Franklin Templeton opens Canvas tax tools to rival active managers

▤ Summary

Franklin Templeton opened its Canvas custom indexing platform to outside asset managers through a new Preferred Partner Program. The launch lets firms such as Federated Hermes, MFS Investment Management, and T. Rowe Price offer tax-managed SMA strategies through Franklin Templeton’s technology. Canvas applies tax-loss harvesting, tax-aware transitions, and other overlay tools at the account level while preserving each manager’s investment philosophy. The move turns Canvas into a broader infrastructure layer for the managed accounts market and expands its role beyond Franklin Templeton’s own products.

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