Franklin Resources (NYSE:BEN), which operates as Franklin Templeton, completes its previously announced acquisition of Legg Mason (NYSE:LM), as expected.

The combined organization makes Franklin Templeton one of the world's largest independent, specialized global investment managers with a combined $1.4T in assets under management, the company said.

The acquisition deepens Franklin Templeton's presence in key geographies and creates an investment platform that's well balanced between institutional and retail client AUM.

READ FULL ARTICLE HERE