Franklin Templeton is expanding its partnership with Janney Montgomery Scott LLC with a suite of eight tax-managed S&P-based index strategies offered through its custom indexing platform, Canvas.
The separately managed accounts (SMAs) will give Janney financial advisors access to the Canvas custom indexing software program, which Franklin Templeton's O'Shaughnessy Asset Management team developed.
The SMAs' launch at Janney over the summer marked the initial rollout of the strategies at a broker-dealer partner, but other firms can access them through the Canvas platform, a Franklin Templeton spokesperson told ThinkAdvisor on Wednesday.
Why it matters: Franklin Resources Inc., an investment manager with subsidiaries operating as Franklin Templeton, serves clients in over 155 countries and employs about 1,300 investment professionalss. The company reported more than $1.4 trillion in assets under management as of July 31. Franklin Templeton had about $116 billion in SMA assets under management as of June 30.
Janney has more than 900 financial advisors and over $130 billion in client assets under advisement, a firm spokesman confirmed.
