Franklin Resources (BEN)

Company ID: 214 | CIK: 0000038777
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

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Major Customers (% of Revenue)

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Operational KPIs

Wholesalers (advisors)

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Assets held in trust (aua)

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Assets under management (aum)

Offices (branches)

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Shareholders of record (customers)

Deposits (deposits)

Employees (headcount)

Loans outstanding (loans_outstanding)

Net loan charge-off ratio (loss_ratio)

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Net flows (net_flows)

Net interest margin (net_interest_margin)

Nonperforming loans (nonperforming_loans)

Long-term sales (orders_received)

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AUM by fair value level (other)

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AUM by sales region (other)

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AUM change from acquisitions (other)

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AUM change from market and distributions (other)

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AUM exceeding benchmark (other)

AUM from Mutual acquisition (other)

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AUM from acquisition (other)

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AUM from acquisitions (other)

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AUM in top peer quartiles (other)

AUM in top quartiles (other)

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AUM in top two peer group quartiles (other)

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AUM in top two peer quartiles (other)

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AUM market appreciation (other)

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AUM market depreciation (other)

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AUM of other investment products (other)

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AUM performance vs benchmark (other)

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AUM performance vs peers (other)

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Acquisition AUM (other)

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Allowance for loan losses (other)

Allowance for loan losses ratio (other)

Asset-based expense rate (other)

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Authorized repurchase program remaining (other)

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Auto loan delinquency rate (other)

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Auto loan securitization proceeds (other)

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Automobile contracts securitized (other)

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Average AUM by region (other)

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Bank total assets (other)

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Benchmark outperformance (other)

Billable shareholder accounts (other)

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Billable shareholder accounts growth (other)

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Broker-dealer distributors (other)

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Broker-dealer firms distributing funds (other)

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Brokerage firms distributing funds (other)

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Brokerage firms offering funds (other)

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Cash and cash equivalents (other)

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Cash held in agency or trust (other)

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Charge-off rate (other)

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Class II sales share (other)

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Class II share of long-term U.S. mutual fund sales (other)

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Class II share sales mix (other)

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Collateralized Loan Obligations (other)

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Commissionable sales (other)

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Commissionable sales mix (other)

Commissionable sales share (other)

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Commitments to extend credit (other)

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Common shares outstanding (other)

Common shares repurchased (other)

Common stock issued upon conversion (other)

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Common stock outstanding (other)

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Common stock repurchased (other)

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Common stock shares outstanding (other)

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Compensation expense ratio (other)

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Composite AUM exceeding benchmark (other)

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Consolidated Investment Products (other)

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Consolidated collateralized loan obligations (other)

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Consolidated investment products (other)

Consolidated sponsored investment products (other)

Consolidated variable interest entities (other)

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Convertible Notes converted (other)

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Cost of interest-bearing liabilities (other)

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Cost of shares repurchased (other)

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Cost of stock repurchases (other)

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Countries of operation (other)

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Countries served (other)

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Countries with offices (other)

Countries with sales (other)

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Credit quality mix (other)

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Debt (other)

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Delinquency rate (other)

Distributing broker-dealers (other)

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Distributing institutions (other)

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Distribution channels (other)

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Distribution fee rate (other)

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Distribution intermediaries (other)

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Distribution network (other)

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Distributions (other)

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EBITDA margin (other)

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Effective fee rate (other)

Effective income tax rate (other)

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Effective interest rate (other)

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Effective interest rate on debt (other)

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Effective investment management fee rate (other)

Effective management fee rate (other)

Effective tax rate (other)

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Equity AUM (other)

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Equity share of AUM (other)

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Equity share of assets under management (other)

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Financial standby letters of credit (other)

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Fixed income share of AUM (other)

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Fixed-income AUM (other)

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Fund distribution firms (other)

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Funds in top half of Lipper rankings (other)

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Geographic footprint (other)

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Gross fund sales (other)

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Gross product sales (other)

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Gross sales (other)

Institutional performance vs benchmark (other)

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Insurance product funds (other)

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Interest rate swap notional amount (other)

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Investment performance benchmark comparison (other)

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Investment performance peer group comparison (other)

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Liquid assets (other)

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Loan delinquency rate (other)

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Long-term flows (other)

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Long-term fund sales (other)

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Long-term gross inflows (other)

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Long-term gross outflows (other)

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Long-term inflows (other)

Long-term outflows (other)

Long-term redemptions (other)

Long-term sales (other)

Market appreciation (other)

Market depreciation (other)

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Market depreciation of AUM (other)

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Mutual fund AUM in top peer quartiles (other)

Mutual fund AUM in top two peer quartiles (other)

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Mutual fund performance vs peers (other)

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Mutual fund performance vs. peers (other)

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Net charge-off ratio (other)

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Net charge-offs (other)

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Net interest income (other)

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Net loan charge-offs (other)

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Net loan charge-offs ratio (other)

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Net market change (other)

Net market change and other (other)

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New funds introduced (other)

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Non-consolidated VIE AUM (other)

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Non-consolidated VIE assets (other)

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Number of funds (other)

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Office countries (other)

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Offices (other)

Offices operated (other)

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Open-end U.S. mutual funds (other)

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Open-end funds (other)

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Open-end funds managed (other)

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Open-end investment companies (other)

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Operating margin (other)

Outstanding common stock (other)

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Outstanding debt (other)

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Outstanding shares (other)

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Peer group performance (other)

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Peer group quartile performance (other)

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Peer quartile ranking (other)

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Performance fees (other)

Performance-based fees (other)

Performance-based investment management fees (other)

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Primary beneficiary VIEs (other)

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Put options outstanding (other)

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Redemptions (other)

Reinvested distributions (other)

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Sales (other)

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Sales fee rate (other)

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Securities dealers (other)

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Securitization trust loans (other)

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Securitized auto loans (other)

Securitized loan count (other)

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Securitized loan credit mix (other)

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Securitized loan rate (other)

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Securitized loans outstanding (other)

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Securitized loans serviced (other)

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Serviced securitized loans (other)

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Share of AUM priced on daily average (other)

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Shares Outstanding (other)

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Shares available for repurchase (other)

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Shares outstanding (other)

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Shares repurchased (other)

Sponsored funds revenue share (other)

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Sponsored investment products (other)

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Stockholders of record (other)

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Strategy composite AUM exceeding benchmark (other)

Strategy composite performance vs. benchmarks (other)

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Tier 1 leverage ratio (other)

Tier 1 risk-based capital ratio (other)

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Top five fund concentration (other)

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Top five funds share (other)

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Total assets (other)

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Total capital ratio (other)

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Total liabilities (other)

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Total risk-based capital (other)

Total risk-based capital ratio (other)

Total stockholders' equity (other)

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Treasury shares repurchased (other)

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Treasury shares repurchased cost (other)

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Unfunded commitments (other)

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Weighted average effective interest rate (other)

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Weighted-average interest rate (other)

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Wholesalers (other)

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Year 2000 compliance costs (other)

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Year 2000 project costs expended (other)

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Year 2000 remediation progress (other)

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Yield on earning assets (other)

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Sponsored investment products (products)

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Leased office locations (properties)

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Common stock shares outstanding (shares)

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Outstanding common stock (shares_outstanding)

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Leased square footage (square_footage)

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Tier 1 capital ratio (tier1_capital)

Billable shareholder accounts (users)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30restructuringin_progressGlobalCompany-wideMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits tied to workforce optimization initiatives rose $50.3M (quarter) and $78.7M (YTD); no employee counts, dates, or program details disclosed. Related non-GAAP add-backs: $77.2M (Q3) and $123.4M (YTD) of special termination benefits.
2026-06-30restructuringin_progressGlobalVariousUSD 50 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits increased primarily due to higher costs associated with workforce optimization initiatives.
2026-06-30acquisition_additioncompleted2025-10-01EuropeAsset ManagementMD&A
f5-10q / Qwen3.6-27B-Q8_0		Completed acquisition of Apera Asset Management.
2026-03-31restructuringin_progressGlobalCorporate / workforce optimization initiativesUSD 46 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $46.2M for six months ended March 31, 2026 ($30.2M for the quarter), with MD&A citing higher costs from workforce optimization initiatives; incremental increase of $28.4M for the six-month period versus prior year. No employee counts or completion dates disclosed.
2026-03-31restructuringin_progressUSD 13 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Increase in special termination benefits primarily due to higher costs associated with workforce optimization initiatives.
2026-03-31acquisition_additioncompleted2025-10-01MD&A
f5-10q / Qwen3.6-27B-Q8_0		Completed acquisition of Apera Asset Management; headcount impact not explicitly quantified.
2025-12-31restructuringin_progressGlobalCompany-wideUSD 16 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $16.0M for the quarter tied to workforce optimization initiatives; MD&A also cites headcount reductions from cost savings initiatives. No employee count, announcement date, or completion date disclosed. Headcount declined to approximately 9,900 at 2025-12-31.
2025-12-31restructuringin_progressUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Increase in special termination benefits primarily due to higher costs associated with workforce optimization initiatives.
2025-12-31acquisition_additioncompleted2025-10-01EuropeAlternative AssetsMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Acquisition of Apera Asset Management completed on October 1, 2025. Headcount impact not explicitly quantified.
2025-12-31restructuringin_progressGlobalUSD 16 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Increase in special termination benefits primarily due to higher costs associated with workforce optimization initiatives.
2025-09-30restructuringcompletedUSD 70 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		Workforce optimization and cost-savings initiatives drove headcount reductions during fiscal 2025; global headcount declined from approximately 10,200 at September 30, 2024 to approximately 9,800 at September 30, 2025. No specific affected-employee count is disclosed. Special termination benefits relate to optimization tied to past acquisitions and certain company initiatives; filing does not state whether initiatives are fully concluded.
2025-09-30restructuringin_progressGlobalCompany-wideUSD 70 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		MD&A cites headcount reductions from cost-savings initiatives and special termination benefits of $69.7M in FY2025 (vs. $75.8M in FY2024) tied to workforce optimization; no employee count, announcement date, or completion timeline disclosed. Global workforce fell from approximately 10,200 to approximately 9,800 year over year.
2025-09-30acquisition_additioncompleted2025-10-012025-10-01EuropeInvestment management — alternatives (Apera Asset Management)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Cash consideration of €65.2 million net of closing adjustments, plus up to €125.0 million payable through the fifth anniversary based on revenue targets. No headcount added disclosed.
2025-09-30restructuringcompletedGlobalUSD 70 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Special termination benefits of $69.7 million recognized in fiscal 2025, primarily related to workforce optimization initiatives. Headcount decreased from approx. 10,200 to 9,800.
2025-09-30acquisition_additioncompleted2025-10-01GlobalAsset Managementsubsequent_events
f5-10k / Qwen3.6-27B-Q8_0		Acquisition of Apera Asset Management completed on October 1, 2025. Employee count not disclosed.
2025-06-30restructuringin_progressGlobalNot specifiedUSD 45 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $44.7M for nine months ended June 30, 2025 ($26.9M in Q3), including $10.2M increase in Q3 from workforce optimization initiatives; no employee counts or completion dates disclosed
2025-06-30restructuringin_progressGlobalVariousUSD 27 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits increased $10.2 million for the three months ended June 30, 2025 primarily due to higher costs associated with workforce optimization initiatives.
2025-06-30restructuringin_progressGlobalVariousUSD 45 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits decreased $19.1 million for the nine months ended June 30, 2025 primarily due to higher costs associated with such initiatives in the prior year period.
2025-06-30restructuringin_progressUSD 10 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits increased $10.2 million for the three months ended June 30, 2025 primarily due to higher costs associated with workforce optimization initiatives.
2025-06-30restructuringin_progressUSD 45 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits decreased $19.1 million for the nine months ended June 30, 2025 primarily due to higher costs associated with such initiatives in the prior year period. Total YTD charge was $44.7 million.
2025-03-31restructuringin_progressGlobalUSD 17 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		MD&A attributes lower salaries, wages and benefits in the quarter partly to headcount reductions and cites special termination benefits of $17.4 million tied to workforce optimization initiatives; no employee count, announcement date, or completion timing disclosed.
2024-12-31acquisition_additioncompleted2024-01-01GlobalAllMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Workforce increased by approximately 1,000 employees (from 9,100 to 10,100) primarily due to the acquisition of Putnam on January 1, 2024.
2024-12-31restructuringcompletedGlobalAllUSD 6 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits decreased $6.3 million primarily due to costs associated with workforce optimization initiatives in the prior year.
2024-12-31acquisition_additioncompletedGlobalAll functionsMD&A
f5-10q / Qwen3.6-27B-Q8_0		Workforce increased from approx. 9,100 to 10,100 primarily due to the acquisition of Putnam. Specific headcount added not disclosed.
2024-12-31restructuringcompletedGlobalAll functionsUSD 6 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits decreased $6.3 million primarily due to costs associated with workforce optimization initiatives in the prior year.
2024-09-30acquisition_additioncompletedGlobalInvestment management and related servicesMD&A
f5-10k / GLM-5.3-flash-HTML		Putnam Investments acquired from Great-West Lifeco on January 1, 2024. Global workforce increased from ~9,200 to ~10,200 during FY2024, attributed primarily to the acquisition; headcount added by Putnam not separately quantified in the filing.
2024-09-30restructuringin_progressUSD 76 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		FY2024 special termination benefits of $75.8 million (vs. $63.2 million in FY2023), increase primarily attributed to the Putnam acquisition. Non-GAAP definition ties special termination benefits to workforce optimization initiatives from past acquisitions and certain company initiatives. Employee counts and completion timeline not disclosed; charge overlaps with Putnam acquisition-related termination benefits (Note 3 discloses $152.9 million of acquisition-related compensation including termination benefits).
2024-09-30acquisition_additioncompleted2024-01-012024-01-01GlobalInvestment management and related servicesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		MD&A states global workforce grew to approximately 10,200 from approximately 9,200 primarily due to the Putnam acquisition; no explicit headcount added figure is disclosed. Company also incurred $152.9M of acquisition-related compensation and benefits expense in FY2024, including retention bonuses and termination benefits, and reports special termination benefits rose in FY2024 partly due to Putnam.
2024-09-30acquisition_additioncompleted2024-01-012024-01-01GlobalInvestment ManagementMD&A
f5-10k / Qwen3.6-27B-Q8_0		Acquisition of Putnam Investments on January 1, 2024. Workforce increased from approximately 9,200 to 10,200 employees (approx. 1,000 net increase) primarily due to this acquisition.
2024-09-30restructuringcompletedGlobalVariousUSD 13 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Special termination benefits increased $12.6 million primarily due to the acquisition of Putnam, partially offset by costs associated with workforce optimization initiatives.
2024-06-30acquisition_additioncompleted2024-01-012024-01-01GlobalInvestment managementbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Closed January 1, 2024; MD&A attributes the increase in global workforce from ~9,300 to ~10,300 primarily to this acquisition. No headcount added disclosed. Related acquisition retention compensation of $217.3M for nine months ended June 30, 2024, with ~$60M more expected in remainder of fiscal 2025 and ~$190M annually beginning fiscal 2026
2024-06-30acquisition_additioncompleted2024-01-01GlobalAll segmentsMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Acquisition of Putnam Investments on January 1, 2024 contributed to the increase in global workforce from approximately 9,300 to 10,300 employees.
2024-06-30acquisition_additioncompleted2024-01-01GlobalAll functionsMD&A
f5-10q / Qwen3.6-27B-Q8_0		Acquisition of Putnam Investments on Jan 1, 2024. Total headcount increased from ~9,300 to ~10,300 (approx. 1,000 net addition). Specific headcount of acquired entity not explicitly disclosed as a standalone integer, but implied by delta.
2024-03-31acquisition_additioncompleted2024-01-01GlobalInvestment managementbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Putnam acquired from Great-West Lifeco; headcount added not quantified. MD&A attributes the increase in global workforce to approximately 10,100 from approximately 9,200 primarily to this acquisition. Related acquisition-related retention compensation of $104.5M in Q2 and $173.6M YTD, with about $130M expected in the remainder of FY2024 and about $190M in FY2025.
2024-03-31acquisition_additioncompleted2024-01-01GlobalAll segmentsMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Acquisition of Putnam Investments on January 1, 2024. Total headcount increased from ~9,200 to ~10,100. Specific headcount added by acquisition not explicitly quantified, but implied delta is ~900.
2024-03-31acquisition_additioncompleted2024-01-01GlobalAllMD&A
f5-10q / Qwen3.6-27B-Q8_0		Acquisition of Putnam Investments on Jan 1, 2024. Total headcount increased from ~9,200 to ~10,100. Specific headcount added by Putnam not explicitly quantified, but implied delta is ~900.
2023-12-31restructuringin_progressGlobalMultipleUSD 7 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Ongoing workforce optimization initiatives related to past acquisitions and other Company initiatives; no employee count or completion date disclosed. Disclosed as special termination benefits in the adjusted operating income reconciliation.
2023-12-31acquisition_additionannounced2024-01-012024-01-01GlobalInvestment managementsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Closed January 1, 2024, after the quarter end; consideration included 31.6 million shares plus cash. No headcount added disclosed.
2023-12-31restructuringin_progressUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits decreased $4.2 million primarily due to the acquisition of Alcentra in the prior year, partially offset by higher costs associated with workforce optimization initiatives.
2023-09-30acquisition_additioncompleted2022-11-012022-11-01Global (Europe-focused credit and private debt manager)Investment management and related servicesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition completed within fiscal year 2023; headcount added not disclosed. Purchase price included cash consideration of $594.1 million, deferred consideration of $62.0 million, and contingent consideration with acquisition-date fair value of $24.6 million. Alcentra contributed $158.0 million of operating revenue in fiscal year 2023.
2023-09-30restructuringin_progressGlobalInvestment management and related servicesUSD 63 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Fiscal year 2023 special termination benefits of $63.2 million, an increase of $55.0 million year over year, attributed primarily to workforce optimization initiatives and the Alcentra acquisition. Employees affected and program dates not disclosed. Global workforce decreased from approximately 9,800 to approximately 9,200 over the fiscal year.
2023-09-30acquisition_additionannounced2023-05-312023-12-31United StatesInvestment management and related servicesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Definitive agreement to acquire Putnam Investments from Great-West Lifeco announced May 2023; expected to close in the first quarter of fiscal year 2024 (quarter ending December 31, 2023). Consideration of approximately 33.3 million shares plus $100.0 million cash. Headcount to be added not disclosed.
2023-09-30restructuringcompletedGlobalUSD 55 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Special termination benefits increased $55.0 million primarily due to workforce optimization initiatives and the acquisition of Alcentra. Headcount decreased from approximately 9,800 to 9,200.
2023-06-30acquisition_additioncompleted2022-11-01Global (headquartered in Europe/UK credit manager)Investment management (credit and private debt)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition closed November 1, 2022 within the fiscal year; no headcount added disclosed. Related acquisition-related retention compensation of $108.1M recognized in the nine months ended June 30, 2023, with approximately $70M more expected in the remainder of fiscal 2023.
2023-06-30restructuringin_progressGlobalWorkforce optimization initiativesUSD 55 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $54.9M for the nine months ended June 30, 2023 ($12.2M in the quarter) tied to workforce optimization initiatives and the Alcentra acquisition; no employee count disclosed. MD&A also cites headcount reductions as a partial offset to salary expense growth.
2023-06-30acquisition_additionannounced2023-05-31United StatesInvestment management (Putnam Investments, LLC)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Definitive agreement to acquire Putnam Investments from Great-West Lifeco for 33.3M shares plus $100.0M cash; no headcount added disclosed.
2023-06-30restructuringin_progressGlobalVariousUSD 12 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Filer reports $11.5 million increase in special termination benefits for the quarter due to workforce optimization initiatives and the acquisition of Alcentra.
2023-06-30restructuringin_progressGlobalUSD 12 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits increased $11.5 million for the three months ended June 30, 2023, primarily due to workforce optimization initiatives and the acquisition of Alcentra.
2023-06-30restructuringin_progressGlobalUSD 47 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits increased $47.1 million for the nine months ended June 30, 2023, primarily due to workforce optimization initiatives and the acquisition of Alcentra.
2023-03-31restructuringin_progressGlobalGlobal workforceUSD 43 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $42.7M for the six months ended March 31, 2023 (including $31.8M in the quarter) tied to workforce optimization initiatives and the Alcentra acquisition; no employee count disclosed.
2023-03-31acquisition_additioncompleted2022-11-01GlobalInvestment management (credit and private debt)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition closed November 1, 2022; no headcount added disclosed. Related acquisition retention compensation was $86.8M for the six months ended March 31, 2023, with approximately $130M expected for the remainder of fiscal 2023.
2023-03-31restructuringin_progressGlobalVariousUSD 32 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits increased $27.4 million for the three months ended March 31, 2023 primarily due to workforce optimization initiatives and the acquisition of Alcentra.
2023-03-31restructuringin_progressGlobalVariousUSD 43 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits increased $35.6 million for the six months ended March 31, 2023 primarily due to workforce optimization initiatives and the acquisition of Alcentra.
2023-03-31restructuringin_progressGlobalVariousUSD 27 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits increased $27.4 million for the three months ended March 31, 2023, primarily due to workforce optimization initiatives and the acquisition of Alcentra.
2023-03-31restructuringin_progressGlobalVariousUSD 36 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits increased $35.6 million for the six months ended March 31, 2023, primarily due to workforce optimization initiatives and the acquisition of Alcentra.
2022-12-31restructuringin_progressGlobalCompany-wideUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		MD&A cites headcount reductions during the quarter and $10.9M of special termination benefits tied to workforce optimization initiatives, partly linked to the Alcentra acquisition; no employee count or completion date disclosed. Filer expects additional acquisition-related retention expense of about $190M for the remainder of fiscal 2023.
2022-12-31restructuringin_progressGlobalUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits of $10.9 million incurred for the three months ended December 31, 2022, primarily due to the acquisition of Alcentra and workforce optimization initiatives.
2022-12-31restructuringin_progressGlobalVariousUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Increase in termination benefits of $4.3 million included in salaries, wages and benefits. Workforce optimization initiatives mentioned alongside acquisition-related retention.
2022-12-31acquisition_additioncompleted2022-11-01GlobalAlcentrabusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0		Acquired BNY Alcentra Group Holdings, Inc. on November 1, 2022. Headcount added not explicitly quantified in this filing.
2022-12-31acquisition_additioncompleted2022-04-01GlobalLexington PartnersMD&A
f5-10q / Qwen3.6-27B-Q8_0		Acquired Lexington Partners on April 1, 2022. Headcount added not explicitly quantified in this filing.
2022-09-30acquisition_additioncompleted2021-12-312021-12-31United StatesInvestment management (quantitative equity)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquired for approximately $300.0 million cash consideration; no headcount disclosed.
2022-09-30acquisition_additioncompleted2022-04-012022-04-01United StatesInvestment management (secondary private equity and co-investment funds)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Cash consideration of $984.7 million at close plus $750.0 million deferred; a 25% profits interest and performance-based cash retention awards were granted to certain employees vesting over approximately five years. No headcount disclosed; Lexington excluded from management's ICFR assessment (approx. 2% of revenues, 1% of assets).
2022-09-30restructuringin_progressGlobalEnterpriseUSD 8 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		FY2022 special termination benefits of $8.2 million related to workforce optimization initiatives tied to past acquisitions and other Company initiatives; MD&A also cites headcount reductions as a driver of flat salaries and wages. No employee count disclosed.
2022-09-30voluntary_separationannounced2022-11-01United StatesCertain U.S. employees meeting age and years-of-service criteriasubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Voluntary buyout announced after fiscal year-end; impact unknown but expected to increase compensation and benefits expense in fiscal year 2023.
2022-09-30acquisition_additioncompleted2022-11-012022-11-01EuropeInvestment management (European credit and private debt)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquired from BNY Mellon for approximately $587.3 million cash at closing plus up to $350.0 million contingent consideration; no headcount disclosed.
2022-09-30restructuringcompletedGlobalUSD 8 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Special termination benefits of $8.2 million related to workforce optimization initiatives. Headcount decreased from approximately 10,300 to 9,800.
2022-09-30voluntary_separationannounced2022-11-01United Statessubsequent_events
f5-10k / Qwen3.6-27B-Q8_0		Announced voluntary buyout for certain U.S. employees meeting specific age and service criteria. Impact unknown.
2022-06-30acquisition_additioncompleted2022-04-01GlobalInvestment management (alternatives / secondary private equity)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Headcount added not disclosed; filing notes a 25% profits interest and performance-based cash retention awards vesting over approximately five years, plus $16.3 million of acquisition costs for the nine months ended June 30, 2022
2022-06-30acquisition_additionannounced2022-05-31GlobalInvestment management (fixed income)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Announced during the quarter, not yet closed as of filing; cash consideration of approximately $350 million plus up to $350 million contingent consideration; headcount added not disclosed
2022-06-30restructuringin_progressGlobalEnterprise-wideMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		No employee count or severance amount disclosed for the reductions; filing separately reports total workforce of approximately 9,800 at June 30, 2022 versus approximately 10,600 at June 30, 2021 (difference not attributed to a single action); special termination benefits of $0.7 million (three months) and $7.8 million (nine months) relate to workforce optimization initiatives from past acquisitions
2022-03-31acquisition_additioncompleted2021-12-31Investment managementMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		All outstanding ownership interests acquired for approximately $300 million cash; no headcount added disclosed
2022-03-31acquisition_additioncompleted2022-04-01Investment managementsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Closed after quarter end; $1.0 billion cash plus $750.0 million payable over three years; no headcount added disclosed
2022-03-31restructuringin_progressUSD 7 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Six months ended March 31, 2022 charge; relates to workforce optimization tied to the prior-year Legg Mason acquisition; employee counts not disclosed
2022-03-31restructuringin_progressGlobalVariousUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits decreased $6.1 million for the three months ended March 31, 2022 compared to prior year. Workforce optimization initiatives related to the acquisition of Legg Mason, Inc. were cited as the driver for prior year expenses.
2022-03-31restructuringin_progressGlobalVariousUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits decreased $10.8 million for the six months ended March 31, 2022 compared to prior year. Workforce optimization initiatives related to the acquisition of Legg Mason, Inc. were cited as the driver for prior year expenses.
2021-12-31acquisition_additioncompleted2021-12-312021-12-31United StatesInvestment Management (quantitative asset management)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquired all outstanding ownership interests for approximately $300 million cash, excluding future performance-based payments; no headcount added disclosed
2021-12-31acquisition_additionannounced2021-11-012022-04-01United StatesInvestment Management (private equity fund-of-funds)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Cash consideration of approximately $1.0 billion at closing plus $750 million payable over three years; expected to close on or around April 1, 2022; no headcount added disclosed
2021-12-31restructuringin_progressGlobalVariousUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits decreased $4.7 million primarily due to workforce optimization initiatives related to the acquisition of Legg Mason, Inc.
2021-12-31acquisition_additioncompleted2021-12-31United StatesQuantitative Asset ManagementUSD 300 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Acquired all outstanding ownership interest in O’Shaughnessy Asset Management, LLC for cash consideration of approximately $300 million.
2021-12-31restructuringin_progressUSD 3 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits of $2.7 million related to workforce optimization initiatives related to the acquisition of Legg Mason, Inc.
2021-12-31acquisition_additioncompleted2021-12-31MD&A
f5-10q / Qwen3.6-27B-Q8_0		Acquired all outstanding ownership interest in O'Shaughnessy Asset Management, LLC on December 31, 2021.
2021-09-30restructuringcompletedGlobalCompany-wideUSD 27 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		Special termination benefits of $27.1 million in fiscal 2021 tied to workforce optimization initiatives following the Legg Mason acquisition. Affected-employee count not disclosed; MD&A notes the global workforce fell from approximately 11,800 to approximately 10,300 during the year. Headcount reduction implied but not explicitly quantified as an action total.
2021-09-30restructuringin_progressGlobalGlobal workforceUSD 27 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		FY2021 charge of $27.1 million (vs. $54.8 million in FY2020); no employees-affected count or completion timeline disclosed. Global workforce declined from approximately 11,800 to approximately 10,300 over the year, but the filing does not attribute the full decline to this program.
2021-09-30acquisition_additionannounced2021-09-292021-12-31Quantitative asset management / separately managed accountssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Cash consideration of approximately $300.0 million at closing, excluding performance-based payments; expected to close in Q1 fiscal 2022. No headcount disclosed.
2021-09-30acquisition_additionannounced2021-11-012022-03-31Secondary private equity and co-investment funds (alternatives)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Approximately $1.0 billion cash at closing plus $750.0 million payable over three years; expected to close by end of Q2 fiscal 2022. Announced after fiscal year-end; no headcount disclosed.
2021-09-30restructuringcompleted2020-10-012021-09-30GlobalAll functionsUSD 27 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Workforce optimization initiatives related to the acquisition of Legg Mason. Headcount decreased from approximately 11,800 at September 30, 2020 to approximately 10,300 at September 30, 2021.
2021-06-30restructuringin_progressGlobalWorkforce optimization initiatives related to the Legg Mason acquisitionUSD 22 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $21.8M for the nine months ended June 30, 2021 ($3.9M in Q3) tied to workforce optimization from the Legg Mason acquisition; no employee count or completion date disclosed.
2021-06-30acquisition_additioncompleted2020-07-31GlobalLegg Mason, Inc. (acquired business)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Legg Mason acquisition closed July 31, 2020 (prior fiscal quarter); filing discloses no headcount added. Included for context on the workforce increase to ~10,600 employees.
2021-06-30restructuringin_progress2020-07-31GlobalVariousUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits related to workforce optimization initiatives associated with the acquisition of Legg Mason.
2021-06-30restructuringin_progress2020-07-31GlobalVariousUSD 22 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Year-to-date special termination benefits related to workforce optimization initiatives associated with the acquisition of Legg Mason.
2021-06-30restructuringin_progress2020-07-31USD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits relate to workforce optimization initiatives related to the acquisition of Legg Mason. Charge represents three months ended June 30, 2021.
2021-06-30restructuringin_progress2020-07-31USD 22 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits relate to workforce optimization initiatives related to the acquisition of Legg Mason. Charge represents nine months ended June 30, 2021.
2021-03-31restructuringin_progressGlobalWorkforce optimization initiatives related to the Legg Mason acquisitionUSD 18 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $10.5M in Q2 and $17.9M YTD; no employee count, announcement date, or completion date disclosed
2021-03-31otherin_progressGlobalAcquisition-related retention (Legg Mason)USD 90 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Retention compensation of $46.6M in Q2 and $90.1M YTD; approximately $70M more expected in remainder of FY2021, then ~$130M in FY2022 declining ~$15M and ~$25M over the following two fiscal years; no headcount disclosed
2021-03-31restructuringin_progress2020-07-31GlobalWorkforce optimizationUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits related to workforce optimization initiatives related to the acquisition of Legg Mason. Charge represents three months ended March 31, 2021.
2021-03-31restructuringin_progress2020-07-31GlobalWorkforce optimizationUSD 18 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits related to workforce optimization initiatives related to the acquisition of Legg Mason. Charge represents six months ended March 31, 2021.
2020-12-31restructuringin_progressGlobalWorkforce optimization initiatives related to Legg Mason acquisitionUSD 7 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits for the quarter ended December 31, 2020 relate to workforce optimization initiatives tied to the July 31, 2020 Legg Mason acquisition; no employee count or completion date disclosed. Excluded from adjusted (non-GAAP) operating income.
2020-12-31acquisition_additioncompleted2020-07-31GlobalLegg Mason, Inc. (acquired business)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Legg Mason acquisition closed July 31, 2020; headcount added through the acquisition is not quantified in this filing. MD&A notes total workforce of approximately 11,400 at December 31, 2020 versus approximately 9,600 at December 31, 2019, and acquisition-related retention expense of $43.5 million plus $7.4 million of special termination benefits were incurred in the quarter; the filing does not explicitly attribute the headcount change to the acquisition.
2020-12-31restructuringin_progress2020-07-31GlobalAll segmentsUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits related to workforce optimization initiatives following the acquisition of Legg Mason.
2020-12-31acquisition_additioncompleted2020-07-31GlobalAllMD&A
f5-10q / Qwen3.6-27B-Q8_0		Workforce increased from ~9,600 to ~11,400 primarily due to the acquisition of Legg Mason on July 31, 2020. Specific headcount added not disclosed.
2020-12-31restructuringin_progress2020-07-31GlobalAllUSD 7 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special termination benefits of $7.4 million incurred for workforce optimization initiatives related to the Legg Mason acquisition. Employee count not disclosed.
2020-09-30acquisition_additioncompleted2020-02-172020-07-31GlobalInvestment managementMD&A
f5-10k / GLM-5.3-flash-HTML		Legg Mason acquisition completed July 31, 2020 (merger agreement dated February 17, 2020). Workforce rose from roughly 9,600 to roughly 11,800 employees; headcount added by the deal itself is not separately disclosed.
2020-09-30restructuringcompletedGlobalUSD 55 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		Special termination benefits of $54.8 million recognized in fiscal 2020 for workforce optimization initiatives tied to the Legg Mason acquisition; number of employees affected not disclosed.
2020-09-30acquisition_additioncompleted2020-02-172020-07-31GlobalInvestment management and related servicesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition closed July 31, 2020; added $797.4 billion AUM. Headcount added not separately disclosed; total workforce rose from approximately 9,600 to approximately 11,800 year over year.
2020-09-30restructuringcompletedGlobalWorkforce optimization related to Legg Mason acquisitionUSD 55 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $54.8 million in FY2020 for workforce optimization initiatives tied to the Legg Mason acquisition; employees affected not disclosed.
2020-09-30otherin_progress2020-04-24IndiaFixed income mutual fund schemes (six schemes)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Subsidiary FTTS decided to wind up six India fixed income fund schemes (~$3.4B AUM); FTAMI ceased earning investment management fees. Headcount impact not quantified; subject to unitholder and regulatory proceedings.
2020-09-30restructuringcompleted2020-07-31GlobalAllUSD 55 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Special termination benefits related to workforce optimization initiatives associated with the acquisition of Legg Mason.
2020-09-30acquisition_additioncompleted2020-07-31GlobalAllMD&A
f5-10k / Qwen3.6-27B-Q8_0		Global workforce increased to approximately 11,800 employees from approximately 9,600 at September 30, 2019, primarily due to the acquisition of Legg Mason.
2020-06-30restructuringin_progress2020-02-172020-09-30GlobalWorkforce optimization initiatives related to pending Legg Mason acquisitionUSD 14 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Approximately $14 million of additional termination benefits expected in the remainder of fiscal 2020; $8.7 million recognized in both the three and nine months ended June 30, 2020. No employee count disclosed.
2020-06-30otherin_progressGlobalAcquisition-related retention compensationUSD 64 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Retention compensation for employees of acquired firms: $15.5 million in the three months and $64.0 million in the nine months ended June 30, 2020. Approximately $20 million more expected in the remainder of fiscal 2020, then roughly $70 million annually beginning fiscal 2021 declining about $10 million per year over the following three years. No employee count disclosed.
2020-06-30acquisition_additionannounced2020-02-172020-07-31United StatesLegg Mason, Inc.subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		All closing conditions satisfied as of July 17, 2020; merger consideration deposited in escrow, closing expected July 31, 2020. $50 per share cash, approximately $4.7 billion aggregate consideration plus approximately $2 billion of assumed debt. No headcount added disclosed.
2020-06-30acquisition_additioncompletedUnited StatesPennsylvania Trust Company; AdvisorEngine Inc.; Athena Capital Advisors, LLCUSD 86 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Three acquisitions completed during the nine months ended June 30, 2020 with total cash purchase consideration of $86.3 million. No headcount added disclosed.
2020-06-30restructuringin_progressGlobalVariousUSD 9 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits related to workforce optimization initiatives associated with pending Legg Mason acquisition. $8.7 million incurred in Q3 2020; $8.7 million YTD. No specific headcount reduction disclosed.
2020-06-30restructuringcompletedGlobalVariousMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Workforce decreased by approximately 300 employees (from ~9,800 to ~9,500) between June 30, 2019 and June 30, 2020. Driven by termination benefits and lower average staffing levels. No discrete RIF event disclosed for Q3 2020.
2020-06-30restructuringin_progress2020-06-302020-09-30GlobalVariousUSD 14 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Expected additional termination benefit expenses related to workforce optimization initiatives related to the pending acquisition of Legg Mason, Inc. of approximately $14 million during the remainder of the fiscal year.
2020-03-31restructuringannounced2020-04-302020-09-30GlobalFund administration and positions moving to lower cost jurisdictionsUSD 4 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Forward-looking expectation of approximately $4 million in additional termination benefit expenses over the remainder of fiscal 2020, tied to relocating certain roles to lower cost jurisdictions and outsourcing fund administration; announcement date approximated as filing date; no employee count disclosed
2020-03-31acquisition_additionannounced2020-02-172020-09-30GlobalLegg Mason, Inc. (pending acquisition)USD 40 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Merger agreement signed 2020-02-17; approximately $40 million of acquisition-related retention expenses expected over remainder of fiscal 2020, with annual amounts of approximately $70 million beginning in fiscal 2021 declining about $10 million per year over the following three years; no headcount added yet as transaction had not closed at quarter end
2020-03-31restructuringin_progressGlobalUSD 4 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Expected to incur additional termination benefit expenses of approximately $4 million during the remainder of the fiscal year primarily related to moving certain positions to lower cost jurisdictions and outsourcing fund administration services.
2019-12-31restructuringin_progress2020-09-30GlobalFund administration and roles relocated to lower-cost jurisdictionsUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Filer expects about $11 million of additional termination benefit expense over the remainder of fiscal 2020 for relocating positions to lower-cost jurisdictions and outsourcing fund administration. $5.4 million of termination benefits were already recorded in the quarter as part of the compensation increase; no employee count disclosed.
2019-12-31otherin_progress2024-09-30GlobalAcquired firms (Benefit Street Partners and other acquisitions)USD 60 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition-related retention compensation: $16.6 million recorded in salaries/wages this quarter; approximately $60 million more expected in remainder of fiscal 2020, then about $70 million annually starting fiscal 2021 declining roughly $10 million per year over the following three years. Compensation program, not a headcount action; no employee count disclosed.
2019-12-31restructuringin_progressGlobalFund AdministrationUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Expected to incur additional termination benefit expenses of approximately $11 million during the remainder of the fiscal year primarily related to moving certain positions to lower cost jurisdictions and outsourcing fund administration services.
2019-09-30voluntary_separationcompleted2502.5%GlobalUSD 60 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		Disclosed as approximately 250 employees, with separations recognized in fiscal 2019. The $60.1 million is the combined year-over-year increase in termination benefits, attributed primarily to special benefits for this program and the concurrent 2.0% workforce reduction — treat as one combined charge across the two records to avoid double counting. Implied total workforce from 250 / 2.5% (~10,000) is broadly consistent with the approximately 9,600 disclosed headcount.
2019-09-30reduction_in_forcecompleted2%GlobalMD&A
f5-10k / GLM-5.3-flash-HTML		Disclosed as an additional 2.0% workforce reduction concurrent with the voluntary separation program; affected headcount not quantified. Shares the combined $60.1 million termination benefits increase recorded on the voluntary separation record.
2019-09-30restructuringannouncedFund administrationUSD 6 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		Approximately $6 million of termination benefit expenses expected during fiscal year 2020 (ending September 30, 2020) in connection with outsourcing fund administration services; affected headcount and specific announcement date not disclosed.
2019-09-30acquisition_additioncompleted2019-02-01United StatesAlternative credit managementbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML		Acquisition of Benefit Street Partners L.L.C., a U.S. alternative credit manager, completed February 1, 2019 for cash consideration of $720.1 million; the date shown is the acquisition completion date. Headcount added through the acquisition is not disclosed. MD&A separately cites higher average staffing levels and $60.7 million of acquisition-related retention compensation attributable to acquisitions.
2019-09-30voluntary_separationcompleted2502.5%GlobalGlobal workforceMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits for the voluntary separation of approximately 250 employees, described as 2.5% of the global workforce; no separate charge amount or dates disclosed.
2019-09-30reduction_in_forcecompleted2%GlobalGlobal workforceMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Filing describes an additional 2.0% workforce reduction alongside the voluntary separation program; absolute headcount not disclosed and not calculated.
2019-09-30acquisition_additioncompleted2019-02-012019-02-01United StatesAlternative credit (Benefit Street Partners L.L.C.)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Benefit Street Partners L.L.C. for $720.1 million cash consideration; acquired headcount not disclosed. MD&A notes higher average staffing levels primarily due to acquisitions.
2019-09-30otherannouncedGlobalFund administrationUSD 6 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Outsourcing of fund administration services; approximately $6 million of termination benefits expected in fiscal year 2020. Employee counts and dates not disclosed.
2019-09-30voluntary_separationcompleted2502.5%GlobalMD&A
f5-10k / Qwen3.6-27B-Q8_0		Special benefits related to voluntary separation of approximately 250 employees, representing 2.5% of global workforce.
2019-09-30reduction_in_forcecompleted2%GlobalMD&A
f5-10k / Qwen3.6-27B-Q8_0		Additional 2.0% workforce reduction mentioned alongside voluntary separations; specific headcount not disclosed.
2019-06-30voluntary_separationin_progress2502.5%2019-09-30GlobalGlobal workforceMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special benefits tied to voluntary separation of about 250 employees (2.5% of global workforce). Termination benefits rose $38.5M in Q3 and $48.8M YTD; filer expects roughly $15M additional expense in Q4 FY2019 for these actions.
2019-06-30reduction_in_forcein_progress2%2019-09-30GlobalGlobal workforceMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Filer discloses an additional 2.0% workforce reduction alongside the voluntary separation program; absolute headcount not stated. Expected to drive roughly $15M of additional Q4 FY2019 expense with cost structure and business optimization initiatives.
2019-06-30restructuringin_progress2502.5%2019-06-30GlobalUSD 39 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Voluntary separation of approximately 250 employees, representing 2.5% of global workforce.
2019-06-30restructuringin_progress2%2019-06-30GlobalMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Additional 2.0% workforce reduction.
2019-06-30voluntary_separationin_progress2502.5%2019-06-30GlobalUSD 39 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special benefits related to voluntary separation of approximately 250 employees (2.5% of global workforce). Charge represents Q2 portion of $48.8M YTD termination benefits.
2019-06-30restructuringin_progress1962%2019-06-30GlobalMD&A
f5-10q / Qwen3.6-27B-Q8_0		Additional 2.0% workforce reduction mentioned alongside voluntary separations. Specific headcount derived from 2% of 9,800 total employees.
2019-03-31voluntary_separationin_progress250GlobalUSD 34 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special benefits for voluntary separation of approximately 250 employees; termination benefits rose $9.9M (Q2) and $10.3M (YTD); company expects roughly $34M additional expense in the remainder of fiscal 2019, plus further termination benefits from ongoing cost structure optimization
2019-03-31voluntary_separationin_progress2502019-01-01GlobalVariousUSD 10 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special benefits related to voluntary separation of approximately 250 employees. $9.9 million incurred in Q2 2019. Additional expenses of approximately $34 million expected during the remainder of the fiscal year.
2019-03-31acquisition_additioncompleted2019-02-01United StatesAlternative CreditMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Acquisition of Benefit Street Partners L.L.C. on Feb 1, 2019. Headcount not explicitly quantified, but noted as driver for higher average staffing levels and $24.7 million in acquisition-related retention compensation.
2019-03-31voluntary_separationin_progress250GlobalUSD 10 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special benefits related to voluntary separation of approximately 250 employees. Additional expenses of approximately $34 million expected during remainder of fiscal year.
2018-12-31voluntary_separationannounced2019-01-29United StatesCertain U.S. employees meeting age and years-of-service criteriasubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Voluntary buyout offered after quarter-end; impact unknown but expected to increase compensation and benefits expense for the remainder of fiscal 2019. No headcount or charge quantified.
2018-12-31otherannounced2019-01-29United Statessubsequent_events
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Company offered voluntary buyout to certain U.S. employees meeting specific age and service criteria. Impact is unknown but expected to increase compensation and benefits expense.
2018-09-30othercompletedGlobalNot specifiedUSD 14 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		MD&A attributes part of the fiscal 2018 increase in salaries, wages and benefits to termination benefits; no employee count or program details disclosed.
2018-09-30acquisition_additioncompletedNot specifiedInvestment managementMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Fiscal 2018 acquisitions: $86.8 million paid net of cash acquired and 0.8 million shares issued; added $9.8 billion of AUM. No headcount acquired disclosed.
2018-09-30acquisition_additionannounced2018-10-24United StatesAlternative credit managementsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Agreement to acquire Benefit Street Partners L.L.C. for approximately $683 million in cash (of which $130 million to retire debt), signed after fiscal year-end; no headcount disclosed.
2017-12-31acquisition_additionannounced2018-01-17United KingdomInvestment management (global value equity)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Agreement to acquire all outstanding shares of Edinburgh Partners Limited; no headcount, charge, or completion timing disclosed.
2017-09-30voluntary_separationcompleted300MD&A
f5-10k / Qwen3.6-27B-Q8_0		Described as 'special benefits related to the voluntary separation of approximately 300 employees' in fiscal year 2016, contributing to termination benefits expense.
2016-09-30voluntary_separationcompleted300USD 56 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		Fiscal 2016 termination benefits expense increased $55.7 million, primarily for special benefits tied to the voluntary separation of approximately 300 employees. Company stated it may incur additional termination benefit expenses as it implements business changes. No announcement date, geography, or segment breakdown was disclosed.
2016-09-30voluntary_separationin_progress300GlobalCorporateUSD 56 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Fiscal 2016 termination benefits rose $55.7M, primarily from special benefits tied to voluntary separation of about 300 employees; company indicated further separation-related charges may follow.
2016-09-30voluntary_separationcompleted300GlobalUSD 56 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Special benefits related to the voluntary separation of approximately 300 employees, contributing to a $55.7 million increase in termination benefits.
2016-06-30voluntary_separationin_progress300GlobalUSD 56 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special benefits tied to the voluntary separation of approximately 300 employees; $55.7M is the year-to-date increase in termination benefits, not a total program charge. Filer indicates further termination benefit expenses may follow as business reviews continue.
2016-06-30voluntary_separationin_progress300GlobalUSD 56 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special benefits related to the voluntary separation of approximately 300 employees during the nine months ended June 30, 2016.
2016-06-30voluntary_separationin_progress300GlobalUSD 56 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special benefits related to the voluntary separation of approximately 300 employees. Increase in termination benefits primarily due to these special benefits.
2016-03-31voluntary_separationin_progress300GlobalNot specifiedMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special benefits tied to voluntary separation of approximately 300 employees; termination benefits of $40.6M (Q2) and $53.4M (6M) recognized, with about $6M more expected over the remainder of FY2016. Filer notes it may incur additional termination benefit expenses during the year.
2016-03-31voluntary_separationin_progress300GlobalUSD 41 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Termination benefits include special benefits related to the voluntary separation of approximately 300 employees for the three months ended March 31, 2016.
2016-03-31voluntary_separationin_progress300GlobalUSD 41 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Special benefits related to voluntary separation of approximately 300 employees. Additional expenses of approximately $6 million expected over remainder of fiscal year.
2015-12-31voluntary_separationin_progress3002016-09-30GlobalNot specifiedUSD 9 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Special termination benefits of $9.4 million recognized in the quarter for voluntary separation of approximately 300 employees; company expects to recognize approximately $36 million of additional expenses over the remainder of fiscal year 2016 (ending September 30, 2016). Announcement date not disclosed.
2015-12-31restructuringannouncedGlobalCorporateMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Company states it expects further termination benefit expenses during the year as it assesses and implements corporate cost reduction initiatives; no headcount or charge amount quantified.
2015-12-31voluntary_separationin_progress3002015-12-31GlobalCorporateUSD 9 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Special termination benefits of $9.4 million relate to voluntary separation of approximately 300 employees. Company expects to recognize additional expenses of approximately $36 million over the remainder of the fiscal year.
2015-12-31voluntary_separationin_progress3002015-12-31GlobalUSD 9 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Voluntary separation of approximately 300 employees; $9.4M special termination benefits recognized, with ~$36M additional expected over remainder of fiscal year.
2014-09-30divestiture_reductioncompletedUnited StatesPrivate banking / banking businessMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		During fiscal 2014 the Company terminated its private banking business, sold substantially all loans receivable, closed all outstanding client deposit accounts, ceased accepting deposits and originating loans, and deregistered as a bank holding company. No employee counts or severance charges disclosed.
2013-09-30acquisition_additioncompleted2012-11-012012-11-01GlobalInvestment management (fund of hedge funds solutions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquired approximately 69% of K2's equity for $182.9 million cash; acquired headcount not disclosed. K2 had $8.7 billion AUM at acquisition date
2013-06-30acquisition_additioncompleted2012-11-01Fund of hedge funds solutions (K2 Advisors)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition of approximately 69% of K2 completed November 1, 2012 for $182.9 million cash; no employee headcount for the acquired business is disclosed in this filing. Occurred in Q1 of fiscal 2013, disclosed here for reference.
2013-03-31acquisition_additioncompleted2012-11-01Investment management (fund of hedge funds solutions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition of approximately 69% of K2 Advisors Holdings LLC closed November 1, 2012 for $182.9 million cash; no employee headcount for the acquired business is disclosed in this filing
2012-12-31acquisition_additioncompleted2012-11-01Fund of hedge funds solutions (K2 Advisors)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquired ~69% of K2 Advisors Holdings LLC for $182.9M cash; no employee count disclosed for the acquired workforce.
2012-09-30acquisition_additioncompleted2012-11-012012-11-01GlobalInvestment management and related servicesUSD 183 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquired approximately 69% interest in K2 Advisors Holdings LLC, a fund of hedge funds solutions provider with about $9.0 billion AUM at September 30, 2012; remaining interest to be acquired over a multi-year period beginning fiscal 2017. Headcount not disclosed.
2012-09-30divestiture_reductioncompleted2012-09-30United StatesBanking/finance (retail banking and consumer lending)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Retail banking and consumer lending services significantly reduced during fiscal 2012; related loan portfolios sold and banking/finance eliminated as a secondary operating segment effective July 1, 2012. Affected headcount not disclosed.
2012-09-30othercompleted2012-09-30GlobalVariousUSD 10 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Severance benefits increased $9.5 million in fiscal 2012 tied to various employee terminations; number of employees affected not disclosed.
2011-09-30acquisition_additioncompleted2011-01-182011-01-18United KingdomInvestment management and related servicesUSD 73 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Rensburg Fund Management Limited; headcount added not disclosed. Purchase consideration reported.
2011-09-30acquisition_additioncompleted2011-07-062011-07-06AustraliaInvestment management and related servicesUSD 65 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Balanced Equity Management Pty. Limited; headcount added not disclosed. Total purchase consideration reported.
2011-06-30acquisition_additioncompleted2011-01-182011-01-18United KingdomInvestment management and related servicesUSD 72 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Rensburg Fund Management Limited for $72.4 million cash; approximately $1.5 billion AUM acquired; no employee headcount disclosed
2011-06-30acquisition_additionannounced2011-07-062011-07-06AustraliaInvestment management and related servicesUSD 64 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Post-quarter acquisition of Balanced Equity Management Pty. Limited for $64.1 million in cash and stock; approximately $10.9 billion AUM; no employee headcount disclosed
2011-03-31acquisition_additioncompleted2011-01-18United KingdomInvestment management and related servicesUSD 72 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Rensburg Fund Management Limited for $72.4 million cash; approximately $1.5 billion AUM acquired. No employee count disclosed for the acquired entity.
2010-09-30restructuringcompleted10%GlobalUSD 38 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Severance costs of $38.4 million recognized in fiscal year 2009 related to reductions to global workforce of approximately 10%. This action reduced headcount from ~8,809 in FY2008 to ~7,745 in FY2009.
2009-12-31restructuringin_progress2%2008-10GlobalGlobal workforceMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Program announced in October 2008 (prior to this quarter) and still generating severance expense in the current quarter; MD&A cites an $11.2 million decrease in severance costs tied to this 2% global workforce reduction. No affected-employee count or charge amount disclosed in this filing.
2009-09-30reduction_in_forcecompleted10%GlobalUSD 38 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML		Global workforce reductions of approximately 10% announced during the first half of fiscal year 2009 (no specific announcement date disclosed); $38.4 million of severance costs recognized in fiscal 2009. Year-end headcount of 7,745 versus approximately 8,800 at September 30, 2008 is consistent with the reduction, supporting 'completed' status. Filer also deferred hiring and non-business-critical initiatives as part of cost-containment response.
2009-09-30restructuringin_progress10%GlobalCompany-wideUSD 38 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Reductions to global workforce of approximately 10% announced during the first half of fiscal year 2009; severance costs of $38.4 million recorded for the fiscal year. Company stated it continued to assess further cost reduction measures. Exact announcement date and completion timeline not disclosed.
2009-09-30restructuringcompleted10%2009-03-31GlobalUSD 38 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Announced reductions to global workforce of approximately 10% during the first half of fiscal year 2009. Severance costs amounted to $38.4 million. Exact headcount not disclosed.
2009-06-30restructuringin_progress10%GlobalCompany-wideUSD 37 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Approximately 10% reduction to global workforce announced during the first half of fiscal 2009; severance of $0.1M in Q3 and $36.8M YTD through June 30, 2009. Exact announcement date and affected headcount not disclosed in this filing.
2009-06-30restructuringin_progress10%2009-01-01GlobalUSD 37 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Announced reductions to global workforce of approximately 10%. Severance costs of $36.8 million for the nine months ended June 30, 2009.
2009-06-30restructuringin_progress10%2009-03-31GlobalUSD 37 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Reductions to global workforce of approximately 10% announced during the first half of the current fiscal year. Severance costs of $36.8 million recognized for the nine months ended June 30, 2009.
2009-03-31restructuringin_progress4%2009-01GlobalMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Part of a fiscal 2009 program totaling approximately 10% of the global workforce (2% announced October 2008, 4% January 2009, 4% March 2009). Severance of $25.5 million for the three months ended March 31, 2009 and $36.7 million for the six months relates to the combined announcements and is not allocable between them. Company expects a further reduction of approximately 300 employees from these announcements.
2009-03-31restructuringin_progress4%2009-03GlobalMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Second of two 4% announcements during the quarter; combined with January announcement equals approximately 8% of workforce announced in the three months ended March 31, 2009. Severance of $25.5 million for the quarter covers both announcements and is not allocable between them. No completion date disclosed.
2009-03-31restructuringin_progress8%2009-03-31GlobalAll segmentsUSD 26 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Announcements totaling approximately 8% occurred during the three months ended March 31, 2009. Severance costs related to announced reductions amounted to $25.5 million for the quarter and $36.7 million for the six months ended March 31, 2009.
2009-03-31restructuringin_progress8%2009-03-31GlobalUSD 26 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Approximately 8% reduction announced during the three months ended March 31, 2009. Severance costs of $25.5 million for the quarter.
2009-03-31restructuringin_progress2%2008-12-31GlobalUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Approximately 2% reduction announced during the three months ended December 31, 2008. Derived severance cost for the quarter ($36.7M YTD - $25.5M Q2).
2008-12-31restructuringin_progress2%2008-10GlobalGlobal workforceUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Severance costs of $11.2 million recognized in the quarter; company also suspended annual merit salary increases for the period
2008-12-31restructuringannounced4%2009-01GlobalGlobal workforceUSD 13 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Subsequent-event announcement after the December 31, 2008 quarter close; related severance of approximately $13.0 million expected to be recognized in the second fiscal quarter
2008-12-31restructuringcompleted2%2008-10-01GlobalUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Announced in October 2008. Associated with $11.2 million of severance costs recognized in the quarter.
2008-12-31restructuringannounced4%2009-01-01GlobalUSD 13 (millions)subsequent_events
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Announced in January 2009 (subsequent event). Expected to recognize related severance costs of approximately $13.0 million during the second quarter.
2008-12-31restructuringcompleted2%2008-10-01GlobalUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0		Reduction in global workforce of approximately 2% announced in October 2008, resulting in $11.2 million of severance costs.
2008-12-31restructuringannounced4%2009-01-01GlobalUSD 13 (millions)subsequent_events
f5-10q / Qwen3.6-27B-Q8_0		Further reduction in global workforce of approximately 4% announced in January 2009, with expected severance costs of approximately $13.0 million.
2007-09-30divestiture_reductioncompleted2006-10-012006-10-01Not specifiedInvestment management and related servicesMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Divestiture of assets under management of a former subsidiary at October 1, 2006; no headcount impact disclosed
2007-09-30acquisition_additioncompleted2007-04-032007-04-03IndiaInvestment management and related servicesUSD 90 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquired remaining 25% interests in Indian joint ventures (Franklin Templeton Asset Management (India) and Franklin Templeton Trustee Services) for approximately $89.7 million cash; no headcount added disclosed
2007-09-30divestiture_reductioncompleted2007-04-012007-04-30United StatesBanking/Finance (life insurance)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Sold wholly-owned life insurance subsidiary for approximately $14.5 million cash with a pre-tax gain of about $3.0 million; no headcount impact disclosed
2007-09-30acquisition_additioncompleted2007-08-222007-08-22Isle of ManInvestment management and related servicesUSD 3 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquired 51% ownership interest in Riva Financial Systems Limited for approximately $3.2 million; no headcount added disclosed
2006-09-30acquisition_additioncompleted2006-072006-07BrazilInvestment management and related servicesItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Completed purchase of remaining interests in Bradesco Templeton Asset Management Ltda. (renamed Franklin Templeton Investimentos (Brasil) Ltda.); added approximately $0.2 billion AUM. No employee count disclosed.
2006-09-30acquisition_additionannounced2006-11IndiaInvestment management and related servicesMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Post-fiscal-year-end announcement (November 2006) of agreement in principle to acquire the 25% stake in Franklin Templeton Asset Management (India) Private Limited held by Hathway Investments, subject to regulatory approvals. No employee count disclosed.
2005-09-30acquisition_additioncompleted2005-01-012005-01-01Central and Eastern EuropeInvestment Management and Related ServicesMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition of the general partner of the Dresdner Kleinwort Benson Emerging Europe Fund, L.P. (private equity fund) added $0.1 billion of AUM as of the acquisition date; no headcount added was disclosed.
2004-09-30acquisition_additioncompleted2003-10-012003-10-01United States (Washington, D.C.)Investment managementbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML		Acquired remaining 87.3% interest in Darby Overseas on October 1, 2003 for $75.9 million cash; no employee headcount figure disclosed. MD&A notes added compensation and benefit costs from the acquisition.
2004-09-30acquisition_additioncompleted2003-08-012003-10-01United States (Washington, D.C.)Investment ManagementUSD 76 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Darby Overseas Investments, Ltd. and Darby Overseas Partners, L.P. completed October 1, 2003; headcount added not disclosed.
2004-03-31acquisition_additioncompleted2003-10-012003-10-01GlobalInvestment managementUSD 76 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition of remaining 87.3% of Darby Overseas for ~$75.9M cash; headcount added not disclosed (only ~$0.9B AUM disclosed). Acquisition closed in fiscal Q1, outside this quarter's reporting period.
2003-12-31acquisition_additioncompleted2003-10-012003-10-01Global (Darby Overseas Investments, Ltd. and Darby Overseas Partners, L.P.)Investment managementbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquired remaining interest in Darby for about $75.9 million cash; added roughly $0.9 billion AUM. No employee headcount added disclosed; MD&A notes additional compensation and benefit costs from the Darby acquisition.
2003-12-31othercompleted12003-12-31United StatesInvestment ManagementMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		One officer placed on administrative leave and subsequently resigned due to unauthorized communication regarding hedge fund terms.
2003-12-31othercompleted22003-12-31United StatesInvestment ManagementMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		One trader and one officer placed on administrative leave; officer resigned, due to instances of frequent trading in personal 401(k) accounts.
2003-12-31othercompleted12003-12-312003-12-31Investment ManagementMD&A
f5-10q / Qwen3.6-27B-Q8_0		One officer of a subsidiary placed on administrative leave and subsequently resigned due to unauthorized hedge fund terms.
2003-12-31othercompleted12003-12-312003-12-31Investment ManagementMD&A
f5-10q / Qwen3.6-27B-Q8_0		One officer of the Funds placed on administrative leave and resigned following identification of frequent trading in personal 401(k).
2003-09-30acquisition_additioncompleted2003-08-012003-10-01Washington, D.C., United StatesInvestment ManagementUSD 76 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Darby Overseas Investments, Ltd. and Darby Overseas Partners, L.P. for $75.9 million; completed October 1, 2003 (subsequent to fiscal year-end). Darby had approximately $0.9 billion AUM. Headcount not disclosed.
2003-09-30acquisition_additioncompleted2003-10-012003-10-01United StatesInvestment ManagementItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0		Acquired Darby Overseas Investments, Ltd. and Darby Overseas Partners, L.P. in October 2003. Specific headcount added not disclosed.
2003-09-30acquisition_additioncompleted2002-07-262002-07-26IndiaInvestment ManagementItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0		Acquired Pioneer ITI AMC Limited in July 2002. Specific headcount added not disclosed.
2003-06-30acquisition_additioncompleted1802002-07IndiaInvestment managementMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Referenced in this filing as context for compensation expense; acquisition closed in July 2002, prior to the current reporting period
2003-06-30acquisition_additionannounced2003-08-01Investment managementUSD 76 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Headcount added not disclosed; Darby managed about $700 million in private equity and mezzanine funds and sub-advised about $300 million as of June 30, 2003
2003-03-31acquisition_additioncompleted1802002-07-01MD&A
f5-10q / Qwen3.6-27B-Q8_0		Filer states: 'Our acquisition of Pioneer, in July 2002, added approximately 180 employees.'
2002-12-31acquisition_additioncompleted180MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Our acquisition of Pioneer in July 2002 added approximately 180 employees.
2002-12-31acquisition_additioncompleted1802002-07-01MD&A
f5-10q / Qwen3.6-27B-Q8_0		Acquisition of Pioneer ITI AMC Limited in July 2002 added approximately 180 employees.
2002-09-30acquisition_additioncompleted1802002-07-262002-07-26IndiaInvestment ManagementMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Pioneer ITI AMC Limited acquisition added approximately 180 employees; acquisition closed July 26, 2002.
2002-09-30othercompleted2001-12-012002-07-31GlobalAllMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Temporary salary reductions of 5% or 10% implemented in quarter ended December 2001; 5% reinstated May 2002, 10% reinstated July 2002. Not a headcount reduction.
2002-09-30acquisition_additioncompleted1802002-07-262002-07-26IndiaInvestment ManagementItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0		Acquisition of Pioneer ITI AMC Limited added approximately 180 employees.
2002-09-30acquisition_additioncompleted7902001-04-102001-04-10United StatesInvestment ManagementMD&A
f5-10k / Qwen3.6-27B-Q8_0		Addition of approximately 790 Fiduciary employees from date of acquisition in fiscal 2001.
2001-12-31othercompleted872001-09-11New YorkFiduciary Trust Company InternationalRisk Factors
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Loss of 87 employees due to destruction of Fiduciary headquarters in World Trade Center attacks.
2001-12-31othercompleted872001-09-11New YorkFiduciary Trust Company InternationalMD&A - Risk Factors
f5-10q / Qwen3.6-27B-Q8_0		Loss of 87 employees due to destruction of Fiduciary headquarters.
2001-09-30acquisition_additioncompleted7902001-04-102001-04-10United StatesInvestment management / bankingMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Approximately 790 Fiduciary employees added from date of acquisition; compensation and benefits increased 15% partly due to this addition.
2001-09-30othercompleted872001-09-112001-09-11United StatesFiduciary Trust Company InternationalUSD 85 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML		87 employees lost in World Trade Center attack; $85M retention pool payments accelerated to families of qualifying employees. Net September 11 expense of $7.6M after $42.5M insurance proceeds.
2001-09-30acquisition_additioncompleted7902001-04-10GlobalInvestment Management / FiduciaryMD&A
f5-10k / Qwen3.6-27B-Q8_0		Addition of approximately 790 Fiduciary employees from date of acquisition.
2001-09-30acquisition_additioncompleted2000-10-02CanadaInvestment Management / BissettItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0		Acquisition of Bissett & Associates Investment Management, Ltd. Headcount not explicitly quantified in filing.
2001-06-30acquisition_additioncompleted7902001-04-10United StatesInvestment managementMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Headcount added through the Fiduciary Trust Company International acquisition; cited as a driver of the 26% quarterly increase in compensation and benefits expense.
2001-06-30acquisition_additioncompleted7902001-04-10MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Addition of 790 Fiduciary employees following acquisition of Fiduciary Trust Company International on April 10, 2001.
2001-06-30acquisition_additioncompleted7902001-04-102001-04-10MD&A
f5-10q / Qwen3.6-27B-Q8_0		Addition of 790 Fiduciary employees following acquisition of Fiduciary Trust Company International.
2001-03-31acquisition_additioncompleted2001-04-102001-04-10United StatesInvestment managementsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Fiduciary Trust Company International completed after quarter end; headcount added not disclosed; ~20,187,000 shares issued, ~$775 million valuation; purchase-method accounting, final valuation in progress
2001-03-31otherin_progress1492001-02-282001-03-01United StatesInformation technology / data center and distributed server operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML		149 Franklin Templeton Technology employees transferred to IBM Global Services under a 10-year managed operations agreement valued at approximately $480 million; agreement effective February 6, 2001 with services commencing March 1, 2001
2001-03-31acquisition_additionannounced2001-04-10subsequent_events
f5-10q / Qwen3.6-27B-Q8_0		Acquisition of Fiduciary Trust Company International completed April 10, 2001. Headcount not disclosed.
2001-03-31acquisition_additioncompleted1492001-02-28Technologyother
f5-10q / Qwen3.6-27B-Q8_0		Transfer of 149 Franklin Templeton Technology employees to IBM Global Services under managed operations agreement.
2000-12-31acquisition_additioncompleted2000-10-022000-10-02CanadaInvestment managementUSD 95 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Headcount added through the acquisition is not disclosed; approximately $3.7 billion of assets under management were consolidated from the date of closing
2000-09-30acquisition_additioncompleted2000-07-252000-07-25South KoreaInvestment ManagementUSD 20 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Purchased remaining shares of Korean asset management company; purchase price approximately $20.3 million. No headcount disclosed.
2000-09-30acquisition_additioncompleted2000-08-012000-08-01South AfricaInvestment ManagementUSD 27 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Formed 50/50 JV Franklin Templeton NIB Asset Management with Nedcor; contributed approximately $27 million. No headcount disclosed.
2000-09-30acquisition_additionannounced2000-10-022000-10-03CanadaInvestment ManagementUSD 95 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquired Bissett & Associates Investment Management Ltd. for approximately US$95 million. Post-fiscal-year event. No headcount disclosed.
2000-09-30acquisition_additionannounced2000-10-252001-06-30United StatesInvestment ManagementUSD 825 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Agreement to acquire Fiduciary Trust Company International in all-stock transaction valued at approximately $825 million, plus $85 million retention pool. Expected to close Q2 FY2001. No headcount disclosed.
2000-09-30restructuringcompleted1999-01-012000-09-30GlobalAll segmentsUSD 58 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Plan announced in Q1 FY1999. All charges utilized by FY2000 end. Headcount reduced from approx 6,700 to 6,500.
2000-06-30restructuringcompleted1998-12-012000-06-30USD 58 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Plan adopted December 1998 to reduce costs and reprioritize activities; all of the $58.4M estimated charge utilized by June 30, 2000. No employee-affected count disclosed. No incremental charges expected.
2000-06-30restructuringcompleted1999-01-012000-06-30USD 58 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Plan adopted Dec 1998; all estimated charges utilized by June 30, 2000.
2000-06-30restructuringcompleted1998-12-012000-06-30USD 58 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0		Plan adopted in Dec 1998 to reduce costs and improve service levels. All estimated charges utilized at June 30, 2000.
2000-03-31restructuringcompleted1998-12USD 58 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Plan adopted December 1998 to reduce costs and reprioritize activities; substantially all of the $58.4M estimated charge utilized at March 31, 2000. No employee counts disclosed; no incremental charges expected in fiscal 2000.
2000-03-31restructuringcompleted1998-12-012000-03-31USD 58 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML		Plan adopted in Dec 1998 estimated to cost $58.4 million. Substantially all charges utilized by March 31, 2000. No employee count disclosed.
2000-03-31restructuringcompleted1998-12-012000-03-31USD 58 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0		Plan adopted in Dec 1998 to reduce costs and improve service. Substantially all estimated charges utilized by March 31, 2000. Employee count not disclosed.
1999-12-31restructuringin_progress5601998-122000-03-31Domestic transfer agencyUSD 58 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Plan adopted December 1998, total estimated cost ~$58M; 87% utilized at 1999-12-31, remaining $7.7M expected in Q2 FY2000. MD&A discloses 560 positions eliminated (announced January 1999, tied to transfer agency system conversion) plus roughly 1,200 further headcount reduction from attrition; footnote gives no total affected-employee count. No restructuring charge recognized in the current quarter.
1999-12-31restructuringin_progress1999-01-012000-06-30USD 58 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0		Plan adopted Dec 1998, announced Jan 1999. Total estimated cost $58.4 million. 87% utilized by Dec 31, 1999. Remaining $7.7 million expected to be utilized in Q2 FY2000. MD&A notes 560 positions eliminated and 1,200 headcount decrease due to attrition.
1999-09-30restructuringin_progress5601999-01-012000-09-30Primarily United StatesShareholder servicing / transfer agency operationsUSD 58 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Plan adopted Dec 1998, announced Jan 1999; 560 positions (7% of workforce at Dec 31, 1998) eliminated via attrition and turnover. Total pretax charge $58.4M ($0.17/diluted share after tax); ~85% utilized in FY1999, remaining $8.8M expected in FY2000. Includes $12.3M severance, $31.9M asset write-downs, $14.2M lease terminations.
1999-09-30othercompleted1,4001999-09-30WorldwideAll functionsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Through employee attrition and turnover, headcount decreased a further 1,400 by Sep 30, 1999 from the prior year; not part of the formal restructuring plan charge
1999-09-30restructuringcompleted5607%1999-01-011999-09-30WorldwideShareholder servicing / Transfer agencyUSD 58 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0		Announced in January 1999. Elimination of 560 positions (7% of workforce at Dec 31, 1998) primarily due to efficiencies from conversion to one domestic transfer agency system. Total pretax restructuring charges of $58.4 million recognized in fiscal 1999.
1999-06-30restructuringin_progress5607%1999-01-141999-06-30GlobalCompany-wide; severance tied to conversion to a single shareholder servicing systemUSD 58 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Positions equal 7% of workforce at 1998-12-31; employees notified 1999-01-14 and substantially all had left by 1999-06-30. Total plan charge $58.4M includes $31.9M asset write-downs for discontinued products; severance component was $12.3M. $41.7M of charges utilized as of 1999-06-30, with $16.7M remaining in other current liabilities.
1999-06-30restructuringin_progress5607%1998-12-311999-09-30GlobalShareholder servicingUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0		Plan adopted Q1 FY99. 560 positions eliminated (7% of workforce at Dec 31, 1998). Severance charge of $12.3M recorded in Q2 FY99. Substantially all affected employees had left by June 30, 1999. Total estimated charges $58.4M.
1999-03-31restructuringin_progress5607%1999-01-141999-06-30United StatesShareholder servicing / corporateUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Severance and termination benefits for eliminating ~560 positions (7% of workforce at 1998-12-31), enabled by conversion to a single shareholder servicing system. Announced in Q1 FY1999; charge recognized in Q2 when employees were notified (1999-01-14). Majority had left by 1999-03-31; some remaining through June 1999. Part of a broader ~$58.4M restructuring plan (total program charge, not all severance).
1999-03-31restructuringin_progress1998-12-311999-09-30GlobalDiscontinued products (offshore and domestic retail investment products)USD 32 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Asset write-downs for termination of investment management agreements on discontinued products; largest single write-down $13.7M of intangibles for an offshore non-retail product. No employee count disclosed for this component. ~80% of total estimated charges expected to be utilized in FY1999.
1999-03-31restructuringin_progress5607%1999-01-14United StatesShareholder servicingUSD 12 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0		Charge recognized in Q2 1999 for severance related to conversion to one shareholder servicing system. 560 positions eliminated, representing 7% of workforce at Dec 31, 1998. Majority of affected employees had left by March 31, 1999.
1998-12-31restructuringin_progress5601998-10-01Primarily United StatesOperations — shareholder record-keeping following conversion to a single U.S. shareholder record-keeping systemUSD 46 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Total estimated restructuring charge of $58 million; $46.1 million recorded in Q1 FY1999 (asset write-downs $31.9M, lease terminations $5.8M, other $8.4M), of which about $10.8 million expected to be paid in cash. Elimination of approximately 560 positions, principally in the United States. Announcement date reflects the first fiscal quarter of 1999; exact announcement day not stated.
1998-12-31restructuringannounced1998-10-011999-03-31Not specifiedEmployee severance and termination benefitsUSD 12 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Additional pretax restructuring charge expected in the second quarter of fiscal 1999 for employee severance and termination benefits related to the ~560 position eliminations; employee count for this tranche not separately disclosed.
1998-12-31restructuringin_progress5601998-10-01United StatesUSD 46 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0		Eliminating approximately 560 positions principally in the United States. Total pretax charge of $46.1 million recorded in Q1. Additional $12.3 million pretax charge for severance expected in Q2.
1997-09-30acquisition_additioncompleted1996-06-251996-11-01United StatesInvestment management — Mutual Series fundsUSD 616 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML		Acquisition of Heine Securities Corporation, investment manager to Mutual Series, completed November 1, 1996; merger agreement dated June 25, 1996. Aggregate transaction value approximately $616 million ($551 million cash plus 1.1 million pre-dividend shares of common stock). Number of employees added not disclosed; MD&A attributes part of the 30% fiscal-1997 increase in full-time employees to the Acquisition. The $616 million figure is acquisition consideration, not a severance or restructuring charge.
1997-09-30acquisition_additioncompleted1996-06-251996-11-01United StatesInvestment Managementbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Acquisition of Heine Securities Corporation (Mutual Series) completed 1996-11-01 for aggregate value of approximately $616 million. Headcount added not disclosed. MD&A notes full-time employees increased 30% in fiscal 1997 partly as a result of the Acquisition.
1997-06-30acquisition_additioncompletedUnited StatesInvestment management (Mutual Series funds)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Assets and liabilities of Heine Securities Corporation acquired 1996-11-01; no employee count disclosed. MD&A notes a 21% increase in employee numbers overall, attributed partly to the acquisition, but gives no absolute figure.
1996-12-31acquisition_additioncompleted1996-10-311996-11-01United StatesInvestment management (Mutual Series funds)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Heine Securities Corporation assets and liabilities acquired effective 1996-11-01; aggregate value approximately $616 million. No employee count disclosed; MD&A notes only additional employee related costs from the acquisition
1996-09-30acquisition_additioncompleted1996-06-251996-11-01United StatesInvestment managementUSD 615 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML		Aggregate transaction value approximately $615 million ($550M cash plus 1.1M shares); closed 1996-11-01, after fiscal year-end. Heine became adviser to Mutual Series Fund Inc. No employee count for the acquired workforce is disclosed. Purchase price also described in Item 1 as $400M cash, 1.1M shares and $150M escrow, plus contingent payments of $96.25M-$192.5M.
1996-06-30acquisition_additionannounced1996-06-25United StatesInvestment management (Mutual Series Fund / Heine Securities)USD 610 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML		Aggregate transaction value approximately $610 million ($550 million cash plus 1.1 million restricted shares); pending Mutual shareholder approval scheduled for 1996-10-25. No employee count disclosed for Heine Securities (approximately $17 billion under management at 1996-06-30).