Fiduciary Trust International Celebrates 90 Years of Delivering Peace of Mind by Simplifying Complex Financial Lives
June 03 2021 - 9:29AM
Business Wire
Fiduciary Trust International, a global wealth manager and
wholly-owned subsidiary of Franklin Templeton, proudly commemorates
the 90th anniversary of its founding. Since its establishment in
1931 by families for families, the firm has worked closely with
individuals, families, and institutions to build and manage
personalized investment portfolios, and develop estate plans that
extend wealth to future generations.
“While a great deal has changed across the country, and the
world, over the past 90 years, the extraordinary accessibility,
transparency, and loyalty that define our client relationships have
not,” said John M. Dowd, chief executive officer of Fiduciary Trust
International. “As we look back on our nine decades of dedication
to bringing financial peace of mind to clients and their families,
our ongoing investment in resources, reach, innovation, and people
places us in a very strong position to continue simplifying the
complex financial lives of those we have the privilege to
serve.”
Fiduciary Trust International remains focused on leveraging
innovative technology to strengthen relationships, and the overall
wealth management experience for clients. The firm will continue
rolling out wealth planning tools designed to give clients a clear
view of their current financial health, and the pathway leading to
long-term success.
“It’s imperative to have sound investment advice to be able to
navigate the multitude of factors impacting investors today—such as
ever-changing tax regulations at home and abroad, and shifting
personal and professional priorities in light of COVID-19,” said
Jenny Johnson, chief executive officer of Franklin Templeton. “Just
as we have done throughout our history, Fiduciary Trust
International will draw on expertise and experience to stay one
step ahead of these trends with the goal of delivering maximum
benefit to clients and their families.”
Fiduciary Trust International officially opened its doors on
June 3, 1931 on the 30th floor of One Wall Street in New York City.
Although the Great Depression weighed heavily on the American
economy, the firm had attracted clients in 30 states and 12
countries by the end of 1935, solidifying its position as a new
leader in wealth management. Fiduciary Trust International has
accumulated many noteworthy achievements in the decades since,
including:
- Becoming one of the early adopters of computer systems, having
put its first computer system—providing portfolio managers with
daily account summaries and allowing the firm to keep up with
growing demand for its services—into operation in 1959.
- Opening its first international office in London to provide
research on non-US companies and a wholly-owned subsidiary in
Geneva in the 1960s, when assets under management reached $1
billion.
- Being named one of three advisors to the United Nations Joint
Staff Pension Fund, in recognition of Fiduciary Trust
International’s strong cross-border capabilities, in 1996.
- Appointing Anne Tatlock as CEO in 1999, at a time when there
were only a few women CEOs.
- Becoming a wholly-owned subsidiary of Franklin Templeton, one
of the largest global investment managers, in April 2001.
To learn more about the world-class investment management,
wealth advisory, and trust and estate administration service
offering which Fiduciary Trust International has built during its
first 90 years, please visit https://www.fiduciarytrust.com.
About Fiduciary Trust International
Fiduciary Trust International, a global wealth management firm
headquartered in New York, NY, has served individuals, families,
endowments and foundations since 1931. With over $94 billion in
assets under management and administration as of March 31, 2021,
the firm specializes in strategic wealth planning, investment
management and trust and estate services, as well as tax and
custody services. The New York-based firm and its subsidiaries
maintain offices in Coral Gables, FL, Boca Raton, FL, St.
Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San
Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, and
Arlington, VA. For more information, please visit
fiduciarytrust.com, and for the latest updates, follow Fiduciary
Trust International on LinkedIn and Twitter: @FiduciaryTrust.
About Franklin Templeton
Franklin Resources, Inc. [NYSE: BEN], is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 165 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company brings extensive capabilities in equity, fixed income,
multi-asset solutions and alternatives. With offices in more than
30 countries and approximately 1,300 investment professionals, the
California-based company has over 70 years of investment experience
and approximately $1.4 trillion in assets under management as of
April 30, 2021. For more information, please visit
franklintempleton.com and follow us on LinkedIn, Twitter and
Facebook.
Copyright © 2021. Fiduciary Trust International. All rights
reserved.
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Rebecca Radosevich: 212-632-3207
rebecca.radosevich@franklintempleton.com Victoria Castelbuono:
973-590-9314 vcastelbuono@jconnelly.com
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