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Franklin Templeton Closes Acquisition of Custom Indexing Provider O'Shaughnessy Asset Management.

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MANews-(C)2009-2022

US-based investment management organization Franklin Resources, Inc. (NYSE: BEN) has closed the acquisition of quantitative asset management firm O'Shaughnessy Asset Management, LLC, the company said.

Through this acquisition, Franklin Templeton adds to its offerings in the high growth separately managed account industry, where it is already one of the largest providers with USD 130bn in SMA assets under management as of August 31, 2021.

OSAM's capabilities, both as a factor-based investment manager and as a Custom Indexing solution via OSAM's flagship Canvas platform, will serve as an important expansion and enhancement of Franklin Templeton's existing strengths in SMA and custom solutions capabilities.

The Canvas platform launched in late 2019 and has seen strong growth since its inception, now representing USD 1.8bn of OSAM's total USD 6.4bn in assets under management as of August 31, 2021.

The transaction will bring compelling benefits to the clients that both companies serve across multiple channels. Custom Indexing represents a significant area of growth in asset management today, and Canvas allows financial advisors to build and manage Custom Indexes in SMAs that are individually tailored to the client's specific needs, preferences, and objectives.

Advisors can create investment templates, access factor investing strategies, utilize passive strategies, and apply ESG investing and SRI screens to adhere specifically to the client's...

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