Franklin Resources (BEN) CEO Greg Johnson

Franklin Resources (BEN) CEO Greg Johnson on fee compression in the asset management industry 

“In any business where margins are under pressure, there will be consolidation as a way of making efficiencies, and that is being accelerated by the secular shift to passive investments”

 

 

 

Source: Financial Times Article titled “Franklin CEO says Asset Management industry to consolidate”

June 6th, 2016