Who owns Putnam Investments now?

Franklin Templeton, Inc. (NYSE: BEN), which completed the acquisition on January 1, 2024.

Did Franklin Templeton buy Putnam?

Yes, for approximately $925 million from Great-West Lifeco, including a strategic partnership with Empower.

Is Putnam still in Boston?

Yes. It operates from Boston as a specialist manager within Franklin Templeton.

When was Putnam founded?

1937, by George Putnam in Boston.

Who Owns Putnam Investments?

Parent Company: Franklin Templeton, Inc.
Ownership Type: Wholly owned
Company Type: Publicly Traded
Stock Ticker: New York Stock Exchange: BEN

Brand	Parent Company	Ownership Type
Putnam Investments	Franklin Templeton, Inc.	Wholly owned

History of Putnam Investments

Founded: 1937
Founders: George Putnam

George Putnam founded the firm in Boston in 1937, launching the George Putnam Fund of Boston, one of America's oldest continuously offered mutual funds. The firm pioneered balanced fund investing and grew into a household name among American investors through the postwar decades.

Marsh & McLennan acquired Putnam in 1970. The 2003 mutual fund timing scandal, in which Putnam was caught up in the industry-wide late trading and market timing investigations, damaged the franchise and triggered a management overhaul and settlement with regulators.

Great-West Lifeco bought Putnam in 2008 for $3.9 billion, pairing it with Empower's retirement platform. Under Great-West the firm stabilized and rebuilt investment performance. Franklin Templeton's January 2024 acquisition returned Putnam to US ownership with roughly $185 billion in AUM at close, and Putnam has since posted strong organic growth inside the new structure.

About Franklin Templeton, Inc.

Is Franklin Resources the same as Franklin Templeton?
Yes. Franklin Resources, Inc. was the legal name until August 17, 2026, when it became Franklin Templeton, Inc. The NYSE ticker BEN is unchanged.

Is Franklin Templeton publicly traded?
Yes. It trades on the NYSE under ticker BEN.

Who is the CEO of Franklin Templeton?
Jenny Johnson, great-granddaughter of founder Rupert H. Johnson Sr., president and CEO since February 2020.

How much does Franklin Templeton manage?
Approximately $1.8 trillion as of September 30, 2026.

Did Franklin Templeton buy Legg Mason?
Yes, in July 2020 for about $4.5 billion, adding Western Asset, ClearBridge, Brandywine Global, Martin Currie, Royce, and Clarion Partners.

Does the Johnson family still control Franklin Templeton?
The family holds a substantial ownership position and Jenny Johnson leads the company, but it is a public corporation with majority outside shareholders.

Founded: 1947
Headquarters: San Mateo, California, USA
Company Type: Publicly Traded
Stock: New York Stock Exchange: BEN
Revenue: Approximately $7.2 billion adjusted operating revenue (FY2026, ended September 30, 2026)
Employees: Approximately 10,000

Visit Franklin Templeton, Inc. website

View full company profile for Franklin Templeton, Inc.

Where Is Putnam Investments Made / Based?

Headquarters: Boston, Massachusetts, USA

Putnam Investments Categories & Tags

Asset Management Mutual Funds Retirement Equity Boston

Putnam Investments Recalls & Controversies

2003 market timing scandal: Putnam was among the fund companies implicated in the industry-wide market timing and late trading investigations, resulting in regulatory settlements and a reputational rebuild that took most of a decade.

Brand	Parent Company	Country	Founded	Market Position	Primary Market	Gender Target
Royce Investment PartnersSister Brand	Franklin Templeton	USA	1972	Mass market	United states	All Genders
AllianceBernstein	Equitable Holdings	USA	1967	Mass market	Global	All Genders
Ameriprise Financial	Ameriprise	USA	1894	Mass market	Global	All Genders
Nuveen	Tiaa	USA	1898	Mass market	Global	All Genders
Principal	Principal Financial	USA	1879	Mass market	United states	All Genders
State Street Investment Management	State Street	USA	1978	Mass market	Global	All Genders