buffett the morning of 9 11 . killtown . august 14 2012 . retrieved august 20 2012 . james m. clash & rob wherry oct 15 2001 . shattered not broken . forbes . retrieved august 20 2012 . franklin templeton press release . august 11 2008 . cnn money fortune 500 snapshot april 2007 . usa today if only i had bought april 16 2007 . barron s. the best families in a bruising year by tom sullivan . february 2 2009 . settlement summary . franklin fair fund settlement . retrieved august 20 2012 . a b franklin templeton industry issues . retrieved april 18 2007 . external links edit wikimedia commons has media related to franklin templeton investments . official website yahoo franklin resources inc. profile fiduciary trust memorial page for employees who died in 9 11 v t e benjamin franklin january 6 1706 april 17 1790 president of pennsylvania 1785 1788 ambassador to france 1779 1785 second continental congress 1775 1776 founding of the united states join or die 1754 political cartoon albany plan of union albany congress hutchinson letters affair committee of secret correspondence committee of five declaration of independence model treaty franco american alliance treaty of amity and commerce treaty of alliance staten island peace conference treaty of paris 1783 delegate 1787 constitutional convention pennsylvania provincial assembly postmaster general founding fathers inventions other events franklin s electrostatic machine bifocals franklin stove glass armonica gulf stream exploration naming and chart lightning rod kite experiment pay it forward associators 111th infantry regiment junto club american philosophical society library company of philadelphia pennsylvania hospital the academy and college of philadelphia university of pennsylvania philadelphia contributionship union fire company early american currency united states postal service president pennsylvania abolition society master les neuf s urs other social contributions and studies gravesite writings silence dogood letters 1722 a dissertation on liberty and necessity pleasure and pain 1725 pennsylvania gazette 1729 1790 poor richard s almanack 1732 1758 the drinker s dictionary 1737 advice to a friend on choosing a mistress 1745 the speech of polly baker 1747 observations concerning the increase of mankind peopling of countries etc. 1751 experiments and observations on electricity 1751 birch letters 1755 the way to wealth 1758 pennsylvania chronicle 1767 rules by which a great empire may be reduced to a small one 1773 proposed alliance with the iroquois 1775 a letter to a royal academy 1781 remarks concerning the savages of north america 1784 the morals of chess 1786 an address to the