Franklin Templeton Acquires O'Shaughnessy Asset Management (OSAM)

Franklin Templeton Acquires Legg Mason

July 31, 2020

Wealth Management

Franklin Resources (operating as Franklin Templeton) completed its acquisition of Legg Mason, creating one of the world’s largest independent investment managers with roughly $1.4–$1.5 trillion in combined AUM. The all-cash transaction (approximately $4.5 billion) included assumption of about $2 billion of Legg Mason debt; the firms said Legg Mason’s specialist investment affiliates will retain operational autonomy while benefiting from Franklin Templeton’s global platform and distribution.

Franklin Templeton (Franklin Resources) Acquires Putnam Investments from Great-West Lifeco

January 1, 2024

Wealth Management

Franklin Resources, Inc. (operating as Franklin Templeton) completed its acquisition of Putnam Investments from Great-West Lifeco on January 1, 2024. The deal brings complementary asset-management capabilities and increases Franklin Templeton's retirement and insurance-related AUM, while Great-West becomes a long-term shareholder in Franklin Resources.

Sequoia Financial Group Acquires Family Asset Management

October 31, 2024

Financial Services

Akron, Ohio-based Sequoia Financial Group has acquired Family Asset Management (FAM), a Charleston, South Carolina-based SEC-registered investment advisory firm with roughly $300 million in assets under management. The acquisition expands Sequoia Financial's Southeast footprint and adds FAM's high-net-worth and multigenerational family advisory capabilities to Sequoia's wealth management and Sequoia Sentinel family office services; financial terms were not disclosed.

Franklin Templeton Acquires Lexington Partners

April 1, 2022

Financial Services

Franklin Resources, Inc. (operating as Franklin Templeton) completed the acquisition of Lexington Partners L.P., a global manager of secondary private equity and co-investments, on April 1, 2022. The deal expands Franklin Templeton's alternative asset capabilities, adding Lexington's approximately $57 billion AUM and a global footprint while preserving Lexington's brand and investment strategy.

WA Asset Management Acquires Clark Financial Advisors

April 4, 2022

Wealth Management

WA Asset Management (WAAM), a Birmingham-based registered investment adviser, has acquired Clark Financial Advisors, a fee-only investment management and financial planning firm based in Birmingham, Alabama. The deal closed March 31, 2022, will add approximately $270 million of assets under management to WAAM, and brings the entire CFA team into WAAM; WAAM previously received a strategic growth investment from Wealth Partners Capital Group and HGGC in December 2021.

Franklin Templeton Acquires Apera Asset Management

October 3, 2025

Financial Services

Franklin Templeton (Franklin Resources, Inc.) has completed the acquisition of Apera Asset Management, a pan‑European private credit firm with over €5 billion in AUM. The deal expands Franklin Templeton’s alternative credit capabilities and European footprint, growing its global alternative credit AUM to over $90 billion and total alternative assets to roughly $270 billion as of September 30, 2025.