The firm will be using Aladdin to unify its investment management IT infrastructure.
Asset manager Franklin Templeton will be deploying the Aladdin platform from BlackRock to unify its investment management IT infrastructures across public market asset classes, officials say.
The Aladdin portfolio management software offers investment firms “a way to view and manage daily investments,” according to BlackRock.
“Aladdin is a comprehensive technology solution that supports the entire investment management process across multiple asset classes and will also aid in the simplification of Franklin Templeton’s operation and reduction of long-term capital expenses,” according to the Franklin Templeton announcement. “Its distinctive features will enable Franklin Templeton to meet the diverse needs of its specialist investment managers and further support its growth initiatives.”
Officials at Franklin Resources, the holding company for Franklin Templeton, declined to comment on whether Aladdin would be replacing an incumbent third-party platform or an internally developed system.
The official announcement confirmed that the Aladdin system “will enhance the investment lifecycle on a single platform by providing an investment book of record to enable scale, provide insights, and support business transformation while preserving the autonomous investment processes of Franklin Templeton’s specialist investment managers.”
The Aladdin rollout is slated to begin in fiscal 2025 for Franklin Templeton, which runs from October 1 to September 30, according to the firm.
“The transition will be phased over multiple years and will be seamless to clients,” officials add.
The subsidiaries operating as Franklin Templeton serve clients in more than 150 countries with specialist investment managers working in equity, fixed income, alternatives, and multi-asset markets, officials say.
The San Mateo, Calif.-based company has more than $1.6 trillion in assets under management (AUM) as of June 30, 2024, according to officials.
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