Franklin's November AUM Edges Lower Despite Positive Markets

Franklin Resources, Inc. BEN reported its preliminary assets under management (AUM) of $1.67 trillion as of Nov. 30, 2025, which decreased slightly from the prior month.

The company’s AUM balance reflected flat long-term flows, inclusive of $1 billion of long-term net outflows at Western Asset Management, along with the positive impact of markets.

Breakdown of BEN's November AUM Based on Asset Class

Franklin recorded equity assets of $694.1 billion, which decreased marginally from the previous month. The fixed income AUM of $437.1 billion at the end of November 2025 also decreased slightly from the prior month. Nevertheless, Alternative AUM increased marginally from the prior month to $269.3 billion.

Multi-asset AUM was $198.1 billion, up 1.2% from October 2025. Additionally, the cash management balance was $75.9 billion, down 13.9% from the previous month.

Our Viewpoint on Franklin

November saw a slight decline in BEN’s total AUM, driven by flat long-term flows and outflows at Western Asset Management, partially offset by modest gains in alternative and multi-asset categories. Equity, fixed income, and cash balances softened, reflecting near-term flow pressures. Nevertheless, Franklin’s ongoing inorganic initiatives and strategic partnerships continue to position the firm for long-term growth despite near-term fluctuations in flows.

BEN's Price Performance and Zacks Rank

Over the past year, BEN shares have gained 2.7% against the industry’s decline of 21.4%.

Franklin currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Peer Releases

Two stocks, AllianceBernstein Holding L.P.  (AB) and Victory Capital Holdings, Inc. VCTR, will announce their monthly performances in the upcoming days.

Over the past year, shares of AB have risen 14.5%, whereas shares of VCTR have lost 7.3%.

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This article originally published on Zacks Investment Research (zacks.com).

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