Inexperienced’s emphasis now within the agency’s advertising and outreach to advisors is in capabilities quite than merchandise. For instance, a associate agency would possibly come to Franklin asking for a particular technique. Inexperienced says they’ll construct that technique right into a fund, hand it to their shopper, and depart it at that — with out launching a retail model. That provides Franklin’s shopper to distinguish their choices and means Franklin can develop their AUM with out clogging the market with a slew of recent merchandise each different week.
“That is the final word definition of partnership in our enterprise,” Inexperienced says. “I feel the time period partnership is bandied about fairly liberally, however this can be a scenario the place you see a real win-win.”
Franklin can take that advertising method largely as a result of their capabilities have expanded lately. That course of started with the acquisition of Legg Mason in February of 2020, which got here with an enormous secure of specialist funding managers able to constructing a far wider vary of methods for Canadian wealth administration corporations.
Franklin adopted that up with the acquisition of Lexington, a personal fairness supervisor, and BSP, a personal credit score supervisor. These two acquisitions have added to Franklin’s international alternate options platform, which now manages over $300 billion. That scale is mirrored in Franklin’s thought management, and the deep data their specialised funding groups can supply on particular topics and areas advisors may have to know. Whereas that’s solely a fraction of Franklin Templeton’s $1.4 trillion USD in property below administration, Inexperienced notes that an alts platform of their scale is a “power to be reckoned with.”
What all this quantities to, Inexperienced says, is that Franklin Templeton Canada can now be extra artistic of their collaborations with Canadian advisors, at a time when Canadian buyers want creativity.
