Franklin Templeton is launching Franklin Managed Options Strategies after acquiring volScout, an early-stage managed options strategies firm.
Terms of the deal, which closed on April 28, are not being disclosed, said Rebecca Radosevich, Franklin Templeton spokeswoman, in an email.
volScout has been offering managed options strategies to financial advisers serving wealth management and institutional clients, and in acquiring the business and founding Franklin Managed Options Strategies, Franklin Templeton will offer the strategies as separate accounts within its product solutions division.
"Managed options strategies are a highly complementary addition to Franklin Templeton's expanding menu of custom solutions, which advisors increasingly require to address the sophisticated needs of their clients," said Roger Paradiso, head of product solutions for Franklin Templeton, in an email.
Brad Berggren and Jon Orseck, managing partners and founding partners at volScout, will be co-chief investment officers at Franklin Managed Options Strategies and will report to Mr. Paradiso.
According to the news release, Franklin MOST's strategies will "offer rules-based option selection based on volatility and maturity, real-time risk management and systematic market-linked portfolio rebalancing."
As of March 31, Franklin Templeton had about $1.4 trillion in assets under management.
