Franklin Templeton launched its Preferred Partner Program, expanding its Canvas platform to enable third-party asset managers to offer tax-managed versions of their proprietary investment strategies, the company said.

The program extends Canvas’s personalization and tax management capabilities beyond Franklin Templeton products, allowing selected managers to deliver their investment products with a systematic tax overlay that combines traditional alpha and tax alpha within a single portfolio experience.

“We built Canvas to help advisors deliver more personalized and tax-efficient portfolios at scale,” Roger Paradiso, head of Franklin Templeton Custom Client Portfolios, said in a statement. “Canvas P3 further expands our strategy…