Continuing a legacy of trust and innovation: A conversation with CEO Adam Spector

1. You’ve been part of the Franklin Templeton organization for some time, most recently as Head of Global Advisory Services. What excites you most about stepping into the CEO role at Fiduciary Trust International?

It’s inspiring to lead a firm with nearly a century of excellence behind it—one built on deep relationships, exceptional client service and a steadfast commitment to putting clients first.

I’m stepping into a culture that values collaboration and provides a broad range of in-house expertise. Beyond investment management, our teams offer tax, trust and estate planning, philanthropic guidance and financial planning—allowing us to serve clients holistically. With the financial strength and long-term ownership structure of Franklin Templeton behind us, we have the resources to continually reinvest in our people, technology and capabilities, helping us stay ahead of client needs and at the forefront of the broader industry.

In my previous global role, I worked with colleagues and clients in more than 35 countries. What I’ve learned is that clients everywhere share the same desire: they want a trusted advisor who listens, challenges them thoughtfully and always acts in their best interests. That shared truth guides how I lead—and how our firm serves.

2. Fiduciary Trust International has achieved a 98% client asset retention rate¹, reflecting the strength of client relationships across generations. What do you think drives that loyalty, and how does the firm continue to earn clients’ trust across generations?

Our clients want one thing above all—a relationship built on trust. They often turn to us at pivotal moments: after the loss of a loved one, ahead of a major life decision, such as selling a business, or when preparing the next generation for stewardship. At those times, there’s nothing more valuable than a partner who combines expertise with empathy.

We’ve built teams that integrate investment, trust and tax professionals so clients receive cohesive, coordinated advice. Increasingly, we’re also focusing on next-generation education—helping younger family members develop the knowledge and confidence to carry their legacies forward. After 95 years, our approach has remained consistent: put clients first, act with integrity and deliver excellence in every interaction. When we take care of our clients, the business takes care of itself.

3. Looking to the future, how would you describe your vision for Fiduciary Trust International’s next chapter?

I don’t think in “chapters,” because that implies an ending. Fiduciary Trust’s story is one of continuity and evolution. We build upon our history while constantly innovating—introducing new technologies, adapting to changing tax laws and economic conditions and never losing sight of our fiduciary principles.

Technology is allowing us to deliver institutional-level sophistication to more clients than ever before—whether through tax-loss harvesting, portfolio customization or increased access to private market opportunities that were once reserved for the largest portfolios. We’re also investing in digital platforms that improve collaboration and transparency, so clients have access to up-to-date information and insight.

Our goal is simple: to combine enduring trust with forward-looking innovation that helps clients thrive through change.

4. As CEO, what principles or values will shape your leadership and decision-making style?

Trust is the cornerstone of everything we do. Financial decisions are inherently emotional decisions, and people need a partner who approaches those decisions with honesty, empathy and exceptional skill.

My leadership philosophy is grounded in integrity, impartiality and collaboration. I believe in empowering talented professionals to do their best work—because when our team thrives, our clients benefit directly. I also place a high value on intellectual curiosity. The world our clients navigate is constantly evolving, and curiosity drives us to keep learning—to ask better questions, challenge assumptions, and explore new ways to solve complex problems. It’s what keeps our advice relevant and our culture dynamic.

5. If you were advising a high-net-worth or ultra-high-net-worth individual on selecting a wealth management firm, what would you tell them to look for above all else?

Start with trust. Choose a firm that will put your interests ahead of its own and that has the experience, stability and people to serve your family for generations to come. A firm that measures success by client outcomes, not short-term gains.

At Fiduciary Trust International, our advisors operate as fiduciaries, not product salespeople. We design strategies tailored entirely to each client’s goals. Continuity also matters—especially for multi-generational families. We’re proud to have client relationships that span four generations, a testament to the consistency, care, and shared values that define our firm.

6. As you look ahead, what do you hope clients will say about their experience with Fiduciary Trust International under your leadership?

I hope they’ll say, “They’ve done good by me.”

That sentiment will mean something different to every client—and that’s by design. Our work is deeply personal. No two clients are alike, and no two solutions should be either. Ultimately, I want clients to feel seen, understood and confident that every decision we make is designed to help them live the lives they envision.

7. Outside of work, how do you like to spend your time or recharge?

Being outdoors is my happy place. If you’re looking for me outside the office, there’s a good chance I’m in the mountains of Utah—skiing in the winter and hiking, biking, fishing or golfing the rest of the year. Time in nature gives me perspective and reminds me that the best outcomes—on the slopes or in business—come from preparation, patience and balance.

8. Fiduciary Trust International’s relationship with Franklin Templeton offers clients both boutique attention and global strength. How do you see that partnership supporting clients in new and meaningful ways?

Fiduciary Trust International is a boutique wealth manager backed by a Fortune 500 organization—and that combination is incredibly powerful.

Our clients benefit from the personal, high-touch experience of a specialized firm, while also having access to Franklin Templeton’s extensive research network, advanced technology, and access and a broader range of sophisticated investment opportunities—backed by the financial strength and stability of a global organization. Together, we’re investing heavily in innovation, including AI-driven insights and blockchain-based systems that can enhance efficiency and help safeguard client data.

Fiduciary Trust International and Franklin Templeton share a long-term perspective that prioritizes client success over short-term gains. That alignment allows both organizations to stay focused on what matters most – delivering enduring value, preserving client wealth, and ensuring families thrive across generations.

 

 

 

1. Five-year average client retention rate as of 9/30/2025