
Canvas Preferred Partner Program (P3) Allows Select Active Managers to Offer Tax-Managed Versions of Strategies to the Market


Franklin Templeton, a global investment leader, today announced the launch of its Preferred

<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Canvas Preferred Partner Program (P3) Allows Select Active Managers to Offer Tax-Managed Versions of Strategies to the Market</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton, a global investment leader, today announced the launch of its Preferred Partner Program (P3), an expansion of its Canvas platform that enables third-party asset managers to offer tax-managed versions of their proprietary investment strategies through Canvas.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The program extends Canvas's personalization and tax management capabilities beyond Franklin Templeton product, allowing selected managers to deliver their investment philosophy with a systematic tax overlay that combines traditional alpha and tax alpha within a single portfolio experience.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Through Canvas <i xmlns="http://www.w3.org/1999/xhtml">P3</i>, MFS Investment Management, Federated Hermes and T. Rowe Price will now offer select systematically tax managed strategies in partnership with Franklin Templeton. These strategies, starting with separately managed accounts, will pair each manager's investment expertise with Canvas's tax overlay capabilities, which are designed to target after-tax outcomes while maintaining alignment with the manager's investment approach.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"We built Canvas to help advisors deliver more personalized and tax-efficient portfolios at scale," said Roger Paradiso, Head of Franklin Templeton Custom Client Portfolios "Canvas <i xmlns="http://www.w3.org/1999/xhtml">P3</i> further expands our strategy suite and gives advisors a way to access strategies from other select asset managers they also want work with while adding tax-aware implementation at the individual account level. Advisors should have choices when selecting a manager that they believe in while getting the best tax-aware outcome their clients deserve.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Canvas platform supports tax-loss harvesting, tax-aware transitions, annual tax budgets, concentrated stock diversification, client-specific restrictions and after-tax reporting. These capabilities are applied at the account level, allowing advisors to tailor implementation to each client's circumstances while preserving the investment intent of the underlying strategies and account.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The value of Canvas is in its scalable implementation,&#34; said Mark Lavan, Head of Wealth Management at Franklin Templeton "By bringing other managers' strategies onto the platform, Canvas can help transform a manager's conversations historically anchored in performance, into a more personalized and integrated portfolio experience for advisors and their clients. This is an important step in making tax-aware customization more accessible across a broader range of investment strategies."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Canvas is core to Franklin Templeton's broader effort to deliver technology-enabled, personalized investment solutions to advisors and their clients. The platform is designed to help advisors create, transition and manage customized portfolios with account-level tax management and implementation support.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Franklin Templeton</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients' strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.

</p><p xmlns="http://www.w3.org/1999/xhtml">
With more than $1.78 trillion in assets under management as of May 31, 2026, Franklin Templeton operates globally in more than 35 countries.

</p><p xmlns="http://www.w3.org/1999/xhtml">
To learn more, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2F&amp;esheet=54555619&amp;newsitemid=20260617759171&amp;lan=en-US&amp;anchor=franklintempleton.com&amp;index=1&amp;md5=ed87cf21497556ded848704a6dd92caf" shape="rect">franklintempleton.com</a> and follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&amp;esheet=54555619&amp;newsitemid=20260617759171&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=0cea1b2a3309c6f5a20cd2e0ec9bbc96" shape="rect">LinkedIn</a>.

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<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklinresources.com%2F&amp;esheet=54555619&amp;newsitemid=20260617759171&amp;lan=en-US&amp;anchor=Franklin+Resources%2C+Inc.&amp;index=3&amp;md5=dda7b63c169796258d660eba49192cb2" shape="rect">Franklin Resources, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BEN">BEN</a>)

</p><p xmlns="http://www.w3.org/1999/xhtml">
All investments involve risks, including possible loss of principal. 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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Copyright &#xA9; 2026. Franklin Templeton. All rights reserved.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260617759171r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260617759171/en/" rel="nofollow">https://www.businesswire.com/news/home/20260617759171/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
Franklin Templeton
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Public Relations: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Eloise Cappelletti (212) 632-3207
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:eloise.cappelletti@franklintempleton.com" shape="rect">eloise.cappelletti@franklintempleton.com</a>

</p>

Franklin Templeton Expands Canvas Platform By Offering Tax Overlay Capability to Several Asset Manager Strategic Partners

Franklin Templeton expands Canvas with P3 to broaden tax-managed strategies

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Canvas Preferred Partner Program (P3) Allows Select Active Managers to Offer Tax-Managed Versions of Strategies to the Market


Franklin Templeton, a global investment leader, today announced the launch of its Preferred</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Franklin Templeton unveiled Canvas P3, a program enabling select external managers to offer tax-managed versions of their strategies on Canvas. Partners MFS, Federated Hermes and T. Rowe Price will launch tax-aware, separately managed accounts, leveraging Canvas&#039;s tax-loss harvesting and annual tax budgets. The move could expand BEN&#039;s AUM and recurring fee income via cross-sell of tech-enabled, tax-efficient solutions.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Franklin Templeton launches Canvas P3 to host tax-managed versions via third-party managers.</li><li>MFS, Federated Hermes, and T. Rowe Price join as P3 partners.</li><li>Canvas offers tax-loss harvesting, tax-aware transitions, annual tax budgets, and after-tax reporting.</li><li>AUM: Franklin Templeton reports $1.78 trillion under management as of May 31, 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Franklin Templeton (BEN)</strong>: P3 expansion could boost AUM and platform revenue; strategic tech-enabled solution.</li><li><strong>T. Rowe Price Group, Inc. (TROW)</strong>: Partner in Canvas P3; potential revenue synergies and broader distribution exposure.</li><li><strong>MFS Investment Management (N/A)</strong>: Third-party manager joining P3; potential cross-sell opportunities, modest direct stock impact.</li><li><strong>Federated Hermes (N/A)</strong>: Third-party manager joining P3; potential cross-sell opportunities, modest direct stock impact.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The piece describes a strategic platform expansion and partnerships that could drive future AUM and revenue growth for BEN via Canvas, rather than an immediate earnings catalyst.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Potential uptick in BEN&#039;s recurring fee income from Canvas P3 cross-sell to third-party managers.</li><li>Increased adviser demand for tax-efficient solutions could lift asset inflows via BEN&#039;s platform.</li><li>Platform expansion may marginally improve BEN&#039;s long-term growth runway and pricing power.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Franklin Templeton launches Canvas P3 to host tax-managed strategies from third-party managers.</li><li>Partners: MFS Investment Management, Federated Hermes, and T. Rowe Price.</li><li>Starting with separately managed accounts (SMAs) under Canvas P3.</li><li>Canvas offers tax-loss harvesting, tax-aware transitions, annual tax budgets, after-tax reporting.</li><li>AUM: Franklin Templeton had about $1.78 trillion under management as of May 31, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on BEN; expect modest AUM and fee-revenue growth within 6–12 months from P3 adoption.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<i xmlns="http://www.w3.org/1999/xhtml">Canvas Preferred Partner Program (P3) Allows Select Active Managers to Offer Tax-Managed Versions of Strategies to the Market</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton, a global investment leader, today announced the launch of its Preferred Partner Program (P3), an expansion of its Canvas platform that enables third-party asset managers to offer tax-managed versions of their proprietary investment strategies through Canvas.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The program extends Canvas's personalization and tax management capabilities beyond Franklin Templeton product, allowing selected managers to deliver their investment philosophy with a systematic tax overlay that combines traditional alpha and tax alpha within a single portfolio experience.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Through Canvas <i xmlns="http://www.w3.org/1999/xhtml">P3</i>, MFS Investment Management, Federated Hermes and T. Rowe Price will now offer select systematically tax managed strategies in partnership with Franklin Templeton. These strategies, starting with separately managed accounts, will pair each manager's investment expertise with Canvas's tax overlay capabilities, which are designed to target after-tax outcomes while maintaining alignment with the manager's investment approach.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"We built Canvas to help advisors deliver more personalized and tax-efficient portfolios at scale," said Roger Paradiso, Head of Franklin Templeton Custom Client Portfolios "Canvas <i xmlns="http://www.w3.org/1999/xhtml">P3</i> further expands our strategy suite and gives advisors a way to access strategies from other select asset managers they also want work with while adding tax-aware implementation at the individual account level. Advisors should have choices when selecting a manager that they believe in while getting the best tax-aware outcome their clients deserve.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Canvas platform supports tax-loss harvesting, tax-aware transitions, annual tax budgets, concentrated stock diversification, client-specific restrictions and after-tax reporting. These capabilities are applied at the account level, allowing advisors to tailor implementation to each client's circumstances while preserving the investment intent of the underlying strategies and account.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"The value of Canvas is in its scalable implementation,&#34; said Mark Lavan, Head of Wealth Management at Franklin Templeton "By bringing other managers' strategies onto the platform, Canvas can help transform a manager's conversations historically anchored in performance, into a more personalized and integrated portfolio experience for advisors and their clients. This is an important step in making tax-aware customization more accessible across a broader range of investment strategies."

</p><p xmlns="http://www.w3.org/1999/xhtml">
Canvas is core to Franklin Templeton's broader effort to deliver technology-enabled, personalized investment solutions to advisors and their clients. The platform is designed to help advisors create, transition and manage customized portfolios with account-level tax management and implementation support.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Franklin Templeton</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients' strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.

</p><p xmlns="http://www.w3.org/1999/xhtml">
With more than $1.78 trillion in assets under management as of May 31, 2026, Franklin Templeton operates globally in more than 35 countries.

</p><p xmlns="http://www.w3.org/1999/xhtml">
To learn more, visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2F&amp;esheet=54555619&amp;newsitemid=20260617759171&amp;lan=en-US&amp;anchor=franklintempleton.com&amp;index=1&amp;md5=ed87cf21497556ded848704a6dd92caf" shape="rect">franklintempleton.com</a> and follow us on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&amp;esheet=54555619&amp;newsitemid=20260617759171&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=0cea1b2a3309c6f5a20cd2e0ec9bbc96" shape="rect">LinkedIn</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklinresources.com%2F&amp;esheet=54555619&amp;newsitemid=20260617759171&amp;lan=en-US&amp;anchor=Franklin+Resources%2C+Inc.&amp;index=3&amp;md5=dda7b63c169796258d660eba49192cb2" shape="rect">Franklin Resources, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BEN">BEN</a>)

</p><p xmlns="http://www.w3.org/1999/xhtml">
All investments involve risks, including possible loss of principal. 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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Copyright &#xA9; 2026. Franklin Templeton. All rights reserved.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260617759171r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260617759171/en/" rel="nofollow">https://www.businesswire.com/news/home/20260617759171/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl">
Franklin Templeton
<br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">Public Relations: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Eloise Cappelletti (212) 632-3207
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:eloise.cappelletti@franklintempleton.com" shape="rect">eloise.cappelletti@franklintempleton.com</a>

</p>

Franklin Templeton unveiled Canvas P3, a program enabling select external managers to offer tax-managed versions of their strategies on Canvas. Partners MFS, Federated Hermes and T. Rowe Price will launch tax-aware, separately managed accounts, leveraging Canvas's tax-loss harvesting and annual tax budgets. The move could expand BEN's AUM and recurring fee income via cross-sell of tech-enabled, tax-efficient solutions.

Franklin Templeton Expands Canvas Platform By Offering Tax Overlay Capability to Several Asset Manager Strategic Partners

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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