The company was founded in 1947 in New York by Rupert H. Johnson, Sr., who ran a successful retail brokerage firm from an office on Wall Street.
After Rupert Sr. retired, his son, Charles B. Johnson (Charlie), took over as president and chief executive officer in 1957 at age 24.
Rupert Johnson, Jr., Charlie's brother, joined the company in 1965 and also took on multiple roles.
Franklin went public in 1971, which gave Charlie and team the capital needed to grow the business and position it for the future.
In 1973, the company acquired Winfield & Company, a San Mateo, California-based investment firm, and moved Franklin's offices from New York to California.
1980s Starting in 1980, the company's total assets under management doubled (or nearly doubled) every year for the next six years.
Greg had grown up in the business and worked his way through the organisation beginning on the trading desk at age 24 in 1985.
The company's stock began trading on the New York Stock Exchange in 1986 under the ticker symbol "BEN". In the same year, the company opened its first office outside North America in Taiwan.
In 1992, after striking a deal with famed global investor Sir John Templeton for the acquisition of Templeton, Galbraith & Hansberger Ltd., Charlie was named Fund Leader of the Year for spearheading what was then the largest merger of an independent mutual fund company in history.
Then in 1996, in an effort to broaden its line of domestic equity products, Franklin Templeton bought Heine Securities Corporation, investment adviser to Mutual Series Fund, Inc., from Wall Street icon Michael Price.