STAMFORD, Connecticut – (BUSINESS WIRE) – November 16, 2021–

O’Shaughnessy Asset Management, LLC (OSAM), a leading quantitative asset management firm, today announced that the company’s industry-leading custom indexing platform, Canvas®, has surpassed 2 billion in assets under management after hitting $ 1 billion earlier this year. This milestone places O’Shaughnessy Asset Management over $ 7 billion * in total company assets. Canvas allows financial advisors to create and manage custom indexes in separately managed accounts (SMAs) that are individually tailored to the client’s specific needs, preferences and goals. Canvas was launched in late 2019 and has grown alongside a first group of Registered Investment Adviser (RIA) partners. In addition, it was recently announced that OSAM and Franklin Resources, Inc, (“Franklin Templeton”) have entered into an agreement for Franklin Templeton to acquire OSAM and its Canvas platform.

“Canvas offers a powerful centralized operating platform with unmatched functionality to provide personalized advice and manage all aspects of the portfolio,” said Patrick O’Shaughnessy, CFA, president and CEO of OSAM. “The level of control provided to advisors, combined with the reduction in time and costs associated with administrative tasks, is transformative for teams. The rapid growth of Canvas AUM is mainly due to the increased speed of our original partners as well as new assets from a second cohort of newly integrated RIA partners.

Custom Indices allow financial advisors to utilize an asset manager’s proprietary research and represent an improvement over direct indices that subscribe to the methodology of an index company. This approach allows advisors to fully customize portfolios based on specific client needs and values. With Canvas, over 20 years of data science expertise, which clients use to target risk / reward premiums, income needs and downside protection, along with optimal tax management and business goals. investment based on values. Today there are over 50 ESG screens available on the platform and the ability to restrict individual names, industries and / or sectors. The capacity most used by taxable investors is personalized tax management. This feature allows advisors to transition and manage portfolios on an ongoing basis within the tax budget specified by the client. From creation to performance, the entire portfolio management process takes place in Canvas’s web software.

“We are fortunate to have incredibly supportive RIA partners who recognize the potential to grow their businesses by simplifying the technology stack,” added O’Shaughnessy. “As we have seen, wealth management companies of all sizes are increasingly open to new technologies that deliver process efficiency and customer value. Canvas sets new frontiers in AdvisorTech.

Canvas is a constantly adapting platform based on ideas and feedback from its advisor clients. Recent releases and notable upgrades include a new fiscal portal, performance reporting, defensive and stability factors for volatility management, access to emerging markets, focused improvements in risk management and a growing set of ESG investment options.

“Despite the surge in interest and adoption of technology-based portfolio solutions, personalized indexing is still in its infancy. I have no doubt that the Custom Index will have as big an impact on wealth management as its predecessors in mutual funds and ETFs. The future is exciting, ”said O’Shaughnessy.

About OSAM

O’Shaughnessy Asset Management (OSAM) is a quantitative asset management firm based in Stamford, Connecticut. OSAM offers a wide range of equity portfolios to institutional investors, individual investors and high net worth clients of financial advisers. OSAM also serves as an investment advisor for a US mutual fund and a sub-advisor for a family of mutual funds in Canada. The company’s team has been managing client assets since 1996. On September 29, 2021, OSAM entered into an agreement to be acquired by Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, with more than $ 1.5 trillion in assets under management as of September 30, 2021. For more information, visit www.osam.com.

* As of 10/31-2021, discretionary assets under management were approximately $ 6.4 billion and non-discretionary assets under advisory / AMU were approximately $ 600 million.

Forward-looking statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995.

Various forward-looking statements contained in this press release relate to the acquisition by Franklin Resources, Inc. (“Franklin”) of O’Shaughnessy Asset Management, LLC.

Any forward-looking statement made in this press release speaks only as of the date on which it is made. Factors or events that could cause actual results to vary may occur from time to time and we cannot predict all of them. OSAM assumes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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CONTACT: Jonathan Mairs

Communication axis

[email protected]

917-517-7097

KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCIAL ADVICE PROFESSIONAL BANKING SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: O’Shaughnessy Asset Management, LLC

Copyright Business Wire 2021.

PUB: 11/16/2021 08: 00 / DISC: 11/16/2021 08:01

http://www.businesswire.com/news/home/202111116005410/en

Copyright Business Wire 2021.


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