Franklin Templeton launches private-market model portfolios with Corastone

Franklin Templeton launched Private Markets Model Portfolios in collaboration with Corastone. The offering uses an SMA-style, single-subscription structure to help financial advisers allocate across underlying private-market funds. Corastone supplies infrastructure for subscription processing, rebalancing and portfolio administration. Investors obtain direct exposure to the underlying funds rather than a pooled fund-of-funds vehicle.