Franklin Resources, Inc. (NYSE:BEN) Q1 2024 Earnings Conference Call January 29, 2024 11:00 AM ET

Company Participants

Selene Oh - Chief Communications Officer and Head of Investor Relations

Jennifer Johnson - President and Chief Executive Officer

Matthew Nicholls - Chief Financial Officer and Chief Operating Officer

Adam Spector - Head of Global Distribution

Conference Call Participants

Alexander Blostein - Goldman Sachs

Craig Siegenthaler - Bank of America

William Katz - TD Cowen

Daniel Fannon - Jefferies

Brennan Hawken - UBS

Michael Cyprys - Morgan Stanley

Patrick Davitt - Autonomous

Brian Bedell - Deutsche Bank

Operator

Welcome to Franklin Resources Earnings Conference Call for the Quarter Ended December 31st, 2023. Hello, my name is Joanna and I will be your call operator today. As a reminder, this conference is being recorded and at this time, all participants are in a listen-only mode.

I would now like to turn the conference over to your host, Selene Oh, Chief Communications Officer and Head of Investor Relations for Franklin Resources. You may begin.

Selene Oh

Good morning, and thank you for joining us today to discuss our quarterly results. 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 section, of Franklin's most recent Form 10-K and 10-Q filings.

Now I would like to turn the call over to Jenny Johnson, our President and Chief Executive Officer.

Jennifer Johnson

Thank you, Selene. Hello everyone, and thank you for joining us today to discuss Franklin Templeton's results for the first fiscal quarter of 2024. I'm joined by Matt Nicholls, our CFO and COO; and Adam Spector, our Head of Global Distribution. We're happy to answer any questions you have in just a few minutes, but first I'd like to call out some notable highlights from the quarter.

Our first fiscal quarter results reflect ongoing momentum in a number of significant areas across asset classes, investment vehicles and geographies. Our efforts are always focused on meeting the varied investment needs of our diverse global client base across market cycles while staying at the forefront of the asset management industry.