Morningstar Wealth recently announced it is partnering with Apollo Global Management, Franklin Resources, and J.P. Morgan Asset Management to launch the Morningstar Public/Private Select Series, a suite of public/private model portfolios for financial advisors that blend ETFs and interval funds across public equities, private credit, and real estate.
By pairing Franklin Resources’ public and private market strategies with Morningstar’s asset allocation and due diligence framework, the collaboration highlights how large managers are packaging private assets into more accessible, research-led portfolios for individual investors.
We’ll now explore how Franklin Resources’ role in these public/private portfolios could influence its investment narrative around alternatives expansion and product innovation.
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Franklin Resources Investment Narrative Recap
To own Franklin Resources, you need to believe it can offset fee pressure and active fund headwinds by scaling higher-margin areas like alternatives, ETFs, and customized portfolios. The Morningstar public/private models reinforce this shift toward packaging private credit and real estate for advisors, but do not materially change near term focus on stabilizing flows and managing fee compression. The biggest near term risk remains that outflows and pricing pressure outpace the benefits of new products.
Among recent developments, the Preferred Partner Program on the Canvas platform looks especially relevant. It broadens access to tax-managed, third party strategies, which sits alongside the Morningstar alliance as another way Franklin is trying to make its technology and product shelf more useful to advisors. For investors watching catalysts, both initiatives speak to whether Franklin can turn innovation in personalization and alternatives into more durable flows and fees.
Yet, in contrast, investors should also be aware that persistent fee pressure and active fund outflows could still…
Read the full narrative on Franklin Resources (it’s free!)
Franklin Resources’ narrative projects $8.7 billion revenue and $1.1 billion earnings by 2029. This assumes revenue remains fairly flat each year and a roughly $0.5 billion earnings increase from $562.8 million today.
Uncover how Franklin Resources’ forecasts yield a $27.36 fair value, a 17% downside to its current price.
Exploring Other Perspectives 
BEN 1-Year Stock Price Chart
The lowest earning estimates paint a tougher picture for you, even with news like Morningstar’s models, assuming revenue trends near US$8.4 billion and earnings of about US$1.2 billion by 2029, so it is worth weighing how that more cautious view on fee pressure and digital competition might change if these new initiatives gain traction.
Explore 5 other fair value estimates on Franklin Resources – why the stock might be worth 27% less than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BEN.
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