Franklin Resources, Inc. (NYSE:BEN) Q1 2015 Earnings Conference Call - Final Transcript
Jan 30, 2015 • 11:00 am ET
CEO, Mr. Greg Johnson. Mr. Johnson, you may begin.
Hello and thank you for joining Ken Lewis, our CFO and myself for this quarter's conference call. Financial results and relative investment performance remained solid. The institutional business had one of its best flow quarters and fiduciaries secured one of its largest new wealth management relationships in firm's history.
Although net flows were weaker, retail clients showed an increased interest in key products within our U.S. equity tax-free fixed income and global bond franchises.
Now, at this time, I would like to open it up for questions.