At Franklin Templeton, it is our endeavor to make your experience of investing with us simple and convenient. Franklin Distributors, LLC. Under 529 plan withdrawal rules the 529 account owner may: Liquidate the account and pay income tax and a 10% penalty on the earnings, Change the beneficiary to a qualifying family member who will use the funds for college. All necessary information was But I would like to see more alerts and suggestions about underperforming stocks and mutual funds. I appreciate that in a company. Determine When to Withdraw. News and analysis for the professional investor. The Funds transfer agent maintains the official record of share ownership via a proprietary blockchain-integrated system that utilizes blockchain technology for transaction activity. You can withdraw money via check from most non-retirement accounts. WebYou can track your account and make transactions once you log in . All requests must be made by the account owner. Franklin Templeton has been the most disappointing investment company I have ever traded with. Franklin Templeton is informational but not individualized. See reviews below to learn more or submit your own review. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Franklin Templeton does not take distribution instructions from a beneficiary. This furthers our distribution reach through a Layer 2 (L2) blockchain that has a proven track record," said Roger Bayston, Head of Digital Assets at Franklin Templeton. How long will it take for me to receive my check? The majority of mutual funds are liquid investments, which means they can be withdrawn at any time. I have been invested into FT's 'Ultra Short Term' Debt fund 'Super Institutional Plan', to the tune of 1.1 mn INR (approx 15,000 USD). If you're an Ethereum Developer, you're already a Polygon developer! How do I withdraw money from Franklin Templeton? View source version on businesswire.com: https://www.businesswire.com/news/home/20230426005743/en/, Franklin Templeton Corporate Communications:Rebecca Radosevich, (212) 632-3207, rebecca.radosevich@franklintempleton.com Katherine Fox, (646) 818-9010, kfox@prosek.com, Franklin OnChain U.S. Government Money Fund, https://www.businesswire.com/news/home/20230426005743/en/. Please carefully read a prospectus before you invest or send money. The last thing you need is to withdraw funds for a qualified expense that becomes unqualified because you paid for it too late. Does Franklin Templeton have walk-in customer service centers? This is a complicated space, and the regulators are trying to be thoughtful, Johnson said. WebThe Templeton Investment Plus Variable Annuity . If the beneficiary has more than one 529 plan, consider withdrawing from a parent-owned 529 plan account first. without paying tax on it, such as changing the beneficiary on the account or making student loan repayments. Franklin Templeton Investments. They should treat the 529 plan money as a payment of the colleges bill. But as you learn you are walked through the process with kid gloves really answering any questions you may have no matter how small. WebYou can use our website/app to transact with us 24X7. For anyone thinking of using an online adviser, it's a very easy process that can seem intimidating when you first get involved. [25][26], Franklin Templeton has 455 open-ended mutual funds and seven closed-end funds. The Funds investment goal is to provide investors with as high a level of current income as is consistent with the preservation of shareholders capital and liquidity and aims to maintain a stable $1.00 share price. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook. [19], In 2019, the firm acquired Benefit Street Partners, an alternative credit investment group.[20]. Then, you can follow this up by making new contributions to the 529. Parents can make 529 withdrawals by completing a withdrawal request form online. In April 2007, Franklin Resources was 445th in the Fortune 500, and 7th overall among securities companies. Franklin Templeton, one of the worlds largest asset managers that is overseeing approximately $1.5 trillion, announced on Wednesday, April 26th, that it has brought its OnChain U.S. Government Money Fund onto the Polygon blockchain. Included in these are 27 state and federal tax-free income funds, an area of investment pioneered by Franklin.[27]. The only requirement is for the withdrawals to be used for qualified expenses. Open Franklin Templeton Investments India Investor Login website. I recently had to request a withdrawal distribution from my IRA through Franklin Templeton. The OnChain US Government Money Fund pilot started with $1.4M of seed money and investment from employees. Original review: Feb. 5, 2021. [9] 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. The updated FAFSA will not require students to report cash report, including money from grandparents. For Stock Investing Sign up to receive our free weekly newsletter. Franklin Templeton Bank and Trust, F.S.B. ConsumerAffairs is not a government agency. 529 accounts have more policies and rules than your average traditional savings account. Investment philosophy: After she passed, they continually sent paperwork that I need to complete to the address where she passed away. Johnson added that Franklin Templeton, which manages $1.5 trillion in assets, has been in close contact with the U.S. Securities and Exchange Commission (SEC) as it developed its newly launched blockchain-based mutual fund. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. [28][29], In 2021, Franklin Templeton launched the first "tokenised" US mutual fund as a pilot it uses a blockchain to process transactions and record share ownership. You can request a withdrawal online, by phone or in writing. Moreover, parents might have separate 529 plans for separate children. It doesnt matter if you withdraw funds in January for expenses not paid until August. Scholarships are considered tax-free educational assistance but its a, myth that any scholarship impacts your 529 plan withdrawals. But, grandparent support is still considered on the CSS Profile form. What's the maximum I can request to withdraw from my account? What financial advisors need to know about crypto. Be a smarter, safer investor in eight weeks. 11/23. Services: Can I Withdraw Contributions from a 529 Plan Without Penalty? Requesting payment directly to your college can be a simpler way to handle your 529 distributions, but always check the schools policy around funds received directly from a 529 plan first. \.{k]Wmw,la /$${*.lZ.FYTo We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world. Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. Manage your account online 2. [22] The acquisition completed in April 2022. Students diagnosed with a significant disability before age 26 can also transfer funds to an ABLE account without incurring a penalty. 3: Choose your method of payment. More skeletons in the closet As the drama unfolds, an even worrisome development has been them sending notification that the full retrieval and pay back to investors in my particular scheme would take upto 3 years (for the supposed 'Ultra short term' product sold, with Macaulay/avg. Some funds, on the other hand, have a lock-in term. Get Quotes from Franklin Templeton. In 1988, Franklin acquired L.F. Rothschild Fund Management Company. One time last year the page stalled a bit. Our content is intended to be used for general information purposes only. This way you end up with a higher tax basis in the account and even additional state tax deductions. In 1979, Franklin Money Fund began a growth surge that made it Franklin's first billion-dollar fund and launched the company's significant asset growth in the 1980s. With no income and job losses imminent, they couldn't even dig into their savings meant as backup (of course bonds have risks. Franklin Templeton Investments was founded in the 1940s by Rupert H. Johnson Sr. and named after Benjamin Franklin. Their fund managers/company directors earn high salaries in crores of Rs every year, which is paid by millions of Indian citizens. The withdrawal request form will typically ask for information such as: If the 529 plan account owner is taking a partial withdrawal, they will have the option to select a portfolio or portfolios to withdraw from. So, any distributions that a grandparent takes from a 529 plan in 2021 or later (due to prior-prior reporting) will not be included in the students financial aid calculations on the FAFSA. Below are the business office locations for Franklin Templeton. What is the problem with Franklin Templeton? If you withdraw the 529 money in December for a tuition bill that isnt paid until January, you risk not having enough QHEE during the year of 529 withdrawal. Withdrawal: A withdrawal involves removing funds from a bank account, savings plan, pension or trust. Source: national_museum_of_the_us_navy / Flickr 9. long-standing partner of the asset management firm, Franklin OnChain U.S. Government Money Fund, tap into the Stellar blockchain already in 2019, despite the regulatory crackdown and rumors to the contrary, a series of blockchain-related trademarks. You can now invest, switch, redeem or know your account value with great ease using any of these easy transaction methods. Legal case against company is pending in India courts questioning its business practices. Johnson added that the global investment firm, which has offices in over 30 countries worldwide, is used to working with regulators outside the U.S. as well. The Power of Compound Interest Put your money to work for you and watch it grow with The Power of Compound Interest. !q3b'//^A[uA^6oYAAUz#">b#>RD>9{L rz How to Prepare for Student Loan Repayment. Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. This MF management team has deliberately cheated lakhs of small investors like me. Educational and client resources: You can obtain a copy of that form by going to Customer Service > Find a Form, or by contacting a Fidelity representative at 800-544-6666. "Its amazing to have a legacy institution like Franklin Templeton bringing transparency, interoperability, and secure, democratized access to their financial instruments, all things afforded with Polygon," said Colin Butler, Global Head of Institutional Capital at Polygon Labs. Head to consensus.coindesk.com to register and buy your pass now. Client Use: Yes. The company was founded in 1947 in New York by Rupert H. (Harris) Johnson Sr. (1900-1989), who ran a successful retail brokerage firm from an office on Wall Street. Even after youve submitted your reimbursement form, its wise to hold onto them. COVID-19 had been declared a pandemic in March. Redemption of Units online You simply have to log-on to the Online Transaction page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction. operates as a bank. Send to: Regular Mai l P.O. h[[s8+7N qJ78;v&gFZlVhKQ eIe)n4_7+C'2`Lep"aT87^adJi1)#e1)oK4W+x%V6EL;)13p@ 03c(*tRepDpuX/0QJi3tTS TDi1X@.Ey!sbg[,tFg!al@.dS+XHlT6m'*Ev@!HB`"wHe9qdDY!!Ue QIp(5Q;F0Z!BQ0R`4^, So if youre planning on accessing these tax credits, keep this in mind as part of your 529 planning. Of course, you might consider exploring exceptions to the penalty to avoid the extra costs. You cannot request to withdraw more than 25% of your Portfolio Advisory Services account's net worth. &5+WsV^O+gLi[ 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). Provide your Username and Password and click on LOGIN button. There are some restrictions which may prevent withdrawals from being requested online. As the viral disease spread across the world, equity markets had fallen by 37 percent in 40 days and debt markets froze. This year alone has already brought multiple interesting developments from firms across numerous industries. They have great benefits and work life balance. However, he advises that there is no need to worry for investors and they should not rush to withdraw their money from debt fund schemes. How do I know I can trust these reviews about Franklin Templeton Investments? The Franklin Income Fund (FKINX) is a mutual fund in Morningstar's "conservative allocation" category and "large/value" style box. You can either request a check or transfer to another bank via Automated Clearing House (ACH). There are three variants; a typed, drawn or uploaded signature. You can get paid only if you have earned $100 or more till If you withdraw money from your contract, you may be assessed a surrender charge of up to 6%. Other than that no problems. We use cookies to ensure that we give you the best experience on our website. "The Polygon blockchain also provides access to a $260 billion market the approximate aggregate value of all ERC-20 (Ethereum-based) assets.". WebUse this form to withdraw assets from your Franklin Templeton 529 College Savings Plan account. when some or all of the money that a shareholder invested in a Fund is paid back to them. Earlier this month, the legendary Japanese developer Square Enix once again strengthened its commitment to web3 with a collaboration with Elixir Games. 2023 mystylit.com. Member FINRA/SIPC. This included 55 active, smart beta and passively managed ETFs in the U.S, with US$9.7 billion in assets under management in 2021. In this case, you should request the distribution be made payable to you or your child, and then use it to pay the college. Alas!). The part that I liked, especially when I was starting out, was that I was able to create hypothetical portfolios. The company has separate websites for the institutional investor and the registered investment advisor. Ashley Eneriz has been a staff writer with ConsumerAffairs since 2022. Rather than call me to confirm the bank account they mailed the check to my home address. Moreover, parents might have separate 529 plans for separate children. The fund, which invests almost entirely in government securities, cash, and repurchase The following steps help you download the Franklin Templeton mutual fund investment statement using the Scripbox App: Download the Scripbox app and enter your credentials to login In the menu, select the Profile option and select the Investment History option Click Email Me. So, any distributions that a grandparent takes from a 529 plan in 2021 or later (due to prior-prior reporting) will not be included in the students financial aid calculations on the FAFSA. The maximum you can request to withdraw from your account online or by telephone is $100,000 per account. . Franklin Templeton MF has earned enormous amounts as fund management fees in last 25 years, from millions of small investors, in India. Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. i=SH6h 6-@dSYs>ffR. In effect, the scholarships have turned your tax-free 529 investment into a tax-deferred 529 investment. WebRegistrar & Transfer Agent Franklin Templeton Asst Mgmt (IND)Pvt Ltd Franklin Templeton Asset Management (India) Private Limited,Indiabulls Finance Centre; Tower 2, 12th and 13th Floor,Senapati Bapat Marg;,Elphinstone Road (W) Mumbai - 400 013 Maharashtra +91 22 66490622/66490627 service@templeton.com Auditors As long as your withdrawals are used to pay for qualified education expenses. The Rule of 72 Make the power of compound interest work for you with The Rule of 72. She has no significant crypto holdings. What expenses are not eligible for tax-free withdrawals from the 529 plan? In this example, if the 529 plan account owner withdraws more than $4,000 the excess distribution will be considered non-qualified. If you need to contact us by phone, wait times are generally shorter Wednesday through Friday after 1:00 pm PT/4:00 pm ET. The Fund offers a competitive yield and is a regulated 1940 Act fund that invests at least 99.5 percent of its total assets in government securities, cash and repurchase agreements collateralized fully by government securities or cash. You have been successfully subscribed to our email list. 2Get Quotes from Franklin Templetonand few more verified service experts. Towards year-end, 529 account owners should sit down and figure out exactly how much was spent on qualified expenses during the year and make the appropriate catch-up distribution from the 529 plan. $1,915.20. Every time I call they say they will mail the paperwork to me and then mail it instead to my dead mother. [4] He named the company for American polymath Benjamin Franklin because Franklin espoused frugality and prudence when it came to saving and investing. No transparency, accountability or trust. Generally, you will be subject to a How much can I withdraw from my 529 plan each year? Walk-in customer service centers are not available at any of these locations. Other exceptions to the 10% penalty include: You should take 529 plan distributions during the same year you paid for the qualified expenses. I asked about it and they said yeah we don't have that. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. From there, you'll see the option for "Withdraw funds" on your screen. Diversifying my portfolio can only help so much if I make crucially bad investments that I could have been about. The year also brought news from more unexpected industries. Multiple calls have not resolved this issue. 1081 0 obj <>stream Choose My Signature. Contributions are first made to the in-state 529 plan to take maximum advantage of the state tax benefit, and any remaining money is contributed to the out-of-state 529 plan. BTC. The minimum amount for a Portfolio Advisory ServicesSM (PAS) account transfer is $250. All Rights Reserved. Regulatory uncertainty aside, Johnson is still bullish on the potential for crypto and blockchain technology to disrupt the financial industry. WebHow Do I Withdraw Money From New Jerseys 529 Plan? Just make sure they match up within the same calendar year. Once you update your mailing address, return to the Withdraw Money screen and process your request. Get buying tips about Financial Advisors delivered to your inbox. Announces Month-End Assets Under Management", "Charles Johnson, top Giants owner, keeps low profile", "SF Giants owner gave $1K to PAC behind racist ad targeting black voters", Forbes: The World's Billionaires: "Rupert Johnson Jr.", "Mutual Fund Billionaire Gives $250 Million to Yale", "Franklin, Templeton to form mutual fund giant", "Franklin to acquire Templeton mutual fund", "A Look at Former World Trade Center Tenants", "Franklin Templeton Investments Announces Acquisition of Alternative Credit Manager Benefit Street Partners", "Franklin Templeton Completes Acquisition of Legg Mason", "Franklin Templeton to buy Lexington Partners for $1.75 bln as part of secondaries push", "Franklin Templeton finalises takeover of Lexington Partners", "Franklin Templeton Completes Acquisition of O'Shaughnessy Asset Management, a Leading Custom Indexing Provider Through Its Canvas(R) Platform", "Franklin Templeton buys BNY Mellon subsidiary Alcentra", "Completion of Sale of Alcentra NY, LLC by The Bank of New York Mellon Corporation to Franklin Templeton", "Mutual Funds Price and Performance | Franklin Templeton", "Franklin Templeton Plans to Convert Two Mutual Funds to ETFs", "Blockchain-powered breakthrough on mutual fund", Second Continental Congress (17751776), Gulf Stream exploration, naming, and chart, President, Pennsylvania Abolition Society, "Advice to a Friend on Choosing a Mistress" (1745), Proposed alliance with the Iroquois (1775), Benjamin Franklin Institute of Technology, Benjamin Franklin Drawing Electricity from the Sky, Cities, counties, schools named for Franklin, Mitsubishi UFJ Trust and Banking Corporation, https://en.wikipedia.org/w/index.php?title=Franklin_Templeton_Investments&oldid=1150720663, Investment management companies of the United States, Financial services companies based in California, Financial services companies established in 1947, Companies listed on the New York Stock Exchange, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Articles with unsourced statements from July 2022, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0. Business data for Franklin Templeton Investments: This page was last edited on 19 April 2023, at 19:41. Just over a year ago, Franklin Templeton launched its OnChain U.S. Government Money Fund, which has now surpassed $270 million in assets under management (AUM) for the tokenized fund.Its the first U.S. registered fund to use a public blockchain (Stellar) to record transactions and shareholdings. It is listed on the New York Stock Exchange 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. [18], In 2013, Charles Johnson retired as chairman and his son Greg Johnson became chairman of the board, CEO and president. The form was scheduled for release on October 1, 2022; however, its since been delayed and likely wont come to fruition until 2024/2025. Keep in mind that even if you dont use all your 529 funds to pay for college, there are plenty of other ways to spend unused 529 plan money without paying tax on it, such as changing the beneficiary on the account or making student loan repayments. You might even want to sit down with an advisor and accountant to calculate your qualified expenses. [10], In November 1996, Heine Securities Corporation, known for the Mutual Series of funds, merged into the Franklin Templeton complex. Read More: A $1.4T Financial Giant Expands Its Money Market Fund on Polygon. All rights reserved. Johnson added that its better for companies to engage directly with regulators as they develop new products. The fund has a Macaulay period of 0.4 years. Box 33090 St. Petersburg, FL 33733-8090 Overnight Mail 100 Fountain Parkway St. Petersburg, FL 33716-1205 Fax 1 WebHowever, if you withdraw money for reasons other than qualified higher education expenses, you must pay federal income tax, a 10% federal tax penalty, and may be liable Ensure withdrawals match up with the current years payments to avoid taxes. But it was the trust these educated people placed in the financial instruments and in the brand that "was" FT. The company has wound up debt funds in India suddenly. Products: This is another type of tax-advantaged savings account only available to disabled individuals. How do I get transaction access in Franklin Templeton mutual fund? The Bank accepts deposits, makes loans, and provides other services for the public. The automated administration can trade around the clock and removes the need for brokerages, which should result in a "highly significant decrease in fees". Investment titan Franklin Templeton says that its blockchain-run mutual fund is now supported on the Ethereum layer-2 scaling solution Polygon ().The $1.4 trillion asset managers Franklin OnChain U.S. Government Money Fund (FOBXX) is the first US-registered mutual fund to use a public blockchain to execute transactions and record The fund itself invests a vast majority of its $272 million worth of assets in government securities, cash, and repurchase agreements. The New York-based investment firms OnChain U.S. Government Money Fund (FOBXX), which boasts over $270 million in assets under management (AUM), is now live on the Stellar network. Global Head of Institutional Capital at Polygon Labs, Colin Butler, expressed his excitement about the partnership and stated that it will help showcase tokenized assets ability to positively rewire the global financial system. WebSix Franklin Templeton debt funds were shut down by the management, due to redemption pressure and lack of liquidity in the secondary market for the underlying instruments. What happened to Franklin Templeton in India? You also have to make sure that you withdraw your funds at the right time to align with when youre going to be using the funds. By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. From what kinds of accounts can I withdraw money? Read full coverage of Consensus 2023 here. Unsubscribe easily. In the Home page, click on Transact -> Redeem as shown below:-. Franklin OnChain U.S. Government Money Fund is the first of its kind to use blockchain technology to record share ownership and transaction and, due to the nature of blockchain, it can be traded at all times. The company offers solutions for college funding and other life goals. If youre paying for private school expenses for younger children, you can withdraw up to $10,000 tax-free for qualified education expenses for children between K-12. Dont wait until the last minute to calculate your 529 withdrawals for the year. WebFollow me for DeFi asset mgmt, real world asset tokenization and crypto adoption trends | Over a decade of BD, sales and go-to-market experience across crypto startup, consumer luxury and finance However, to protect against fraud, if you've changed your mailing address within the past 15 days, the most you can request to withdraw by check online is $10,000. Non-qualified distributions payable to a parent may result in a higher tax liability. You can usually find this info on your schools website. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Funds withdrawn from a, count as student income on the Free Application for Federal Student Aid (FAFSA) and may hurt the students eligibility for need-based, However, a new FAFSA form will eliminate the grandparent financial aid trap. WebHow do I withdraw money from Franklin Templeton? WebRegister for our systematic investment plans or systematic withdrawal plans or systematic transfer plans or dividend transfer of units depending on your requirement. after your beneficiary graduates from college, or decides not to go to college. As long as your withdrawals are used to pay for qualified education expenses. explore the world through the prism of knowledge. (800) 632-2301Franklin Templeton Investments / Customer service, Jennifer M. Johnson (Feb 11, 2020)Franklin Templeton Investments / CEO. To request a withdrawal greater than $100,000, you must complete a paper form. What is the address of Franklin Templeton in Hyderabad? WebSteps to follow to online Withdraw or Redeem in Franklin Templeton Mutual Fund:- Open Franklin Templeton Investments India Investor Login website. While various web3 video games have been developed and released over the years, 2023 is set to finally fulfill the promise of delivering a AAA experience centered on digital assets through multiple partnerships between well-known names from the gaming industry and major digital assets companies. Decide on what kind of signature to create. Polygon Labs develops Ethereum scaling solutions for Polygon protocols. The asset manager similarly assessed the partnership very positively and expressed optimism about the possibilities opened by the scope and breadth of the Ethereum ecosystem. My $56,000 is stuck up and dont know when the company will return the monies. Well start sending you the news you need delivered straight to you. How can I withdraw my mutual fund online? For Automated Investing Accounts, you can withdraw a minimum of $250 as long as you maintain a minimum balance of $500 in your account. You can also roll 529 plan funds into another account with the same beneficiary, or into a siblings 529 plan account. For example, do not include second-semester tuition expenses that you paid for in December of the previous year. The fund, which invests almost entirely in government securities, cash, and repurchase agreements, is the first ever to utilize blockchain technology to record share ownership and transactions. You can withdraw money from your Franklin Templeton IRA at any time, but there may be penalties for early withdrawal. Copyright 2023 Consumers Unified LLC. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. This helped to see how things may or may not work for me without using real money. In a Wednesday press release, Franklin Templeton announced that its OnChain U.S. Government Money Fund is now supported on the Polygon blockchain. What I regret is, not completely exiting the fund even as the premonition of the oncoming avalanche hung on. See the best 529 plans, personalized for you, Helping families save for college since 1999. The address that appears for me is wrong. The firm has specialized expertise across a full range of asset classes. Global investment firm founded in New York City in 1947, Eric John Abrahamson and Grant Alger, Persistence and Perspective: Franklin Templeton Investments: The First Sixty Years (San Mateo: Franklin Resources, Inc., 2007, xvii, Eric John Abrahamson and Grant Alger, Persistence and Perspective: Franklin Templeton Investments: The First Sixty Years (San Mateo: Franklin Resources, Inc., 2007), https://www.ftinstitutionalapac.com/our-firm/our-history, "Franklin Resources, Inc.