Franklin Templeton Expands Partnership with Envestnet to Deliver Canvas Custom Indexing Platform
Franklin Templeton has expanded its partnership with Envestnet to deliver its Canvas Custom Indexing platform to Envestnet's extensive client base of advisors. Canvas, a web-based platform, enables advisors to create personalized and tax-managed portfolios for their clients. This integration is part of a previously announced strategic partnership between the firms.
The platform will be available to advisors across banks, wealth management firms, brokerages, and RIAs. It offers tax management capabilities and goes beyond traditional Direct Indexing, providing advisors with more investment solutions and tools to scale their businesses.
Franklin Templeton, a leading SMA provider with approximately $140 billion in SMA assets under management as of June 30, 2024, including $9 billion on the Canvas platform, views this partnership as a milestone in bringing high-net-worth capabilities to mass affluent investors.
Franklin Templeton ha espanso la sua partnership con Envestnet per offrire la sua Canvas Custom Indexing platform alla vasta clientela di consulenti di Envestnet. Canvas, una piattaforma web-based, permette ai consulenti di creare portafogli personalizzati e gestiti fiscalmente per i loro clienti. Questa integrazione è parte di una partnership strategica precedentemente annunciata tra le due aziende.
La piattaforma sarà disponibile per i consulenti di banche, società di gestione patrimoniale, broker e RIA. Offre capacità di gestione fiscale e va oltre il Direct Indexing tradizionale, fornendo ai consulenti più soluzioni di investimento e strumenti per far crescere le loro attività.
Franklin Templeton, un fornitore leader di SMA con circa $140 miliardi in asset SMA sotto gestione al 30 giugno 2024, compresi $9 miliardi sulla piattaforma Canvas, considera questa partnership come un traguardo nel portare capacità per investitori ad alto patrimonio netto nel segmento degli investitori mass affluent.
Franklin Templeton ha ampliado su colaboración con Envestnet para ofrecer su plataforma Canvas Custom Indexing a la extensa base de clientes de asesores de Envestnet. Canvas, una plataforma basada en la web, permite a los asesores crear carteras personalizadas y gestionadas fiscalmente para sus clientes. Esta integración es parte de una asociación estratégica previamente anunciada entre las firmas.
La plataforma estará disponible para asesores en bancos, firmas de gestión de patrimonios, corretajes y RIA. Ofrece capacidades de gestión fiscal y va más allá del Direct Indexing tradicional, brindando a los asesores más soluciones de inversión y herramientas para escalar sus negocios.
Franklin Templeton, un proveedor líder de SMA con aproximadamente $140 mil millones en activos SMA bajo gestión hasta el 30 de junio de 2024, incluyendo $9 mil millones en la plataforma Canvas, ve esta asociación como un hito en la entrega de capacidades para inversores de alto patrimonio a los inversores masivos.
프랭클린 템플턴은 엔베스트넷과의 파트너십을 확대했습니다, 엔베스트넷의 광범위한 고객 컨설턴트 기반에 캔버스 맞춤형 지수화 플랫폼을 제공하기 위해서입니다. 웹 기반 플랫폼인 캔버스는 컨설턴트들이 고객을 위한 개인화된 세금 관리 포트폴리오를 생성할 수 있게 해줍니다. 이 통합은 두 회사 간의 이전에 발표된 전략적 파트너십의 일환입니다.
이 플랫폼은 은행, 자산 관리 회사, 중개업체 및 RIA의 컨설턴트에게 제공될 예정입니다. 세금 관리 기능을 제공하며, 전통적인 직접 지수를 넘어, 컨설턴트들에게 더 많은 투자 솔루션과 비즈니스를 확장할 도구를 제공합니다.
프랭클린 템플턴은 2024년 6월 30일 기준으로 약 $1400억의 SMA 자산을 관리하며, 그 중 $90억이 캔버스 플랫폼에 있습니다. 이 파트너십을 고액 자산가들에게 대중적인 투자 능력을 제공하는 이정표로 보고 있습니다.
Franklin Templeton a élargi son partenariat avec Envestnet pour offrir sa plateforme Canvas Custom Indexing à la vaste clientèle de conseillers d'Envestnet. Canvas, une plateforme basée sur le web, permet aux conseillers de créer des portefeuilles personnalisés et fiscalement optimisés pour leurs clients. Cette intégration fait partie d'un partenariat stratégique précédemment annoncé entre les deux entreprises.
La plateforme sera disponible pour les conseillers dans les banques, les sociétés de gestion de patrimoine, les courtiers et les RIA. Elle offre des capacités de gestion fiscale et va au-delà de l'indexation directe traditionnelle, fournissant aux conseillers davantage de solutions d'investissement et d'outils pour développer leurs affaires.
Franklin Templeton, un fournisseur de SMA de premier plan avec environ $140 milliards d'actifs SMA sous gestion au 30 juin 2024, dont $9 milliards sur la plateforme Canvas, considère ce partenariat comme une étape importante pour offrir des capacités aux investisseurs à haut revenu dans le segment des investisseurs de masse.
Franklin Templeton hat seine Partnerschaft mit Envestnet erweitert, um seine Canvas Custom Indexing-Plattform der umfangreichen Kundenbasis von Beratern bei Envestnet anzubieten. Canvas, eine webbasierte Plattform, ermöglicht es Beratern, personalisierte und steuerlich optimierte Portfolios für ihre Kunden zu erstellen. Diese Integration ist Teil einer zuvor angekündigten strategischen Partnerschaft zwischen den Unternehmen.
Die Plattform wird Beratern in Banken, Vermögensverwaltungsunternehmen, Brokerhäusern und RIAs zur Verfügung stehen. Sie bietet Steuerverwaltungsfunktionen und geht über das traditionelle Direct Indexing hinaus und bietet den Beratern mehr Anlagelösungen und Tools, um ihr Geschäft auszubauen.
Franklin Templeton, ein führender SMA-Anbieter mit etwa $140 Milliarden in SMA-Vermögen, die zum 30. Juni 2024 verwaltet werden, einschließlich $9 Milliarden auf der Canvas-Plattform, sieht diese Partnerschaft als Meilenstein, um hochvermögenden Fähigkeiten auch für wohlhabende Massenanleger zugänglich zu machen.
- Expanded partnership with Envestnet to deliver Canvas Custom Indexing platform to a broader client base
- Canvas platform offers personalized, tax-managed portfolio creation capabilities
- Franklin Templeton has $140 billion in SMA assets under management, including $9 billion on Canvas
- Integration aims to bring high-net-worth investment capabilities to mass affluent investors
- None.
Insights
The expanded partnership between Franklin Templeton and Envestnet to deliver the Canvas Custom Indexing platform is a strategic move that could potentially boost Franklin Templeton's market position and revenue streams. Here's why this is significant:
- It expands Franklin Templeton's reach to Envestnet's extensive client base, which includes advisors across various financial institutions.
- The integration taps into the growing demand for personalized investment solutions, particularly in the mass affluent segment.
- With
$140 billion in SMA assets under management, including$9 billion on the Canvas platform, this partnership could drive substantial growth in Franklin Templeton's SMA business. - The phased introduction of Canvas, starting with passive equity models and expanding to more comprehensive offerings, suggests a long-term growth strategy.
While the immediate financial impact may be , the potential for increased AUM and fee revenue over time is significant. Investors should monitor adoption rates and AUM growth in future earnings reports to gauge the success of this partnership.
This partnership aligns with several key market trends that investors should note:
- Personalization at scale: The demand for customized investment solutions is growing, especially among mass affluent investors. Canvas addresses this by offering tax-managed, personalized strategies efficiently.
- Direct Indexing expansion: The direct indexing market is projected to grow significantly. Franklin Templeton's move positions them to capture a larger share of this expanding market.
- Technology-driven solutions: Canvas' web-based platform emphasizes the importance of digital tools in modern wealth management, potentially giving Franklin Templeton a competitive edge.
- ESG integration: The ability to align portfolios with personal values caters to the increasing interest in ESG investing.
This strategic partnership could enhance Franklin Templeton's competitive position in the evolving wealth management landscape, potentially leading to increased market share and revenue growth in the long term.
“This marks another milestone for Franklin Templeton, furthering our position as a top SMA provider,” said Roger Paradiso, Head of Product Solutions for Franklin Templeton. “The integration of Canvas on to the Envestnet platform is an exciting partnership that allows us to jointly bring more high-net-worth capabilities to the mass affluent investing community. Advisors using Envestnet will now have access to Canvas’ differentiated digital solutions and operational assurance to strengthen client relationships by further personalizing investment management.”
Canvas’ web-based platform empowers advisors to easily create personalized and diversified portfolios with a focus on tax management. Venturing beyond traditional Direct Indexing, Canvas is a holistic technology focused on giving advisors more investment solutions, increased control, and the tools and efficiency to scale their businesses. It’s an example of Franklin Templeton’s commitment to providing differentiated outcomes and real customization to the broader investment community.
“Investors are increasingly seeking customized solutions, and their advisors are looking to deliver on that expectation by providing personalization at scale across their business,” said Dana D’Auria, Co-CIO and Group President, Envestnet Solutions. “This partnership showcases Envestnet’s commitment to solving this need in the market by providing greater choice and access for Direct Indexing with a tool from a trusted provider. Direct Indexing empowers advisors to tailor a portfolio that better aligns with their client’s personal values, tax goals, and long-term objectives, and we’re providing the level of customization and choice that today’s market demands.”
Canvas will be introduced to the Envestnet platform in phases starting with passive equity models and advancing to a more holistic offering and experience with time.
Franklin Templeton is a leading provider in the fast-growing SMA industry, with approximately
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the
Franklin Templeton and Envestnet are separate and unaffiliated firms and are not responsible for each other’s services or policies. This release should not be construed as a recommendation or endorsement of any particular product, service or firm.
All investments involve risks, including the loss of principal.
IMPORTANT TAX INFORMATION:
Franklin Templeton, its affiliates, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
Envestnet and Franklin Templeton have entered into a partnership for certain program offerings. For more information regarding this relationship and the related conflicts, please see both Envestnet and Franklin Templeton’s Form ADV Part 2A.
Copyright © 2024 Franklin Templeton. All rights reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241002291204/en/
Franklin Templeton Corporate Communications:
Rebecca Radosevich, (212) 632-3207, rebecca.radosevich@franklintempleton.com
Source: Franklin Templeton
FAQ
What is the Canvas Custom Indexing platform offered by Franklin Templeton (BEN)?
How much in SMA assets does Franklin Templeton (BEN) manage as of June 30, 2024?
What is the purpose of Franklin Templeton's (BEN) expanded partnership with Envestnet?
Who will have access to Franklin Templeton's (BEN) Canvas platform through the Envestnet partnership?
