At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

Come join us in delivering better outcomes for our clients around the world!

Department Title: Undergrad Intern – Franklin Templeton Investment Solutions (FTIS) with the U.S. Advisory Portfolio Management team

Location: The intern candidate must be able to commute into the San Mateo, CA office on a Hybrid basis each week.  

Position Summary: 

The U.S. Advisory Portfolio Management team within FTIS, builds and manages multi-asset solutions for institutional programs and clients. The U.S. Advisory Portfolio Management team manages over $30bn in institutional portfolios with various risk and return objectives. We manage target risk funds, target date retirement funds, 529 programs, insurance platform portfolios and model portfolios.

Our team builds portfolios with products from the public and private markets teams within Franklin Templeton (and from outside firms) to build portfolio solutions for our clients. We sit at the center of Franklin Templeton and build portfolios using other teams’ products along with our FTIS Systematic factor based quantitative strategies. And we invest in both quantitative and qualitative investment products.

FTIS is the fastest growing team within Franklin Templeton and prioritizes innovative strategies towards our product offerings.

This role will give an intern direct exposure to the many dynamics of managing large and complex multi-asset institutional portfolios

Team Culture:

Our team uniquely attracts folks who are both qualitative and quantitative thinkers. We look at the world around us to assess the investment environment through trends in the economy, politics, and geopolitics. We are a close-knit team who enjoy discussing the economy and markets and who also believe in mentoring and teaching interns and associates.

An FTIS U.S. Advisory Portfolio Management Intern can expect to learn:

• Impact of macro-economic environment and market technical trends on portfolio positioning and performance.
• How to build portfolios starting with a strategic asset allocation, then adding a tactical asset allocation and then implementation into portfolio holdings.
• An understanding of how to use multiple asset classes to construct optimal risk/reward profiles using mutual fund and ETF holdings across different asset classes, geographies, sectors and style exposures.
• Use of different types of software and analytical tools to better understand past and future portfolio exposures and risks.
• Learn how to utilize active mutual funds, passive ETFs, systematic/quantitative factor-based funds and ETFs within multi-asset portfolios.
• How liquid and private alternatives are being used in multi-asset liquid portfolios.
• How to use futures to adjust portfolio exposure without impacting underlying held positions.

Key Responsibilities Can Include:

• Researching potential changes within multi-asset institutional equity, fixed income and liquid alternative portfolio holdings (in fund of fund/ETF portfolios).
• Ongoing analysis to integrate private alternatives into fund of fund portfolios.
• Using MosaiQ (FTIS internal investment platform) for portfolio management tasks and portfolio analysis.
• Using the MosaiQ Portfolio Dashboard for assessing any inconsistencies in portfolio holdings across different portfolio suites.
• Assistance with continued effort to streamline Model holdings (reduce holdings per portfolio).
• Inclusion in all research, PM and client meetings.

Ideal Qualifications:

• Understanding of investing risk versus reward tradeoffs.
• Interest in the investment characteristics of equities, fixed income and liquid alternatives.
• Interest and knowledge in macroeconomics and the current economic environment.
• Interest in the impact of economic, political, geopolitical trends on markets and the investment environment.
• Excellent interpersonal skills and presentation skills.
• Some knowledge of python and mastery of excel.
• Ability to quickly learn and utilize FTIS investment technology platform.

Ready to make moves? Apply today!

When applying, please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.

Due to the large volume of applications anticipated, we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship, please apply for other internships that pique your interest.

Compensation Range: This is a full-time internship where students will work approximately 37.5 hours per week and earn competitive hourly pay of $37 - $47 USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. 

What makes Franklin Templeton unique?

We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture, and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com . In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.

Experience our welcoming culture and reach your professional and personal potential!

Salary : $37 - $47