DRESHER, Pa., Jan. 27, 2022 /PRNewswire/ -- Ascensus—whose
technology and expertise help millions of people save for
retirement, education, and healthcare—announced that Franklin
Templeton has selected Ascensus to host its Personal Retirement
Path managed account services offering.
"Personalization is core to our value proposition at
Franklin Templeton, and we believe it is the key to driving
financial independence for every U.S. worker and household," said
Yaqub Ahmed, Head of Retirement,
Insurance & 529 – U.S. at Franklin Templeton. "Through our
partnership with Ascensus, we look forward to empowering advisors
with the resources needed to create a path toward financial
well-being at all stages of a participant's savings
journey."
Personal Retirement Path managed accounts deliver personalized
portfolio management to help individual investors reach specific
goals. Its proprietary Goals Optimization Engine (GOE™), which is
based on award-winning academic research, makes personalization at
scale a reality. The offering is backed by Franklin Templeton's
strong commitment to servicing the retirement industry, along with
its deep multi-asset investment expertise within Franklin Templeton
Investment Solutions.
Ascensus announced the expansion of its managed account
services—which are supported by its purpose-built technology and
open-architecture platform with no proprietary investment
requirements—in September 2020. Since
then, it has continued to develop its infrastructure to give
institutional partners and advisors more choices that can enable
them to deliver personalized account management services to their
clients and savers. The addition of Franklin Templeton's Personal
Retirement Path is another example of Ascensus' commitment to offer
more savings options that can potentially drive better retirement
outcomes.
"As the appetite for saver personalization continues to grow,
Ascensus has positioned itself to support an enhanced level of
choice via our open-architecture approach," said Jason Crane, Ascensus' head of retirement
distribution. "In Franklin Templeton, we're working with a partner
that shares our passion for helping savers achieve their retirement
goals; we're extremely proud to add Personal Retirement Path to our
array of managed account services."
"The flexibility of Ascensus' managed account services reflects
our independent business model," adds Crane. "We'll continue to
work with partners that complement our business model, philosophy,
and values while supporting unique investment management approaches
and expanding relationships."
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 165 countries. Through its
specialist investment managers, the company brings extensive
capabilities in equity, fixed income, multi-asset solutions and
alternatives. With offices in more than 30 countries and
approximately 1,300 investment professionals, the California-based company has 75 years of
investment experience and over $1.5
trillion in assets under management as of December 31, 2021. For more information, please
visit franklintempleton.com and follow us
on LinkedIn, Twitter and Facebook.
About Ascensus
Ascensus helps millions of people save
for what matters—retirement, education, and healthcare. Through
co-branded, private-labeled, and other governmental partnerships,
our technology, market insights, and business knowledge enhance the
growth and success of our partners, their clients, and savers.
Ascensus is the largest independent recordkeeping services
provider, third-party administrator, and government savings
facilitator in the United
States. For more information, visit ascensus.com.
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SOURCE Ascensus