Franklin Resources Inc was incorporated in Delaware in November 1969. The Company together with its subsidiaries operates as an investment management company. It offers investment services under Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 brand names. The Company provides investment management and related services to investors in jurisdictions worldwide through products that include U.S.- and non-U.S.-registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth and separately-managed accounts. In addition to investment management, the Company's services include fund administration, sales, distribution, marketing, shareholder servicing, trustee, custody and other fiduciary services. It also offers a broad range of SIPs under equity, hybrid, fixed-income and cash management funds and accounts, including alternative investment products, that meet a variety of specific investment needs of individual and institutional investors. The Company also provides sub-advisory services to certain investment products sponsored by other companies which may be sold to the public under the brand names of those other companies or on a co-branded basis. It also offers closed-end funds that issue a set number of shares to investors in a public offering and the shares are then traded on a public stock exchange. The Company is subject to U.S. federal securities laws, state laws regarding securities fraud, other federal and state laws and rules and regulations of certain regulatory and self-regulatory organizations, including those rules and regulations promulgated by, among others, the SEC and the NYSE.