Franklin Resources, Inc. BEN has reported the preliminary assets under management (AUM) balance of $1,572.1 billion for August 2021. This reflects a marginal increase of 0.95% from $1,557.3 billion recorded as of Jul 31, 2021.This month’s increase in AUM was primarily supported by the positive impacts of markets and approximately unchanged long-term net flows, excluding the $400-MILLION outflows from the previously announced non-management-fee-earning India credit funds, which are in the process of liquidation.Month-end equity assets of $548 billion rose 2.1% from the previous month. Total fixed-income assets were $661.1 billion, down marginally from July 2021. Franklin recorded $156.2 billion in multi-asset class, up 1.7% from the prior month.Alternative assets aggregated $143.7 billion, up 0.4% from the prior month’s $143.1 billion. Cash-management funds totaled $63.1 billion, up 0.6% sequentially.In the previous month, the company reported a total AUM of $1,557.3 billion for July. This reflects a marginal increase of 0.3% from $1,552.1 billion recorded as of Jun 30, 2021.Franklin seems well-poised for growth on the back of a robust foothold in the global market and acquisition moves. Going forward, growth in investment-management fees and strategic moves will likely support a rise in AUM. However, a stringent regulatory backdrop remains a near-term concern for the company.Shares of Franklin have gained 6.1% in the past six months, underperforming the 17.2% rally of the industry. Image Source: Zacks Investment Research Currently, the company 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 ManagersT. Rowe Price Group, Inc. TROW reported a preliminary AUM of $1.68 trillion as of Aug 31, 2021. This reflects a 2.4% increase from the prior month’s $1.64 trillion.Artisan Partners Asset Management Inc. APAM reported a preliminary AUM of $181.1 billion as of Aug 31, 2021. Artisan Funds and Artisan Global Funds aggregated for $88.6 billion of total firm AUM, while separate accounts and other AUM accounted for $92.5 billion.Lazard Ltd. LAZ recorded a 1.6% rise in preliminary AUM as of Aug 31, 2021, from the previous month. The total AUM balance aggregated $282.8 billion, marking an increase from the prior month’s $278.4 billion. Tech IPOs With Massive Profit Potential In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names. For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way… If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November. With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.See Zacks Hottest Tech IPOs Now >>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 T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report Lazard Ltd (LAZ): Free Stock Analysis Report Artisan Partners Asset Management Inc. (APAM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research