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  6. Franklin Templeton Acquires AdvisorEngine

M&A Deal Summary

Franklin Templeton Acquires AdvisorEngine

On May 6, 2020, Franklin Templeton acquired financial services company AdvisorEngine

Acquisition Highlights
  • This is Franklin Templeton’s 4th transaction in the Financial Services sector.
  • This is Franklin Templeton’s 4th transaction in the United States.
  • This is Franklin Templeton’s 1st transaction in New York.

M&A Deal Summary
Date 2020-05-06
Target AdvisorEngine
Sector Financial Services
Buyer(s) Franklin Templeton
Deal Type Add-on Acquisition

Target

AdvisorEngine

New York, New York, United States
AdvisorEngine, Inc. is a digital wealth platform and provider of technology and consulting services to more than 1,200 financial advisory firms in the United States that manage over $600 billion in assets. Its financial experience platform serves as a unified operating system across advisor experience (AX), business operations experience (BX), and client experience (CX). Modules include prospecting and client engagement tools, paperless client onboarding, account aggregation, CRM, goals-based financial planning tools, model portfolios, portfolio construction analytics, compliance monitoring tools, performance reporting, and fee billing. From the company’s offices in New York, NY, and Raleigh, NC, the AdvisorEngine team strives to fulfill six ideals through their work: camaraderie, clarity, curiosity, creativity, crushing it, and celebration. AdvisorEngine was formed in 2014 and is based in New York, New York.

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Buyer(S) 1

Buyer

Franklin Templeton

San Mateo, California, United States
Category Company
Founded 1947
Sector Financial Services
Employees10,300
Revenue 8.5B USD (2024)
DESCRIPTION
Entrance to Franklin's corporate headquarters in San Mateo, California.
Entrance to Franklin's corporate headquarters in San Mateo, California.

Franklin Templeton is a holding company that operates as Franklin Templeton Investments, a global investment management organization that provides investment management and related services to investors in jurisdictions worldwide through products that include US and non-US registered open-end and closed-end funds, unregistered funds, and institutional, high net-worth, and separately-managed accounts. Franklin Templeton was incorporated in 1947 and is headquartered in San Mateo, California.

DEAL STATS #
Overall 4 of 9
Sector: Financial Services M&A 4 of 7
Type: Add-on Acquisition M&A Deals 4 of 7
State: New York M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Legg Mason

Baltimore, Maryland, United States

Legg Mason, Inc. is an asset management firm, providing active asset management in many major investment centers throughout the world. Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason was formed in 1899 and is based in Baltimore, Maryland.

Buy $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 OSAM

Stamford, Connecticut, United States

OSAM is a quantitative asset management firm that delivers a broad range of equity portfolios to institutional investors, individual investors, and high-net-worth clients of financial advisors. OSAM also serves as the investment advisor for a U.S. mutual fund and as a sub-advisor to a family of mutual funds in Canada. OSAM was founded in 2007 and is based in Stamford, Connecticut.

Buy -
Mergr

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