Fiduciary Trust Company
| Industry | Financial services |
|---|---|
| Founded | 1885 |
| Founder | Robert H. Gardiner |
| Headquarters | , |
Key people | Austin V. Shapard (CEO) |
| Products | Wealth management |
| Website | www |
Fiduciary Trust Company is a private wealth management firm headquartered in Boston, Mass United States. It serves high-net-worth families, individuals and nonprofits, as well as professional financial advisors and family offices. The firm provides customized wealth management, investment management, and trust and estate settlement services, as well as family office, tax, and custody services.[citation needed]
As of 1 June 2017[update], Fiduciary Trust had approximately $12.2 billion in assets under supervision [1][2] The firm is ranked fifth on the Boston Business Journal’s 2017 list of the largest independent investment advisors in Massachusetts.[1] Fiduciary Trust Company is not affiliated with the similarly named Fiduciary Trust Company International, which is a wholly owned subsidiary of Franklin Templeton Investments.[3]
History[edit]
Fiduciary Trust Company was founded in 1885 as a family office, and incorporated as a trust bank in 1928 by Robert H. Gardiner.[4]
By 2017, the firm’s parent company, Fiduciary Company, Inc. (FCI), was an independent firm owned by current and former employees, directors and clients. FCI and Fiduciary Trust Company have identical boards of directors. In 2014, the company established the affiliated Fiduciary Trust Company of New England, based in Manchester, New Hampshire.[citation needed]
Fiduciary Trust Company is headquartered at Exchange Place, at 53 State Street, Boston, Massachusetts.
Management[edit]
Austin V. Shapard has been President and CEO of Fiduciary Trust since 2014.[5] He is the eighth president of the company. His predecessors include: Douglas Smith-Peterson, Daniel Phillips, Gilman Nichols, Edward Osgood, and Robert Gardiner.[6][7]
References[edit]
- ^ a b McFadden, Sean (July 14, 2017). "Largest Independent Investment Advisors in Massachusetts". Boston Business Journal.
- ^ "About". Fiduciary Trust Company.
- ^ "2017 Reader Rankings". Massachusetts Lawyers Weekly. August 18, 2017.
- ^ "History". Fiduciary Trust Company.
- ^ Ryan, Greg (January 8, 2016). "Executive Profile: Fiduciary Trust's Austin Shapard sees shops uniqueness as its greatest asset". Boston Business Journal.
- ^ "Executive Changes". The New York Times. February 11, 1982.
- ^ "Robert Gardiner Dead; Civic Leader in Boston". The New York Times. November 20, 1984.