Franklin Templeton Investments selected Morningstar ClearFuture to provide online investment advice to institutional clients of Franklin Templeton’s record-keeping and defined contribution plan services. ClearFuture provides specific investment advice by creating diversified portfolios using the investment options available in the participant’s 401(k) plan.
Also, Harry Marmer will join the Canadian operations of Franklin Templeton Investments as senior vice president of institutional services, a new position. He will head institutional sales. Franklin Templeton manages about C$10 billion (US$6.4 billion) for Canadian institutional investors. Mr. Marmer was director of institutional investment at Frank Russell’s Canadian unit; where he will not be replaced, said Chris Phillips, Frank Russell spokesman.
