PRESS RELEASES

Pennsylvania Trust, Now Part of Fiduciary Trust International, Voted No. 1 in Trust Administration by The Legal Intelligencer for Second Consecutive Year

08.25.2020

   

NEW YORK, NY, August 25, 2020Pennsylvania Trust, Now Part of Fiduciary Trust International, Voted No. 1 in Trust Administration by The Legal Intelligencer for Second Consecutive Year

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that The Pennsylvania Trust Company has been voted No. 1 in Trust Administration by members of the Pennsylvania legal community, as part of The Legal Intelligencer’s annual “Best Of” survey for 2020.

This is the second consecutive year that Pennsylvania Trust has been voted No. 1 in Trust Administration in The Legal Intelligencer’s survey. Pennsylvania Trust was also voted among the top three in Wealth Management for the second consecutive year in this year’s Legal Intelligencer “Best Of” survey, which gives lawyers the opportunity to share who they believe are the best providers of services to the legal community in the Greater Philadelphia area. Fiduciary Trust International finalized its acquisition of Radnor, PA-based Pennsylvania Trust on May 1, 2020.

The acquisition has given Pennsylvania Trust’s clients access to enhanced investment services and wealth management solutions—as well as to company and sector investment research from a team of global analysts. In addition, the acquisition has brought Pennsylvania Trust access to state-of-the-art financial planning and reporting, and online and mobile account management tools built and supported by Fiduciary Trust International’s parent company, Franklin Templeton. For more information, please visit https://www.fiduciarytrust.com/radnor.

“We are honored by the approval and accolades we continue to receive from our area’s legal community,” said George C. McFarland Jr., regional managing director and head of Fiduciary Trust International’s Pennsylvania region. “We have great respect for the attorneys in our region, and our relationship with them is of utmost importance as we help our clients, and their families, preserve and increase their wealth across generations. Since joining Fiduciary Trust, these relationships have only been strengthened by our ability to bring greater resources to the clients we serve.”

Pennsylvania Trust was founded in 1986 to serve as a trusted partner in helping to grow and preserve multi-generational wealth for clients. Its offering includes a suite of customized trust, estate, investment management, financial and tax planning, and tax preparation services. The 60 employees located in the Radnor office serve approximately 1,200 client relationships.

In addition to its accolades from The Legal Intelligencer, Pennsylvania Trust was named to The Philadelphia Inquirer’s annual listing of Top Workplaces in 2019.

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 $82 billion in assets under management and administration as of June 30, 2020, 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, alternatives and custom multi-asset solutions. With offices in over 30 countries and 1,300 investment professionals, the California-based company has more than 70 years of investment experience and approximately $1.4 trillion in assets under management as of July 31, 2020. For more information, please visit franklintempleton.com.



This communication is intended solely to provide general information. The information and opinions stated are as of August 25, 2020 unless otherwise noted, and may change without notice. The information and opinions do not represent a complete analysis of every material fact. Statements of fact have been obtained from sources deemed reliable, but no representation is made as to their completeness or accuracy. The opinions expressed are not intended as individual investment, tax or estate planning advice or as a recommendation of any particular security, strategy or investment product. Please consult your personal advisor to determine whether this information may be appropriate for you. This information is provided solely for insight into our general management philosophy and process. Historical performance does not guarantee future results and results may differ over future time periods.

IRS Circular 230 Notice: Pursuant to relevant U.S. Treasury regulations, we inform you that any tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. You should seek advice based on your particular circumstances from your tax advisor.

 

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