Franklin Templeton Opens Canvas to 3 Outside Managers for Tax-Managed SMA Strategies
Updated
Updated · Wealth Management · Jun 17
Franklin Templeton Opens Canvas to 3 Outside Managers for Tax-Managed SMA Strategies
3 articles · Updated · Wealth Management · Jun 17
Summary
Franklin Templeton launched its Preferred Partner Program, letting third-party asset managers offer tax-managed versions of their proprietary strategies through the Canvas platform.
3 firms — MFS Investment Management, Federated Hermes and T. Rowe Price — will start by offering select separately managed account strategies paired with Canvas’s systematic tax overlay.
Canvas combines traditional alpha with tax alpha at the individual account level, using tools such as tax-loss harvesting, tax-aware transitions, annual tax budgets and concentrated stock diversification.
The expansion pushes Canvas beyond Franklin Templeton products, aiming to help advisors deliver more personalized, after-tax-focused portfolios while broadening the platform’s strategy lineup.