Franklin Resources, inc (BEN) Q4 2021 Earnings Call Transcript

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Franklin Resources, inc (NYSE:BEN)
Q4 2021 Earnings Call
Nov 1, 2021, 11:00 a.m. ET

Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

Operator

Welcome to Franklin Resources Earnings Conference Call for the Quarter and Fiscal Year Ended September 30, 2021. Hello. My name is April, and I will be your call operator today. As a reminder, this conference is being recorded. [Operator Instructions]

I would now like to turn the conference over to your host, Selene Oh, Head of Investor Relations for Franklin Resources. Thank you. You may be begin.

Selene Oh — Investor Relations

Good morning and thank you for joining us today to discuss our quarterly and fiscal year results. Please note that the financial results to be presented in this commentary are preliminary. Statements made on this conference call regarding Franklin Resources, Inc. which are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from any future results expressed or implied by such forward-looking statements. These and other risks, uncertainties and other important factors are described in more detail in Franklin’s recent filings with the Securities and Exchange Commission, including in the Risk Factors and the MD&A sections of Franklin’s most recent Form 10-K and 10-Q filings.

With that, I’ll turn the call over to Jenny Johnson, our President and Chief Executive Officer.

Jennifer M. Johnson — President and Chief Executive Officer

Thank you, Selene. Hello, everyone, and thank you for joining us today to discuss Franklin Templeton’s results for our fourth quarter and fiscal year. We’re also very excited to announce the acquisition of Lexington Partners, and I am delighted to extend our warmest welcome to such a talented team. Lexington’s business provides us the exposure to a critical growth area in the alternative asset business, and we cannot be happier with this new partnership. We will cover on this transaction in a few minutes.

Matthew Nicholls, our CFO, and Adam Spector our Head of Global Distribution on the call with me today. We’re also joined by Tom Gahan, Head of Franklin Templeton Alternatives; and Will Warren, President of Lexington Partners, will be available for questions after our prepared remarks. I’ll start by reviewing this year’s milestones. Then Matt will go through our financial results for the quarter and the fiscal year, as well as spend some time discussing today’s important transaction in greater detail.

Throughout Franklin Templeton history we have invested in our business to build a truly diversified and resilient organization that performs across market cycles with a commitment to serving our clients, employees…