Franklin Resources, Inc. reported preliminary month-end assets under management (AUM) of $1.58 trillion at February 28, 2025, remaining flat compared to January 31, 2025. This AUM figure reflected the positive impact of markets, which was largely offset by preliminary long-term net outflows.
The firm experienced preliminary long-term net outflows of $10 billion for the month, with Western Asset Management (WAM) accounting for the entirety of these outflows. WAM's preliminary AUM stood at $253 billion at month-end, indicating persistent client withdrawals.
Excluding WAM, preliminary long-term net inflows were flat for the month, highlighting the continued drag from the troubled subsidiary. The overall AUM stability was primarily due to market appreciation counteracting the significant outflows from WAM.
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