Franklin Templeton

Through collaboration with BlackRock, Fidelity Investments, Franklin Templeton and State Street, professionally managed model portfolios with alternative allocations are available via the firm's unified managed accounts.

Big announcements by Franklin Templeton, TIFIN and CogniCor display why experts see vast potential for artificial intelligence helping — rather than replacing — financial advisors.

There is no single path to retirement today, and employees are demanding more variety from company offerings.

The company didn’t look into the incident carefully before firing Amy Cooper the following day, the suit says.

“The reality is they were always supported by a large team,” according to CEO Jenny Johnson.

Amy Cooper, who was fired from her job as head of insurance investment, could face up to one year in jail, three years of probation or a $1,000 fine.

“The U.S. is in a lot of pain right now, and our African-American colleagues are in a lot of pain,” Jenny Johnson, chief executive officer of Franklin Resources, said.

The incident demonstrates that companies are increasingly holding employees accountable, even for behavior that occurs outside the office.

With marketing, reporting and the Junxure CRM, the acquisition brings much more than a robo advisor to the asset manager.

Total net assets in Michael Hasenstab's Templeton Global Bond Fund slumped to $22.6 billion as of March 31, public filings show.

The asset manager was stuck at $700 billion in AUM for 18 months. Faced with a grim reality, Franklin made the obvious move: It got bigger in a hurry.

The nearly $4.5 billion deal is another case of consolidation in the industry, as firms grapple with falling fees and the rising challenge from managers of index-tracking funds.

Once a top-performing fund with assets well over double today’s value, Templeton’s flagship bond fund has been diminished by the march of passive investments.

The expansion is intended to free advisors to spend more time on client-facing tasks, executives say.

The $10.1 billion fund’s star manager, well known for his contrarian investments, held on to a short position against U.S. Treasurys even as bonds rallied.

The industry is embracing new technology, big data and alternative investment strategies as clients demand more from funds.

If approved, the actively managed product will hold anywhere from 60 to 100 equities across sectors and will have no position holding over 5%.

Managers will actively evaluate an asset’s characteristics — its value or momentum, for example — to determine what to buy.

The firm plans to focus on raising money for products that lock up capital for several years, according to people with knowledge of the matter.

Nearly all posted losses over the last year.