Fiduciary Trust Opens Office in Boca Raton, FloridaNovember 2013
NEW YORK — November 11, 2013 — Fiduciary Trust Company International, a global investment management firm serving individuals, families, endowments and foundations since 1931, has opened an office in Boca Raton, Fla. Fiduciary Trust’s parent company, Franklin Templeton Investments, has a longstanding presence in Florida, making this move representative of the firm’s natural evolution.
The new office, located at 2255 Glades Road in Boca Raton, is overseen by Gail Cohen, Vice Chairman of Fiduciary Trust Company International and Fiduciary Trust International of the South. Ms. Cohen will work closely with Teresa Weintraub, President and Chief Executive Officer of Fiduciary Trust International of the South and her Miami team. Fiduciary Trust plans to hire local personnel to expand their Boca Raton presence.
“As interest in Florida continues to increase among high-net-worth individuals due to tax advantages and real estate opportunities, it is vital for us to broaden our presence in the state in order to give clients direct, personal access to the depth and breadth of our investment and trust management services,” said Ms. Cohen. “We look forward to leveraging the resources of our Fiduciary colleagues in Miami to ensure that multiple generations of clients in Boca Raton receive the personalized guidance they need to meet their financial goals and preserve their wealth during all economic environments.”
About Fiduciary Trust Company International
Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With $43.7 billion in assets under management and administration as of September 30, 2013, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, Miami, Boca Raton, Los Angeles, San Mateo, Calif., Washington, D.C., Wilmington, Del., St. Petersburg, Fla., London and Hong Kong. For more information, please visit fiduciarytrust.com.
Fiduciary Trust Company International is 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 solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, Calif.-based company has more than 65 years of investment experience and over $844 billion in assets under management as of September 30, 2013. For more information, please visit franklintempleton.com.
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