Fiduciary Trust Celebrates 80 Years of Wealth ManagementAugust 2011
New York, July 26, 2011 - Fiduciary Trust Company International, a leading wealth management firm headquartered in New York City, is commemorating its 80th anniversary. An investment manager with trust powers, the firm was founded in 1931 by a group of families seeking stability during the early days of the Great Depression. The culture of placing clients first and understanding their need to grow and protect their wealth remains central to the firm today.
“Our business philosophy has remained consistent for 80 years - we strive to be the best possible global investment advisor for our clients,” said Henry P. Johnson, president and chief executive officer of Fiduciary Trust. “Our strong results are due to the combination of our client-centric culture, the expertise of our professionals, and our transparent approach.”
The firm’s approach continues to be valued by clients, enabling Fiduciary Trust to experience record growth in new clients and private client assets over the past three years, as well as a client retention rate of nearly 98 percent.
“Investing has become far more complex and sophisticated for affluent families and individuals in today’s environment,” added Johnson. “A strategic wealth management plan needs to go beyond the traditional investment choices of years past and consider a wide range of investment choices. Fiduciary Trust has the resources to research and tailor the appropriate mix of specialized investment strategies in a tax and transfer aware approach.”
The firm’s team of internationally recognized trust and estate planning attorneys, with an average of 20 years of experience, work hand-in-hand with client portfolio managers to develop tailored estate plans that support overall financial goals and can enhance the accumulation and after-tax transfer of wealth. The firm’s trust charter also permits the firm to act as trustee across the U.S., while non-US clients are able to receive trust services from the subsidiary in Grand Cayman.
“Client solutions need to be as unique as a fingerprint - our investment, tax and estate planning professionals work together with each client to determine the best course of action,” added Gail E. Cohen, vice chairman and general trust counsel at Fiduciary Trust. “Markets change, tax laws change, clients’ personal situations change - we constantly track what is going on so clients are in the best position to manage and benefit from these changes.”
A History of Integrated Wealth Management Backed by a Global Institution
Fiduciary Trust offers world-class capabilities in investment management, trust and estate services, custody and private banking services. The firm’s conservative, transparent and client-centric approach is well suited to any market cycle and can help assure that family needs are met well into the future. Highly personal trust and estate planning and investment management expertise combined with the strength and support of parent company, Franklin Templeton Investments, provides portfolio managers with access to global research that further supports clients’ investment strategies.
Fiduciary Trust Company International has served individuals, families, endowments and foundations since 1931. The firm and its subsidiaries maintain offices in New York, Miami, Sarasota, St. Petersburg, Los Angeles, San Mateo, Washington, D.C., Wilmington, London, Hong Kong and Grand Cayman. 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, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $734 billion in assets under management as of June 30, 2011. For more information, please visit franklintempleton.com
Fiduciary Trust's new capabilities brochure provides you with a comprehesive overview of our breadth and depth of wealth management services, our investment management philosophy and approach, and our firm's history and heritage.
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