SOURCE: Franklin Templeton

Franklin Templeton

August 11, 2015 10:00 ET

Franklin Templeton Expands Retirement Solutions Portfolio Management Team

James Macey Joins as Co-Lead on Franklin Allocation Funds and Franklin LifeSmart™ Retirement Target Funds

SAN MATEO, CA--(Marketwired - Aug 11, 2015) - Franklin Templeton Investments today announced that James Macey, CFA1, has joined the Franklin Templeton Solutions team in a new role as a senior vice president and portfolio manager with a focus on retirement solutions.

Macey has been named a co-lead portfolio manager for the US retail Franklin Allocation Funds and Franklin LifeSmart Retirement Target Funds. He joins current co-lead managers Tom Nelson, CFA1, senior vice president, director of investment solutions, and Tony Coffey, CFA1, senior vice president, on the management team for these funds.

"According to Franklin Templeton's 2015 Retirement Income Strategies and Expectations (RISE) Survey2, 52 percent of people are concerned about managing their retirement income to meet their retirement expenses. We believe six years on from the financial crisis, investors are becoming more dedicated to the idea of having an asset allocation strategy that can help them meet their own financial goals and help them navigate future market shocks," said Rick Frisbie, executive vice president, head of Franklin Templeton Solutions. "Bringing on an experienced retirement solutions portfolio manager like James Macey is part of our overall effort to expand Franklin Templeton Solutions' capabilities and continue to grow a strong team that hopefully can help retirees meet their long-term investment outcomes."

With 15 years of investment industry experience, Macey was previously at Allianz Global Investors where he was a co-lead manager for their target-date and retirement income portfolios and a portfolio manager for their multi-asset US mutual funds -- including target-risk, multi-asset real return and 529 college-savings plan funds. He also led the manager research and due diligence process for their multi-asset US team.

"We are continually assessing our product set and approach so that we can provide simple, practical solutions to a changing retirement landscape," said Yaqub Ahmed, head of Investment-Only Division-US, for Franklin Templeton Investments. "With this hire, we are aiming to build on the great strides we have made in terms of designing strategies that seek to help investors meet their specific objectives across the retirement spectrum -- whether it is millennials who are just starting out on their retirement journey with target-date funds or plan participants who are transitioning to retirement and planning for what's next with potential retirement income solutions."

Macey holds an honors MSci degree in astrophysics from University College London. He is a holder of the Chartered Financial Analyst®1, Chartered Alternative Investment Analyst® and Professional Risk Manager® designations.

The investment risk of each of the Franklin LifeSmart Retirement Target Funds changes over time as its asset allocation changes. For each of the Franklin Allocation Funds, the level of investment risk is managed to its targeted risk profile. For purposes of the following discussion, "Fund" means each of the Franklin LifeSmart Retirement Target Funds and Franklin Allocation Funds and/or one or more of the underlying funds in which the Fund invests. The Fund's ability to achieve its investment goal depends upon the investment manager's skill in determining the Fund's broad asset allocation mix and selecting underlying funds. There is the possibility that the investment manager's evaluations and assumptions regarding asset classes and underlying funds will not successfully achieve the Fund's investment goal in view of actual market trends. Since the Fund invests in underlying funds, which may engage in a variety of investment strategies involving certain risks, the Fund is subject to those same risks. The Fund's investment in ETFs may subject the Fund to additional risks than if the Fund would have invested directly in the ETFs' underlying securities. All investments involve risks, including possible loss of principal. Principal invested is not guaranteed at any time, including at or after the Fund's retirement target date; nor is there any guarantee that the Fund will provide sufficient income at or through the investor's retirement. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the Fund adjust to a rise in interest rates, the Fund's share price may decline. Foreign investing carries additional risks such as currency and market volatility and political or social instability, risks which are heightened in developing countries. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio which may result in significant volatility and cause the Fund to participate in losses (as well as gains) in an amount that exceeds the Fund's initial investment. These risks are described more fully in, and additional risks are described in, the Fund's prospectus. Investors should consult their financial advisor for help selecting the appropriate fund of funds, or fund combination, based on an evaluation of their investment objectives, retirement time horizons and risk tolerance.

Investors should carefully consider a fund's investment goals, risks, charges and expenses before investing. To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial advisor, call us at (800) DIAL BEN /(800)342-5236 or visit franklintempleton.com. Please carefully read a prospectus before you invest or send money.

About Franklin LifeSmart Retirement Target Funds
Franklin LifeSmart Retirement Target Funds combine the simplicity of asset allocation and risk management with active, flexible portfolio management. The funds' managers continuously evaluate each fund's strategic allocation and have the flexibility to make tactical adjustments to seek the highest level of long-term total return consistent with its asset allocation strategy. This risk-focused approach to portfolio management enables the investment team to identify short-term market opportunities and dislocations and to implement tactical shifts between asset classes based on the assessment of the most significant risks and opportunities identified in the market. The funds' assets are allocated among the broad asset classes of equity, fixed-income and alternative investments by investing predominantly in other Franklin Templeton mutual funds, based on each underlying fund's predominant asset class and strategy.

About Franklin Allocation Funds
Franklin Allocation Funds seek to provide the highest level of long-term total returns consistent with their respective acceptable levels of risk. Designed for investors looking for a managed solution that fits their risk preference, the funds offer three investments managed to distinct risk profiles. Managed by the Franklin Templeton Solutions team, the funds can help diversify your portfolio in a single investment, providing you with a simple way to help achieve your long-term investment goals.

About Franklin Templeton Solutions
As an integrated global investment platform, Franklin Templeton Solutions leverages the insights and investment strategies from Franklin Templeton's various investment management groups and employs both strategic and tactical asset allocation to seek to create diversified outcome-oriented portfolios focused on risk-adjusted performance and tailored to client needs. Franklin Templeton Solutions has more than 25 years of experience managing multi-asset and multi-style portfolios, including retirement target and global asset allocation strategies, with over $42 billion in assets under management as of June 30, 2015.

About Franklin Templeton Investments
Franklin Templeton Investments is a leader in retirement investing, managing over $200 billion3 in retirement assets on behalf of individuals, small businesses and institutions. Since 1947, Franklin Templeton has helped people build their retirement nest eggs. Visit Franklin Templeton's Retirement Center at franklintempleton.com/retirement, which includes resources for financial advisors serving employers and plan sponsors as well as individual investors.

The funds' principal underwriter is Franklin Templeton Distributors, Inc., a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the Company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The Company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and US$854.7 billion as of July 31, 2015. For more information, please visit franklintempleton.com.

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1 CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

2 The Franklin Templeton Retirement Income Strategies and Expectations (RISE) survey was conducted online among a sample of 2,002 adults comprising 1,001 men and 1,001 women 18 years of age or older. The survey was administered between January 8-22, 2015 by ORC International's Online CARAVAN®.

3 As of June 30, 2015.

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Contact Information

  • Franklin Templeton Investments
    Corporate Communications:
    Craig Allen
    (212) 632-4238
    Stacey Coleman
    (650) 525-7458
    franklintempleton.com