Franklin Templeton Expands Its SMA Offering at Janney
What to know: Roger Paradiso, Franklin Templeton’s product head, said the development furthers the company’s position as a top SMA provider through differentiated tax management and customization capabilities.
With Canvas, advisors at Janney, a wealth management, capital markets and asset management firm and Penn Mutual Life Insurance Co. subsidiary, can strengthen client relationships by further personalizing investment management, Paradiso said in a statement announcing the partnership expansion Tuesday.
The strategies seek to deliver similar pretax returns as their tracked indexes while outperforming them on an after-tax basis, according to Franklin Templeton. The initial SMA product lineup comprises:
Franklin Templeton S&P 500 – Tax Managed
Franklin Templeton S&P 500 Growth – Tax Managed
Franklin Templeton S&P 500 Value – Tax Managed
Franklin Templeton Dow Jones US Select Dividend – Tax Managed
Franklin Templeton S&P 400 – Tax Managed
Franklin Templeton S&P 600 – Tax Managed
Franklin Templeton S&P 1500 – Tax Managed
Franklin Templeton S&P ADR – Tax Managed
After selecting a base index, advisors can shape portfolios according to client values using more than 50 values-based tilts and exclusions. Individual positions, sectors, industries and countries can be restricted to adjust for client risk profile, private-market exposure or additional values, the company said.
Looking deeper: Franklin Templeton President and CEO Jenny Johnson said last year that fee-based financial advisors are being asked to provide a range of services that extend well beyond handling client portfolios, including those previously limited to ultra-high-net-worth clients. Johnson expected the firm’s custom indexing platform to evolve to take active products like mutual funds and open them up for delivery in SMAs, helping free advisors to offer other client services.
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