At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

Come join us in delivering better outcomes for our clients around the world!

Department Title: Undergrad Intern – Asset Allocation

Location: The intern candidate must be able to commute into the New York City office each week.

Position Summary: 

Our team is responsible for setting the asset allocation strategy, both strategic and tactical, for the high-net-worth specialist investment manager (SIM) of Franklin Templeton. Our team also provides updates on financial market conditions and economic data to front-office representatives and our clients.  

Consider joining us this summer if you are seeking and opportunity to

• Learn about financial markets and portfolio strategy.
• Learn something new every day
• Converse with investment leadership and the broader leadership of the firm - exposure and access likely not available at other large financial service firms.
• Collaborate with a small team, allowing your work to strongly contribute to the team’s performance and workflows.
• Attend outside events that are hosted by sell-side research providers – providing broader exposure to the financial service industry.

Team Culture:

We are a small team of three offering our summer intern a real opportunity to contribute to projects and deliverables of significant value to the team’s workflow and research process.

We collaborate with many teams within Fiduciary Trust (Equity Strategy, Fixed Income Strategy, Manager Research and Marketing).  Our team also collaborates with the broader Franklin organization, such as the Franklin Templeton Solutions Group, which we plan on more closely partnering with through 2025.

Given the fluidity of financial markets, the team is comprised of open-minded individuals.

An Asset Allocation Intern at Fiduciary Trust can expect to gain:

• A deeper understanding of financial markets, economic data and how these data points fit into a holistic multi-asset/asset allocation strategy.
• Proficiency across the Microsoft office suite – Word, PowerPoint and Excel 
• A better understanding of the financial service industry and the many aspects that go into being a first-class provider of high-net-worth services.

Key responsibilities may include:

The intern would be responsible for helping the team with many of our day-to-day tasks

• Following financial markets and economic data
• Help research/ prepare materials for Asset Allocation meetings, Macro & Asset Allocation Strategy meetings and any internal or external communication pieces
• Help initiate a monthly economic presentation utilizing Macrobond
  • This presentation will include many different economic data points from a number of key countries/regions that we monitor around the world, i.e., U.S., Continental Europe, UK, Japan, China and EM ex China
  • This would be distributed to front-office representatives
• Reformat our portfolio construction tool, to have both our Strategic and Tactical Asset Allocation models populate in one screen (vs. toggling between screens)
  • Ensure this data is properly filtering into FIDO
• Custom – we will seek to understand the intern’s key areas of interests and tailor a project for them in this area so they can showcase their interests/expertise

Ideal qualifications:

• Interest in or keen understanding of financial markets and economic data
• Finance and Economics majors preferred
• Computer Science/Programming majors or other Liberal Arts majors eligible
• Knowledge of Microsoft Office – Word, PowerPoint and Excel
• Coding experience preferred (Python)

Ready to make moves? Apply today!

When applying, please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.

Due to the large volume of applications anticipated, we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship, please apply for other internships that pique your interest.

Compensation Range: This is a full-time internship where students will work approximately 35 hours per week and earn competitive hourly pay of $31 USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. 

What makes Franklin Templeton unique?

We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture, and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com . In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.

Experience our welcoming culture and reach your professional and personal potential!

Salary : $31