Franklin Templeton is now offering a suite of tax-managed, active and passive separately managed account strategies on UBS Wealth Management's single and dual contract SMA platforms.
The lineup will give UBS advisors access to Canvas, Franklin Templeton's custom indexing solution, which is designed to provide personalized portfolios that can potentially improve after-tax returns, the company announced Wednesday.
"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," said Roger Paradiso, who heads Franklin Templeton's advisor portfolio and technology solutions.
"Marrying the fundamentals of direct and custom indexing with active management and channeling distribution into the wirehouse and broker-dealer segment of the market is a promising development," he added.
The strategies combine Canvas' technology with Franklin Templeton's global equity specialist manager ClearBridge Investments' fundamental investing practices, enabling advisors to offer customized portfolios with fully digital account implementation and management.
The strategy lineup includes:
