Franklin Templeton Completes Acquisition of O’Shaughnessy Asset Management, a Leading Custom Indexing Provider Through Its Canvas® Platform

By: Franklin Resources, Inc. via Business Wire

January 04, 2022 at 09:00 AM EST

Acquisition Reinforces Franklin Templeton’s Position as a Top Separately Managed Accounts Provider and Enhances Its Tax Management, Factor-Based and ESG Customization Capabilities

Franklin Resources, Inc. [NYSE: BEN], a global investment management organization operating as Franklin Templeton, today announced that it has completed its previously announced acquisition of O’Shaughnessy Asset Management, LLC (“OSAM”), a leading quantitative asset management firm.

Through this acquisition, Franklin Templeton adds to its offerings in the high-growth separately managed account (SMA) industry, in which it is already one of the leading providers with approximately $130 billion in SMA assets under management as of November 30, 2021. OSAM’s capabilities, both as a factor-based investment manager and as a Custom Indexing solution via its flagship Canvas® platform, will serve as an important expansion and enhancement of Franklin Templeton’s existing strengths in SMA and custom solutions capabilities. Launched in late 2019, the Canvas platform has seen strong growth since its inception, doubling its assets in the past year to over $2 billion of OSAM’s total $6.5 billion in assets under management as of November 30, 2021.

“We are very excited to welcome Jim and Patrick O’Shaughnessy and the OSAM team to Franklin Templeton,” said Roger Paradiso, Head of Franklin Templeton Product Solutions. “Custom Indexing is aligned with our commitment to bringing sophisticated customization to a broader investment audience. This partnership enhances our ability to deliver compelling individualized SMA solutions to clients, advisors and firms.”

OSAM’s Canvas platform allows financial advisors to build and manage Custom Indexes in SMAs that are individually tailored to a client’s specific needs, preferences, and objectives. Canvas also provides the opportunity for advisors to efficiently plan, set tax budgets, identify realized and unrealized gains and losses, and systematically sell certain positions to create offsets.

“This is an exciting new chapter for OSAM and the clients we serve,” said Patrick O’Shaughnessy, Chief Executive Officer of OSAM. “Our partnership with Franklin Templeton will be a catalyst for continued innovation, particularly within Custom Indexing, which we believe is an area of significant opportunity and growth.”

OSAM will retain its brand, and its more than 40 team members have joined Franklin Templeton, along with all of the intellectual property, investment management processes, and principal business assets necessary to evolve and grow the business within Franklin Templeton’s Product Solutions division.

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 165 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 brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and over $1.5 trillion in assets under management as of November 30, 2021. For more information, please visit franklinresources.com.

About OSAM

O’Shaughnessy Asset Management (OSAM), a wholly owned subsidiary of Franklin Templeton, is a quantitative asset management firm based in Stamford, CT. The firm delivers a broad range of equity portfolios to institutional investors, individual investors, and high-net-worth clients of financial advisors. OSAM also serves as the investment advisor for a U.S. mutual fund and as a subadvisor to a family of mutual funds in Canada. The firm’s team has managed client assets since 1996. For more information, please go to www.osam.com.

Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, words or phrases generally written in the future tense and/or preceded by words such as “will,” “may,” “could,” “expect,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “estimate,” “preliminary” or other similar words are forward-looking statements.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements.

For a detailed discussion of other risk factors, including important factors that may affect Franklin’s business future operating results please refer to the risks, uncertainties and factors described in Franklin’s recent filings with the U.S. Securities and Exchange Commission (“SEC”), including, without limitation, Franklin’s most recent Annual Report on Form 10-K and subsequent periodic and current reports.

Any forward-looking statement made in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Franklin undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

CFA^® and Chartered Financial Analyst^® are registered trademarks of CFA Institute.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220104005368/en/

Contacts

Franklin Resources, Inc.

Investor Relations: Selene Oh, (650) 312-4091, selene.oh@franklintempleton.com

Corporate Communications:

Lisa Gallegos, (650) 312-3395, lisa.gallegos@franklintempleton.com

Matt Walsh, (650) 312-2245, matthew.walsh@franklintempleton.com

franklinresources.com

O’Shaughnessy Asset Management

Corporate Communications:

Jonathan Mairs, (917) 517-7097, jmairs@axcommunications.com

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Franklin Templeton Completes Acquisition of O’Shaughnessy Asset Management, a Leading Custom Indexing Provider Through Its Canvas® Platform

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