{"success":true,"data":{"pressRelease":{"id":"66373","rtpr_id":"nBw2Sws40a","ticker":"BEN","exchange":"NYSE","all_tickers":["BEN"],"title":"Franklin Templeton Expands Canvas Platform By Offering Tax Overlay Capability to Several Asset Manager Strategic Partners","author":"Business Wire","published_at":"2026-06-17T12:27:00.086Z","article_body":"Franklin Templeton Expands Canvas Platform By Offering Tax Overlay Capability\nto Several Asset Manager Strategic Partners\n\nCanvas Preferred Partner Program (P3) Allows Select Active Managers to Offer\nTax-Managed Versions of Strategies to the Market\n\nFranklin Templeton, a global investment leader, today announced the launch of\nits Preferred Partner Program (P3), an expansion of its Canvas platform that\nenables third-party asset managers to offer tax-managed versions of their\nproprietary investment strategies through Canvas.\n\nThe program extends Canvas’s personalization and tax management capabilities\nbeyond Franklin Templeton product, allowing selected managers to deliver their\ninvestment philosophy with a systematic tax overlay that combines traditional\nalpha and tax alpha within a single portfolio experience.\n\nThrough Canvas P3, MFS Investment Management, Federated Hermes and T. Rowe\nPrice will now offer select systematically tax managed strategies in\npartnership with Franklin Templeton. These strategies, starting with\nseparately managed accounts, will pair each manager’s investment expertise\nwith Canvas’s tax overlay capabilities, which are designed to target\nafter-tax outcomes while maintaining alignment with the manager’s investment\napproach.\n\n“We built Canvas to help advisors deliver more personalized and\ntax-efficient portfolios at scale,” said Roger Paradiso, Head of Franklin\nTempleton Custom Client Portfolios “Canvas P3 further expands our strategy\nsuite and gives advisors a way to access strategies from other select asset\nmanagers they also want work with while adding tax-aware implementation at the\nindividual account level. Advisors should have choices when selecting a\nmanager that they believe in while getting the best tax-aware outcome their\nclients deserve.\"\n\nThe Canvas platform supports tax-loss harvesting, tax-aware transitions,\nannual tax budgets, concentrated stock diversification, client-specific\nrestrictions and after-tax reporting. These capabilities are applied at the\naccount level, allowing advisors to tailor implementation to each client’s\ncircumstances while preserving the investment intent of the underlying\nstrategies and account.\n\n“The value of Canvas is in its scalable implementation,\" said Mark Lavan,\nHead of Wealth Management at Franklin Templeton “By bringing other\nmanagers’ strategies onto the platform, Canvas can help transform a\nmanager’s conversations historically anchored in performance, into a more\npersonalized and integrated portfolio experience for advisors and their\nclients. This is an important step in making tax-aware customization more\naccessible across a broader range of investment strategies.”\n\nCanvas is core to Franklin Templeton’s broader effort to deliver\ntechnology-enabled, personalized investment solutions to advisors and their\nclients. The platform is designed to help advisors create, transition and\nmanage customized portfolios with account-level tax management and\nimplementation support.\n\nAbout Franklin Templeton\n\nFranklin Templeton is a trusted investment partner, delivering tailored\nsolutions that align with clients’ strategic goals. With deep portfolio\nmanagement expertise across public and private markets, we combine investment\nexcellence with cutting-edge technology. Since our founding in 1947, we have\nempowered clients through strategic partnership, forward-looking insights, and\ncontinuous innovation – providing the tools and resources to navigate change\nand capture opportunity.\n\nWith more than $1.78 trillion in assets under management as of May 31, 2026,\nFranklin Templeton operates globally in more than 35 countries.\n\nTo learn more, visit franklintempleton.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.franklintempleton.com%2F&esheet=54555619&newsitemid=20260617759171&lan=en-US&anchor=franklintempleton.com&index=1&md5=ed87cf21497556ded848704a6dd92caf)\nand follow us on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&esheet=54555619&newsitemid=20260617759171&lan=en-US&anchor=LinkedIn&index=2&md5=0cea1b2a3309c6f5a20cd2e0ec9bbc96)\n.\n\nFranklin Resources, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.franklinresources.com%2F&esheet=54555619&newsitemid=20260617759171&lan=en-US&anchor=Franklin+Resources%2C+Inc.&index=3&md5=dda7b63c169796258d660eba49192cb2)\n[NYSE: BEN]\n\nAll investments involve risks, including possible loss of principal. Franklin\nTempleton, its affiliates, and its employees are not in the business of\nproviding tax or legal advice to taxpayers. These materials and any\ntax-related statements are not intended or written to be used, and cannot be\nused or relied upon, by any such taxpayer for the purpose of avoiding tax\npenalties or complying with any applicable tax laws or regulations. Tax\nrelated statements, if any, may have been written in connection with the\n“promotion or marketing” of the transaction(s) or matter(s) addressed by\nthese materials, to the extent allowed by applicable law. Any such taxpayer\nshould seek advice based on the taxpayer’s particular circumstances from an\nindependent tax advisor.\n\nCopyright © 2026. Franklin Templeton. All rights reserved.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260617759171/en/\n(https://www.businesswire.com/news/home/20260617759171/en/)\n\nFranklin Templeton\n\nPublic Relations: \n\nEloise Cappelletti (212) 632-3207\n\neloise.cappelletti@franklintempleton.com\n(mailto:eloise.cappelletti@franklintempleton.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2Sws40a","title":"Franklin Templeton Expands Canvas Platform By Offering Tax Overlay Capability to Several Asset Manager Strategic Partners","author":"Business Wire","ticker":"BEN","created":"2026-06-17T12:27:00.086Z","tickers":["BEN"],"exchange":"NYSE","article_body":"Franklin Templeton Expands Canvas Platform By Offering Tax Overlay Capability\nto Several Asset Manager Strategic Partners\n\nCanvas Preferred Partner Program (P3) Allows Select Active Managers to Offer\nTax-Managed Versions of Strategies to the Market\n\nFranklin Templeton, a global investment leader, today announced the launch of\nits Preferred Partner Program (P3), an expansion of its Canvas platform that\nenables third-party asset managers to offer tax-managed versions of their\nproprietary investment strategies through Canvas.\n\nThe program extends Canvas’s personalization and tax management capabilities\nbeyond Franklin Templeton product, allowing selected managers to deliver their\ninvestment philosophy with a systematic tax overlay that combines traditional\nalpha and tax alpha within a single portfolio experience.\n\nThrough Canvas P3, MFS Investment Management, Federated Hermes and T. Rowe\nPrice will now offer select systematically tax managed strategies in\npartnership with Franklin Templeton. These strategies, starting with\nseparately managed accounts, will pair each manager’s investment expertise\nwith Canvas’s tax overlay capabilities, which are designed to target\nafter-tax outcomes while maintaining alignment with the manager’s investment\napproach.\n\n“We built Canvas to help advisors deliver more personalized and\ntax-efficient portfolios at scale,” said Roger Paradiso, Head of Franklin\nTempleton Custom Client Portfolios “Canvas P3 further expands our strategy\nsuite and gives advisors a way to access strategies from other select asset\nmanagers they also want work with while adding tax-aware implementation at the\nindividual account level. Advisors should have choices when selecting a\nmanager that they believe in while getting the best tax-aware outcome their\nclients deserve.\"\n\nThe Canvas platform supports tax-loss harvesting, tax-aware transitions,\nannual tax budgets, concentrated stock diversification, client-specific\nrestrictions and after-tax reporting. These capabilities are applied at the\naccount level, allowing advisors to tailor implementation to each client’s\ncircumstances while preserving the investment intent of the underlying\nstrategies and account.\n\n“The value of Canvas is in its scalable implementation,\" said Mark Lavan,\nHead of Wealth Management at Franklin Templeton “By bringing other\nmanagers’ strategies onto the platform, Canvas can help transform a\nmanager’s conversations historically anchored in performance, into a more\npersonalized and integrated portfolio experience for advisors and their\nclients. This is an important step in making tax-aware customization more\naccessible across a broader range of investment strategies.”\n\nCanvas is core to Franklin Templeton’s broader effort to deliver\ntechnology-enabled, personalized investment solutions to advisors and their\nclients. The platform is designed to help advisors create, transition and\nmanage customized portfolios with account-level tax management and\nimplementation support.\n\nAbout Franklin Templeton\n\nFranklin Templeton is a trusted investment partner, delivering tailored\nsolutions that align with clients’ strategic goals. With deep portfolio\nmanagement expertise across public and private markets, we combine investment\nexcellence with cutting-edge technology. Since our founding in 1947, we have\nempowered clients through strategic partnership, forward-looking insights, and\ncontinuous innovation – providing the tools and resources to navigate change\nand capture opportunity.\n\nWith more than $1.78 trillion in assets under management as of May 31, 2026,\nFranklin Templeton operates globally in more than 35 countries.\n\nTo learn more, visit franklintempleton.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.franklintempleton.com%2F&esheet=54555619&newsitemid=20260617759171&lan=en-US&anchor=franklintempleton.com&index=1&md5=ed87cf21497556ded848704a6dd92caf)\nand follow us on LinkedIn\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&esheet=54555619&newsitemid=20260617759171&lan=en-US&anchor=LinkedIn&index=2&md5=0cea1b2a3309c6f5a20cd2e0ec9bbc96)\n.\n\nFranklin Resources, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.franklinresources.com%2F&esheet=54555619&newsitemid=20260617759171&lan=en-US&anchor=Franklin+Resources%2C+Inc.&index=3&md5=dda7b63c169796258d660eba49192cb2)\n[NYSE: BEN]\n\nAll investments involve risks, including possible loss of principal. Franklin\nTempleton, its affiliates, and its employees are not in the business of\nproviding tax or legal advice to taxpayers. These materials and any\ntax-related statements are not intended or written to be used, and cannot be\nused or relied upon, by any such taxpayer for the purpose of avoiding tax\npenalties or complying with any applicable tax laws or regulations. Tax\nrelated statements, if any, may have been written in connection with the\n“promotion or marketing” of the transaction(s) or matter(s) addressed by\nthese materials, to the extent allowed by applicable law. Any such taxpayer\nshould seek advice based on the taxpayer’s particular circumstances from an\nindependent tax advisor.\n\nCopyright © 2026. Franklin Templeton. All rights reserved.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260617759171/en/\n(https://www.businesswire.com/news/home/20260617759171/en/)\n\nFranklin Templeton\n\nPublic Relations: \n\nEloise Cappelletti (212) 632-3207\n\neloise.cappelletti@franklintempleton.com\n(mailto:eloise.cappelletti@franklintempleton.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-17T12:27:00.135388849Z","server_sent_at_ms":1781699220135},"received_at":"2026-06-17T12:27:00.206Z","source_url":"https://www.businesswire.com/news/home/20260617759171/en/"},"analysis":{"id":"55787","press_release_id":"66373","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"product_launch","narrative":"Franklin Templeton launched the Preferred Partner Program (P3), expanding its Canvas platform to allow third-party asset managers to offer tax-managed versions of their strategies.\n\nInitial strategic partners include MFS Investment Management, Federated Hermes, and T. Rowe Price, who will pair their investment expertise with Canvas’s tax overlay capabilities for separately managed accounts.\n\nThe platform supports tax-loss harvesting, tax-aware transitions, and after-tax reporting, designed to help advisors deliver personalized, tax-efficient outcomes at scale.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Franklin Templeton expands Canvas reach with new tax-overlay partnerships."},"keyFigures":{"customDimensions":{}},"quotedText":"This is an important step in making tax-aware customization more accessible across a broader range of investment strategies.”","namedEntities":{"people":[{"name":"Roger Paradiso","role":"Head of Franklin Templeton Custom Client Portfolios"},{"name":"Mark Lavan","role":"Head of Wealth Management at Franklin Templeton"}],"products":["Canvas","Canvas platform","Preferred Partner Program (P3)"],"companies":[{"name":"Franklin Templeton"},{"name":"MFS Investment Management"},{"name":"Federated Hermes"},{"name":"T. Rowe Price"}],"dollarAmounts":[{"amount":"$1.78 trillion","context":"assets under management as of May 31, 2026"}]},"materialImpact":{"score":2,"reasoning":"The launch of the Preferred Partner Program (P3) represents a positive operational expansion of the Canvas platform, adding strategic partnerships with major asset managers. While it enhances distribution and product capabilities, it is an incremental business development update rather than a material financial event or binary regulatory outcome."},"tickerRelevance":{"others":[],"primary":"BEN"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":["partnership"],"importanceComponents":{"issuerTier":"large_cap","eventGravity":"product_expansion_partnership","sectorWeight":"financials"}},"event_type":"product_launch","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":2,"narrative":"Franklin Templeton launched the Preferred Partner Program (P3), expanding its Canvas platform to allow third-party asset managers to offer tax-managed versions of their strategies.\n\nInitial strategic partners include MFS Investment Management, Federated Hermes, and T. Rowe Price, who will pair their investment expertise with Canvas’s tax overlay capabilities for separately managed accounts.\n\nThe platform supports tax-loss harvesting, tax-aware transitions, and after-tax reporting, designed to help advisors deliver personalized, tax-efficient outcomes at scale.","key_figures":{"customDimensions":{}},"named_entities":{"people":[{"name":"Roger Paradiso","role":"Head of Franklin Templeton Custom Client Portfolios"},{"name":"Mark Lavan","role":"Head of Wealth Management at Franklin Templeton"}],"products":["Canvas","Canvas platform","Preferred Partner Program (P3)"],"companies":[{"name":"Franklin Templeton"},{"name":"MFS Investment Management"},{"name":"Federated Hermes"},{"name":"T. Rowe Price"}],"dollarAmounts":[{"amount":"$1.78 trillion","context":"assets under management as of May 31, 2026"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-17T12:49:09.294Z","global_importance":15,"audience_relevance":20,"importance_components":{"issuerTier":"large_cap","eventGravity":"product_expansion_partnership","sectorWeight":"financials"}},"durationMs":113979,"modelName":"george-droid-qwen-72b"}}