Page 17 - Investment Advisor - November 2021

ETF ADVISOR

By Bernice Napach

Franklin Templeton Acquiring

O’Shaughnessy Asset Management

The deal, whose terms were not disclosed, should close by year end.
F ranklin Templeton is acquir- level of Franklin Templeton’s SMA assets

but also help offset some of the outflows
ing
O’Shaughnessy
Asset
Management, a leading provider
of separately managed accounts, with it has been experiencing. The asset man-
ager lost $14.2 billion in outflows over
$6.4 billion in assets under manage- the trailing 12 months through July 31,
ment, including $1.8 billion in its popu- 2021 — “one of the highest sums among
lar direct indexing Canvas platform. fund families,” according to Morningstar.
Terms were not disclosed, but it is O’Shaughnessy, too, will benefit from
expected to close by year end. the acquisition. “As part of Franklin
“Custom indexing is aligned with our Templeton, we’ll have the opportunity
commitment to bringing sophisticated of a major asset manager, in a statement. to accelerate client growth at Canvas
customization to a broader investment Franklin Templeton currently has $130 and continue to add to existing OSAM
audience,” said Jenny Johnson, presi- billion in SMA assets under management, offerings,” said Patrick O’Shaughnessy,
dent and CEO of Franklin Templeton a small fraction of its $1.5 trillion in assets. CEO of the eponymous firm, in a state-
and one of the few women at the helm The acquisition will not only boost the ment. “Custom Indexing represents the

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NOVEMBER 2021 INVESTMENT ADVISOR 15