Franklin Templeton Establishes Partnership with Venerable
16 Outubro 2023 - 9:30AM
Business Wire
Franklin Templeton Investment Solutions to
Partner with New Venerable Investment Adviser to Design Funds and
Select Money Managers for Venerable Variable Insurance Trust
Franklin Templeton Leverages Deep Expertise in
Partnering with Insurers to Align Its Capabilities with Their Goals
and Priorities
Franklin Templeton is deepening its asset management leadership
in the insurance industry by entering into a partnership with
Venerable Holdings, Inc. (“Venerable”). Venerable today announced
that Venerable Investment Advisers, LLC (“Venerable Advisers”), its
new wholly-owned subsidiary, intends to engage Franklin Templeton
to provide sub-advisory services with respect to certain funds in
its newly formed Venerable Variable Insurance Trust (“VVIT”).
Franklin Templeton will provide sub-advisory services with respect
to VVIT alongside Russell Investments.
“We are thrilled to partner with Venerable as a preferred asset
manager and to collaborate with Russell Investments. Both are
highly regarded in their areas of expertise, and together we have
created unique and customized investment solutions through our
complementary capabilities. With more than 75 years of investment
management expertise, Franklin Templeton has a long history of
managing insurance assets. With this experience, we bring distinct
specialist investment managers and extensive multi-asset
capabilities to deliver better outcomes for clients,” said Jacob
Armstrong, Franklin Templeton’s Head of Insurance Strategic
Distribution.
Franklin Templeton has been selected as a preferred asset
management partner for the VVIT, which will be comprised of mutual
funds, that will serve as investment options for insurance company
separate accounts. This will include discretionary sub-advisory
mandates, managed by Franklin Templeton Investment Solutions,
partnering with Brandywine Global, ClearBridge Investments,
Franklin Equity Group, Franklin Templeton Fixed Income, and Western
Asset Management. The sub-advised strategies referenced are the
Venerable Large Cap Strategic Equity Fund, Venerable Strategic Bond
Fund and Venerable High Yield Fund.
“It was important to select partners with the right capabilities
and expertise as we establish Venerable Advisers. The deep
investment management expertise of Franklin Templeton combined with
the leading investment solutions of Russell Investments will be a
tremendous asset to us,” said Tim Brown, President of Venerable
Advisers. “We appreciate the collaborative nature of the work done
thus far and look forward to continued work with these partners as
we continue to grow and optimize our business.”
Franklin Templeton Investment Solutions has over 25 years of
experience crafting multi-asset and quantitative solutions powered
by Franklin Templeton’s best thinking and draws upon the broad
spectrum of investment strategies offered by the firm. Franklin
Templeton Investment Solutions has a deep commitment to solving the
most complex challenges of our clients through custom-built
solutions.
“Franklin Templeton has a deep history of partnering with the
largest and most prolific insurers across the globe, aligning
capabilities with their goals and priorities. With over $145
billion in insurance assets under management, Franklin Templeton is
dedicated to seeking ways to help the insurance industry address
their evolving needs,” said Jeff Masom, Head of US
Distribution.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 150 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company offers specialization on a global scale, bringing
extensive capabilities in fixed income, equity, alternatives and
multi-asset solutions. With more than 1,300 investment
professionals, and offices in major financial markets around the
world, the California-based company has over 75 years of investment
experience and approximately $1.4 trillion in assets under
management as of September 30, 2023. For more information, please
visit franklintempleton.com and follow us on LinkedIn, Twitter and
Facebook.
All investments involve risks, including possible loss of
principal.
Franklin Resources, Inc. and its subsidiaries offer investment
management services through multiple investment advisers registered
with the SEC. Franklin Templeton, One Franklin Parkway, San Mateo,
CA 94403-1906, 1-800-321-8563, ftinstitutional.com
A registration statement relating to VVIT has been filed with
the SEC but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This communication shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state. Investment objectives, risks, charges, expenses, and
other important information about a fund are contained in the
prospectus. It is important to read and consider the prospectus
carefully before investing. Copies of the preliminary prospectus
are available online in the SEC’s EDGAR database under the name
“Venerable Variable Insurance Trust” at www.sec.gov. Please note
that the preliminary prospectus is subject to change.
Copyright © 2023. Franklin Distributors, LLC. Member FINRA/SIPC.
All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20231016402855/en/
Becky Radosevich, (212) 632-3207,
rebecca.radosevich@franklintempleton.com Stacey Coleman, (650)
525-7458, stacey.coleman@franklintempleton.com
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