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Based in San Mateo, California, Franklin Resources, Inc. (BEN) is a publicly owned asset management holding company that offers investment management and related services to individuals, institutions, pension plans, trusts, and partnerships. Valued at a market cap of $10.9 billion, the company launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries and invests in public equity, fixed income, and alternative markets.
Companies valued at over $10 billion are typically classified as “large-cap stocks,” and BEN fits the label perfectly. The asset management company is known for its expertise in wealth management, investment management, and technology solutions and serves clients in over 155 countries.