Separately Managed Accounts

Separately managed accounts (SMAs) are customized securities portfolios owned by individual investors. Clients can:

  • Select an investment manager, with the help of their financial advisors, to create a personalized portfolio that meets their requirements.
  • Own individual securities in their portfolios and can restrict the purchase of certain securities or types of securities.
  • Generally fund the account with securities in kind or cash.
  • Have the potential for more tax flexibility through tax gain/loss selling.

Franklin Templeton Portfolio Advisors Inc. (FTPA), through its investment management divisions of Franklin Separately Managed Accounts and Templeton Separately Managed Accounts, offers global and domestic separately managed account products and services to high-net-worth individual and institutional clients. A Consulting Services team sells a suite of financial services through financial intermediaries.

For more information about SMAs or to determine which portfolios are available at your firm, contact your financial advisor.

Portfolios

Our portfolios are managed by Franklin Separately Managed Accounts and Templeton Separately Managed Accounts, divisions of Franklin Templeton Portfolio Advisors, Inc. For each portfolio, we offer a series of marketing materials that are updated quarterly, including:

  • Market Commentaries — contain market reviews and outlooks
  • Portfolio Profiles — detail portfolios’ philosophies, processes, characteristics, and performance
  • Portfolio Presentations — provide company overview, philosophy, process and investment management teams

Descriptions of the separately managed account portfolios we offer are listed below.

  • Description 

    Multi Strategy Municipal

    A hybrid portfolio comprised of 60% in individual intermediate-term municipal bonds and 40% in a high yield, tax-free pooled investment vehicle.
    Franklin Separately Managed Accounts1

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    Intermediate Fixed Income

    Invest in U.S. government bonds, U.S. agency securities and corporate bonds, with the objectives of producing a high level of current income and generating total return opportunities.
    Franklin Separately Managed Accounts1

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    Intermediate Investment Grade Credit

    Investing in high quality bonds, seeking to take advantage of relative valuation differences between sectors, issuers and individual bond issues, with the objectives of producing a high level of current income and generating total return opportunities.
    Franklin Separately Managed Accounts1

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    Intermediate Municipal

    Invest in current coupon bonds with the goal of producing the highest possible tax-free income, coupled with preservation of capital.
    Franklin Separately Managed Accounts1

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    Limited Maturity Municipal

    This portfolio is available as a restriction to the FPA Intermediate Municipal Fixed Income portfolio for accounts meeting a $500,000 investment minimum. National, California or New York portfolios are available.
    Franklin Separately Managed Accounts1

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  • Description 

    Rising Dividends

    The strategy seeks long-term capital appreciation by investing at least 65% of its net assets in companies of any size that have paid consistently rising dividends.
    Franklin Separately Managed Accounts1

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  • Description 

    Global Equity

    Approximately 70 to 100 international and U.S. equities of companies across all capitalization levels, with emerging markets exposure. A developed markets ex-U.S. equity strategy, which excludes emerging market countries, is also available.
    Templeton Separately Managed Accounts2

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    International Equity

    Approximately 70 to 100 international equities of companies across all capitalization levels, with emerging markets exposure. A developed markets ex-U.S. equity strategy, which excludes emerging market countries, is also available.

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    World Balanced

    Approximately 65% international equities and 35% U.S. government bonds, U.S. agency securities and corporate bonds with the goal of providing long-term capital appreciation and consistent rates of return.
    Templeton Separately Managed Accounts2

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  • Description 

    Small Cap Growth

    Approximately 60 to 100 U.S. equities of companies that are sector leaders in their emerging growth phase with sustainable, competitive advantages that can achieve superior, long-term results. Closed to new investors.

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