Franklin Resources BEN has announced preliminary assets under management (AUM) by its subsidiaries of $1.42 trillion for September 2020. Results display a 1.6% decrease from the $1.44 trillion recorded as of Aug 31, 2020.Month-end total equity assets came in at $432 billion, down 3.5% from the previous month. Total fixed income assets were $656.7BILLION, marginally down from August 2020.Franklin recorded $133.8 billion in hybrid assets, down 2.5% from the $137.3 billion witnessed last month. Cash management funds came in at $72.4 billion, down from the prior-month figure of $73.9 billion.Though regulatory restrictions and a sluggish economic recovery might mar AUM growth and escalate costs, the company’s global footprint is an exceptionally favorable strategic point as its AUM is well diversified.Shares of the company have declined 10.3% in the past year against the 19.7% growth registered by the industry.Currently, Franklin carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Asset ManagersCohen & Steers, Inc. CNS reported preliminary AUM of $70.5 billion as of Sep 30, 2020, which decreased 2.2% from the prior-month level. Market depreciation of $1.2 billion, net outflows of $24 million and distributions outflow of $303 million resulted in this AUM decline.AllianceBernstein Holding L.P.’s AB preliminary month-end AUM balance as of Sep 30, 2020 edged down 1.9% sequentially to $631 billion. This was largely due to a weak market performance and higher net outflows.Lazard Ltd’s LAZ preliminary month-end AUM balance as of Sep 30, 2020 decreased 1.9% sequentially to $227.8 billion. This chiefly resulted from a fall in Equity AUM and Fixed Income AUM.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.See the pot stocks we're targeting >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franklin Resources, Inc. (BEN): Free Stock Analysis Report AllianceBernstein Holding L.P. (AB): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report Cohen Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research