Fiduciary Trust International Continues Expansion in South Florida, Opening New Office in West Palm Beach
26 Outubro 2023 - 10:15AM
Business Wire
Clients in West Palm Beach Receive Greater
Access to Organization’s Regional Team and Capabilities
Fiduciary Trust International, a global wealth manager and
wholly-owned subsidiary of Franklin Templeton, has established a
new office in South Florida, located at 360 S. Rosemary Ave. in
West Palm Beach. The 10,439-square-foot office will provide
high-net-worth clients in West Palm Beach with local access to the
organization’s customized investment and wealth management
offering, including access to leading alternative investment
managers, family office services, trust and estate management, and
sustainable investing expertise and capabilities.
“South Florida is a region of growing importance to not only our
firm, but also the financial services industry as a whole, given
the increasing number of transplants from across the United States
and the world,” said Todd Stoller, regional managing director and
senior portfolio manager at Fiduciary Trust International
responsible for the West Palm Beach and Boca Raton offices. “We are
proud of our longstanding presence in South Florida, and we
continue to expand to provide high-net-worth families, foundations,
and endowments here with personalized plans, services, and
solutions they need to preserve and grow their wealth across
multiple generations.”
West Palm Beach is fast becoming known as “Wall Street South”—so
much so that the Business Development Board of Palm Beach County
sponsored three billboards in New York City bearing the moniker,
which debuted in August 2023. The new office towers in downtown
West Palm Beach, including the 360 Rosemary where Fiduciary Trust
International’s new outpost is located, have attracted
approximately 100 financial services companies from New York since
2019, according to Palm Beach County’s Business Development
Board.
“We have been deeply ingrained in the South Florida community
for decades, and the financial services industry’s expansion in
this region is vital for the local economy,” said Gene Todd,
executive vice president and head of regional markets at Fiduciary
Trust International. “Our focus remains on the seamless delivery of
financial peace of mind to clients and their families, and our new
office in West Palm Beach will help us bring our expertise and
customized offering to more people in this area.”
Fiduciary Trust International also maintains South Florida
offices in Boca Raton, Coral Gables, and Fort Lauderdale. Firm
veteran William Y. Yun, CFA rejoined in October 2022 to focus on
driving growth in South Florida. The company is well-respected in
the region, with Gail E. Cohen, chair of its board of directors and
general trust counsel as well as chair of Fiduciary Trust
International of the South, having been recognized by the South
Florida Business Journal as one of the publication’s “Influential
Business Women” in 2020.
The firm has experienced steady growth in South Florida in
recent years. Robert W. Murphy came aboard as a Boca Raton-based
wealth director in September 2022, and Sam Fraenkel started as a
wealth director in the Coral Gables office in August 2022.
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 June 30, 2023, 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, Fort
Lauderdale, FL, West Palm Beach, FL, St. Petersburg, FL, Radnor,
PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, CA,
Washington, DC, Wilmington, DE, Reston, VA, and Atlanta, GA. For
more information, please visit fiduciarytrust.com, and for the
latest updates, follow Fiduciary Trust International on LinkedIn
and X: @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 150 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 offers specialization on a global scale, bringing
extensive capabilities in fixed income, equity, alternatives and
multi-asset solutions. With more than 1,300 investment
professionals, and offices in major financial markets around the
world, the California-based company has over 75 years of investment
experience and approximately $1.4 trillion in assets under
management as of September 30, 2023. For more information, please
visit franklintempleton.com and follow us on LinkedIn, X and
Facebook.
Copyright © 2023. Fiduciary Trust International. All rights
reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20231026324717/en/
Rebecca Radosevich: 212-632-3207
rebecca.radosevich@franklintempleton.com
Laura Simpson: 973-713-8834 ft@jconnelly.com
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