Legg Mason and Franklin Resources reported preliminary assets under management (AUM) for August 2014 on Wednesday. In the reports, both company’s reported higher AUM from July.

Legg Mason (LM) reported AUM of $711 billion as of August 31, 2014. Included in the monthly AUM is fixed income inflows of $2.1 billion, equity inflows of $0.2 billion and liquidity inflows of $4.5 billion. AUM for the month also included a negative foreign exchange impact of about $0.6 billion.

Franklin Resources (BEN) reported AUM of $922.2 billion as of August 31, 2014, up from $907.9 billion in July 2014, and $817.3 billion in August 2013.

For investors concerned with the current assets under management held by the fund management companies, these monthly numbers can be very important.

Since these numbers are directly associated with a company’s growth, many mutual fund investors keep a close eye on AUM.