Franklin Templeton extends SMA offerings to UBS platforms
Franklin Templeton is expanding its SMA offerings to UBS’s advisory network.
On Wednesday, the asset manager announced that it has introduced a new range of tax-managed SMA strategies on UBS Wealth Management’s single and dual contract SMA platforms.
This suite, encompassing both active and passive SMAs, allows UBS advisors to utilize Canvas, Franklin Templeton’s custom indexing solution, aimed at enhancing after-tax returns through personalized portfolios.
“Active strategies are built to generate excess return, but if the capital gains taxes they generate are not managed carefully, their after-tax returns can be significantly impacted,” Roger Paradiso, head of advisor portfolio and technology solutions at Franklin Templeton, said in a statement.
Paradiso highlighted the “promising development” from integrating the processes of direct and custom indexing with active management for the wealth industry, particularly when it comes to the wirehouse and broker-dealer segments.
The new offerings under the partnership leverage Canvas’ technological capabilities alongside Franklin Templeton’s global equity specialist manager, ClearBridge Investments.
The newly launched tax-managed strategies under the partnership, which enables advisors to offer customized portfolios with fully digital account implementation and management, include:
To complement the Canvas offerings, Franklin Templeton is also rolling out two strategies from its Franklin Managed Options Strategies (Franklin MOST) team at UBS:
As of March 31, 2024, Franklin Templeton managed over $137 billion in SMA assets.
On Wednesday, BlackRock also revealed plans to boost its growing custom models business, which includes direct indexing and fixed income SMAs, through a
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