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 founded in New York City in 1947 as Franklin Distributors, Inc. 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. In 1973 the companys headquarters moved from New York to San Mateo, California. Today, Franklin Templeton Investments is one of the worlds 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). 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. He named the company for American polymath Benjamin Franklin because Franklin espoused frugality and prudence when it came to saving and investing. The companys 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.
Highest paying job titles at Franklin Templeton Investments include Associate Counsel, Senior Software Engineer, and Tax Manager