Franklin Resources (NYSE:BEN), the global investment giant operating as Franklin Templeton, reported a slight uptick in preliminary assets under management (AUM) to $1.68 trillion as of December 31, 2025.
The results cap a complex quarter defined by robust organic growth in equity and alternatives, even as its Western Asset Management unit continued to grapple with institutional fixed-income outflows.
Total AUM rose from $1.67 trillion at the end of November, bolstered by $28 billion in long-term net inflows for the month.
This figure was heavily supported by $26 billion in reinvested distributions, reflecting strong year-end payout activity across its mutual fund complex.
For the full quarter, Franklin Templeton saw $27 billion in long-term net inflows, maintaining a steady average AUM of $1.67 trillion despite broader market volatility.
A persistent drag on the firm’s performance remains its subsidiary, Western Asset Management, which reported $1 billion in long-term net outflows in December, bringing its total quarterly bleed to $7 billion.
Stripping out Western Asset, the rest of Franklin Templeton’s business demonstrated significant momentum, generating $34 billion in long-term net inflows for the quarter, led by its expanding alternatives and multi-asset platforms.