United States
Overview
SMAs – Custom Solutions for Investors
Separately managed accounts (SMAs) offer a tailored approach to investing that takes into account the unique needs of each investor. Each individual portfolio is overseen by a professional manager.
Investing through an SMA Increases Financial Flexibility
With an SMA, the individual investor directly owns the stocks, bonds and other securities in the portfolio. SMAs:
- Provide access to a comprehensive range of options, where the investor can pursue a diversified investment strategy – while benefiting from the ability to manage tax implications and liquidity.
- Allow investors to place limits on gains or losses as well as impose investment restrictions.
Investors Appreciate the Control that Comes with an SMA
An SMA may be an attractive solution for an investor who wants the ability to influence how their money is invested while still realizing the advantages of professional management. A financial advisor can guide clients in choosing the right manager to create a personalized portfolio.
- Investment Minimum: $100,000-$250,000
- Funding: May be funded with existing securities and/or cash
Investors can partner with Franklin Templeton to choose from a broad range of customized investment strategies to build a portfolio suited to their individual needs.
Benefits
Personal Portfolio Management
Portfolios are designed to accommodate a client’s unique investment goals, including the opportunity to set parameters that reflect their moral and ethical values.
Enhanced Tax-Efficiency
Each security purchased can be used to establish a separate cost basis, a potentially advantageous strategy for minimizing tax liabilities or in gifting situations.
Investment Flows
Managed accounts eliminate the impact that the purchases and sales of other shareholders may have on funds (e.g., being forced to sell securities in declining markets).
Full Transparency
Investors can receive regular customized reports. All performance data includes full list of current holdings, as well as capital contributions and withdrawals.
WHY FRANKLIN TEMPLETON?
Since 1947, Franklin Templeton has been dedicated to delivering exceptional asset management for clients. Our firm offers specialized expertise across different asset classes and styles, managed by our world-class investment teams. As part of one single firm, these teams are supported by the strength and resources of one of the world’s largest asset managers.
A Trusted Partner
We manage more than $600 billion in assets around the world, resulting from our more than 70-year track record of helping investors achieve their financial goals.1
FOCUS ON INVESTMENT EXCELLENCE
Our independent teams with distinct investment styles and philosophies are backed by exceptional research — and supported by a global platform that includes active risk management and rigorous compliance.
GLOBAL PERSPECTIVE SHAPED BY LOCAL EXPERTISE
We leverage the firsthand research and insights of more than 600 investment professionals around the world to give investors access to global opportunities others might miss.2
STRENGTH AND EXPERIENCE
We offer clients the strength and experience gained from decades of active management — and an enduring commitment to reliable, personalized service.
Portfolios
| Name | Description | Portfolio Profile | Strategy Commentary |
|---|---|---|---|
| Municipal Fixed Income | |||
| Franklin Intermediate Municipal SMA | Invest in current coupon bonds with the goal of producing the highest possible tax-free income, coupled with preservation of capital. | pdfpdf | pdfpdf |
| Franklin Limited Maturity Municipal SMA | This portfolio is available as a restriction to the FPA Intermediate Municipal Fixed Income portfolio for accounts meeting a $500,000 investment minimum. National, California or New York portfolios are available. | pdfpdf | pdfpdf |
| Franklin Long Maturity Municipal SMA | This portfolio invests primarily in high quality long-term municipal bonds. Using a bottom-up, income-focused strategy, the strategy seeks to offer capital preservation and appreciation, along with a high level of current tax free income. | N/A | pdfpdf |
| Franklin Municipal Green Bond SMA | Investing in municipal bonds whose proceeds are used to support various green projects, the strategy seeks to deliver a high level of income exempt from federal taxes, allocating capital in a way to promote environmental sustainability. | pdfpdf | N/A |
| Franklin Multi Strategy Municipal SMA | A hybrid portfolio comprised of 60% in individual intermediate-term municipal bonds and 40% in a high yield, tax-free pooled investment vehicle. | pdfpdf | pdfpdf |
| Franklin Short Laddered Municipal SMA (1-7 Years) | Seeks a high level of current income by investing in a diversified portfolio of municipal securities. At least every other year in the ladder will have a muni position with a corresponding maturity in that year for the complete maturity range of the strategy. | pdfpdf | pdfpdf |
| Franklin Intermediate Laddered Municipal SMA (1-15 Years) | Seeks a high level of current income by investing a diversified portfolio of municipal securities. At least every other year in the ladder will have a muni position with a corresponding maturity in that year for the complete maturity range of the strategy. | pdfpdf | pdfpdf |
| Franklin Long Laddered Municipal SMA (5-20 Years) | Seeks a high level of current income by investing in a diversified portfolio of municipal securities. At last every other year in the ladder will have muni position with a corresponding maturity in that year for the complete maturity range of the strategy. | pdfpdf | pdfpdf |
| Taxable Fixed Income | |||
| Franklin Intermediate Fixed Income SMA | Invests in U.S. government bonds, U.S. agency securities and corporate bonds, with the objectives of producing a high level of current income and generating total return opportunities. | pdfpdf | pdfpdf |
| Franklin Intermediate Government Bond SMA | This portfolio invests primarily in intermediate maturity U.S. government securities. Using a risk-managed, topdown/bottom-up approach via active management of duration, yield curve, sector allocation and issue selection, the strategy seeks to provide capital appreciation along with current income. | pdfpdf | N/A |
| Franklin Intermediate Investment Grade Credit SMA | Invests in high quality bonds, seeking to take advantage of relative valuation differences between sectors, issuers and individual bond issues, with the objective of producing a high level of current income and generating total return opportunities. | pdfpdf | N/A |
| Name | Description | Portfolio Profile | Strategy Commentary |
|---|---|---|---|
| US Equity | |||
| Franklin DynaTech SMA | Investing primarily in companies which management believes are leaders in innovation, take advantage of new technologies, have superior management, and benefit from new industry conditions in the dynamically changing global economy. | pdfpdf | pdfpdf |
| Franklin Equity Income SMA | The strategy seeks to maximize total return by emphasizing high current income and long-term capital appreciation, consistent with reasonable risk. The strategy is to invest in a portfolio of equity securities, predominantly common stocks, that the investment manager considers to be financially strong, with a focus on “blue chip” companies. | N/A | N/A |
| Franklin Focused Growth SMA | The strategy seeks capital appreciation by investing primarily in equity securities of companies that the investment manager believes offer compelling growth opportunities. Many factors are considered in the selection criteria, including historical and potential growth in revenues and earnings, assessment of strength and quality of management, and determination of a 色999日韩偷自拍拍’s strategic positioning in its industry. | N/A | N/A |
| Franklin Growth Opportunities SMA | Investing predominantly in equity securities of companies demonstrating accelerating growth, increasing profitability, or above average growth or growth potential as compared with the overall economy. | N/A | N/A |
| Franklin Rising Dividends SMA | The portfolio seeks long-term capital appreciation by investing at least 80% of its net assets in companies of any size that have paid consistently rising dividends. | pdfpdf | N/A |
| Franklin Small Cap Growth SMA | The portfolio seeks long-term capital growth by investing at least 80% of its net assets in the equity securities of companies with market capitalizations of generally less than $1.5 billion, or the highest market capitalization in the Russell 2000 Index, whichever is greater, at the time of purchase. | N/A | pdfpdf |
| Global/International Equity | |||
| Franklin International Growth SMA | This portfolio seeks capital appreciation by investing predominantly in the equity securities of mid-and large capitalization companies outside the U.S. with long-term growth potential. | N/A | pdfpdf |
| Templeton Global ADR Equity SMA | Approximately 70 to 100 international and U.S. equities of companies across all capitalization levels, with emerging markets exposure. A developed markets ex-U.S. equity strategy, which excludes emerging market countries, is also available. | pdfpdf | N/A |
| Templeton International ADR Equity SMA | Approximately 70 to 100 international equities of companies across all capitalization levels, with emerging markets exposure. A developed markets ex-U.S. equity strategy, which excludes emerging market countries, is also available. | pdfpdf | N/A |
| Templeton World Balanced SMA | Approximately 65% international equities and 35% U.S. government bonds, U.S. agency securities and corporate bonds with the goal of providing long-term capital appreciation and consistent rates of return. | pdfpdf | N/A |
| Name | Description | Portfolio Profile | Strategy Commentary |
|---|---|---|---|
| Franklin Income SMA | Seeks to maximize income, while maintaining prospects for capital appreciation, by investing in a diversified portfolio of stocks and bonds. | pdfpdf | N/A |
Resources
PDFMunicipal Bond Separately Managed Accounts
This brochure presents Franklin’s municipal bond separately managed account capabilities, as well as the benefits of professional municipal bond management. Highlights the Franklin Intermediate Municipal SMA strategy.
Institutional Execution for the Individual Investor
One of the many benefits of separate account management for municipal bonds is avoiding costly mark-ups by using the institutional execution of an investment manager.
PDFGreen Bonds: Munis for Environmentally-Conscious Investors
At Franklin, our independent process for evaluating green bonds gauges the credibility of a green bond to ensure it is aligned with the mission of investing in projects dedicated to promoting environmental sustainability.
Featured Content
Contact Us
- World Headquarters
- One Franklin Parkway
- San Mateo, California 94403
- (800) 822-8464
- SMASpecialist@donnafleisher.com
Kathryn Bartelt
- SMA Specialist
Jenny Wolf
- SMA Specialist
Sal Coppola
- SMA Specialist
Alexis Arcaro
- SMA Specialist
Footnotes
- As of 5/31/20.
- As of 5/31/20. Investment professionals include portfolio managers, portfolio managers/analysts, research analysts and traders of Franklin, Templeton, Franklin Mutual Series, and subsidiary investment management groups.
Important Information
All investments involve risks, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors or general market conditions. Bond prices are affected by interest rate changes. Bond prices generally move in the opposite direction of interest rates. High-yield, lower-rated bonds generally have greater price swings and higher default risks. These securities carry a greater degree of credit risk relative to investment-grade securities. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors. Smaller, mid-sized and relatively new or unseasoned companies can be particularly sensitive to changing economic conditions, and their prospects for growth are less certain than those of larger, more established companies.
Investors should review their investment objectives, risk tolerance and liquidity needs before choosing a manager. There is no guarantee that investment strategies will work under all market conditions and investors should evaluate their ability to invest for the long term, especially during periods of market downturns.
Franklin Separately Managed Accounts and Templeton Separately Managed Accounts are divisions of Franklin Templeton Portfolio Advisors, Inc., a subsidiary of Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton Investments.
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