1. Notes for Advisors
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2. LPL Financial Research Franklin Templeton Tax Aware Portfolios: An Exclusive Investment Opportunity
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3. LPL Research Franklin Templeton Tax Aware Portfolios
Utilize Franklin Templeton Funds for core equity and fixed income allocations, complemented by other fund managers selected by LPL Research.
Franklin Templeton Mutual Funds
LPL Research Diligence
LPL Research Asset Allocation
LPL
Research Portfolio Construction
MWP
Franklin Templeton
Tax Aware
Employing a globally diversified allocation, the Tax Aware model’s investment objective is to allow you to retain more performance through higher yielding investments, a lower tax profile, and reduced risk. The model combines the strength of Franklin Templeton funds with the tactical portfolio allocation experience of LPL Research. These portfolios seek capital growth in excess of their respective LPL Research Investment Objective benchmarks with incrementally less volatility, an increased level of tax efficiency, and an income advantage relative to our core models.

4. LPL Research
Mission:
Provide independent and unbiased investment research
Roles:
Market and economic insights
Due diligence and asset allocation advice
Manage discretionary portfolios
Thought leadership perspectives
The LPL Research team is made up of about 50 experienced research professionals who manage more than $20 billion in assets under management.* LPL Research acts as an investment manager by providing a wide array of model portfolios across all of LPL’s centrally managed platforms.
*Estimate through 12/31/16 for assets where advisors have discretion leveraging LPL Research advice through our advisory platforms.
Numbers are estimates through 12/31/16 for assets where advisors have discretion leveraging LPL Research advice through our advisory platforms.

5. Franklin Templeton Investments
Since 1947, Franklin Templeton Investments, one of the industry’s most trusted managers among financial advisors, has helped investors pursue long term investment success1.
Global team-based approach
Leverages Franklin Templeton’s asset class expertise and long track record of collaborative research efforts.
Identify and understand risk at all levels
Affirm that risks are intended and rational part of each strategy
Verify that every risk provides potential for long-term rewards
1. As of June Per Cogent ReportsTM 2015 Advisor Brandscape® report, an online survey of 1,390 US-based financial advisors, conducted between January and March of 2016. .

6. Franklin Templeton Tax Aware Portfolios
Employing a globally diversified allocation, the Tax Aware model’s investment objective is to allow you to retain more performance through higher yielding investments, a lower tax profile, and reduced volatility. 
Key Benefits
Tax efficient capital growth potential
Manages the impact of taxes on performance returns
Potential for an increased level of income
Manages risk exposure in a rising rate environment
Tactical risk positioning
Access to institutional money management
There’s no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification and asset allocation don’t protect against market risk.

7. Franklin Templeton Tax Aware Portfolios
Franklin Templeton Core
Leverage the long-term track record and focus on what they do best
Risk Managed Capital Growth
Seek compelling opportunities while managing risk for the investor
Tactical Investment Horizon
Through the tactical expertise of LPL Financial Research, models seek to take advantage of potential market opportunities as they arise
LPL Research has a three-fold approach to the portfolio’s management construction and management.
Core: LPL Research believes that leveraging Franklin Templeton’s multiple team approach for equity and tax efficient fixed income allocations provides a robust foundation for portfolio construction.
Positioning: The Tax Aware Portfolios seek only the most compelling opportunities in the current market, but offer avenues to exploit longer-term market trends.
Horizon: Appropriate for an investor with a one- to three-year investment horizon, the Franklin Templeton Tax Aware portfolios can exploit opportunities that persist over the intermediate and long term.
If we establish that your investment strategy follows a Capital Appreciation approach, we can take a look at the Tax Aware portfolios to see if they would be an appropriate approach for your financial situation.
No strategy assures or protects against loss.
Tactical allocation may involve more frequent buying or selling of assets and will tend to generate higher transaction cost. Investors should consider the tax implications of moving positions more frequently.

8. Risks & Considerations
There is no assurance that the Franklin Templeton Tax Aware Portfolios are suitable for all investors or will yield positive outcomes. The purchase of certain securities will be required to affect some of the strategies. Investing involves risks including possible loss of principal.
Advisory accounts may not be appropriate for every client. In certain situations it may be appropriate to maintain a brokerage relationship. Amounts invested in mutual funds are subject to fluctuations in value and market risk.
The Franklin Templeton Tax Aware Portfolios are accounts that allocate your portfolio’s assets among underlying Franklin Templeton funds within ranges designed to meet your investment objective. Depending on your investment goals and objectives, your financial advisor will help you select a portfolio designed by the LPL Financial Research Department. Your financial advisor can provide you with information about the special risks that may be associated with the underlying funds. All mutual funds are subject to market risks and an investor may receive more or less than the original investment at redemption.

9. Risks & Considerations
Investment objectives are defined as: Growth with Income – Emphasis is placed on modest capital growth. Certain assets are included to generate income and reduce overall volatility. Income with Moderate Growth – Emphasis is placed on current income with some focus on moderate capital growth. Income with Capital Preservation – Emphasis is placed on current income and preventing capital loss. This is considered the lowest risk portfolio available and is generally for investors with the shortest time horizon.
The LPL Research Franklin Templeton Tax Aware Portfolios are offered through LPL Financial, Member FINRA/SIPC, and a registered investment advisor.
LPL Financial and Franklin Templeton Investments are two separate entities.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
Investors should consider the investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus, and, if available, the summary prospectus, contain this and other important information about the investment company. You can obtain a prospectus and summary prospectus from your financial representative. Read carefully before investing.

10. Thank You
Contact Information Advisor Name Here Company Name Tel: (###) ###-#### x#### Cell: (###) ###-####
This material was prepared for [insert advisor name]’s use.
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Thank client