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

SAN MATEO, Calif.--(BUSINESS WIRE)--Jun. 17, 2026-- 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.

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.

Through Canvas P3, 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.

“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 P3 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."

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.

“The value of Canvas is in its scalable implementation," 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.”

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.

About Franklin Templeton

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.

With more than $1.78 trillion in assets under management as of May 31, 2026, Franklin Templeton operates globally in more than 35 countries.

To learn more, visit franklintempleton.com and follow us on LinkedIn.

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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.

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Franklin Templeton
Public Relations:
Eloise Cappelletti (212) 632-3207
eloise.cappelletti@franklintempleton.com

Source: Franklin Templeton