Fiduciary Trust's Thornton E. Hoelle Elected to Chair Senior Living Community's Corporate Advisory Board


New York–March 9, 2017—Fiduciary Trust Company International, a global investment manager and wholly-owned subsidiary of Franklin Resources, Inc., today announced that Thornton “Thorny” E. Hoelle, managing director, has been elected to chair the Corporate Advisory Board for East Ridge at Cutler Bay, a not-for-profit retirement community located south of the city of Miami in Miami-Dade County, Florida.

“I am thrilled to join the board, whose efforts support Floridians through all stages of life in retirement,” said Mr. Hoelle. “I look forward to representing the interests of East Ridge and helping to strengthen the high-quality services provided for its residents and the community interests that surround them.”

East Ridge at Cutler Bay’s Corporate Advisory Board is composed of local leaders and experts, offering innovative advice and dynamic perspectives regarding the business, economic, social and civic environment of the south Miami area. East Ridge leadership uses the Board’s counsel to inform strategic direction, guide quality improvement and assess organizational effectiveness in advancing East Ridge’s mission to enrich the lives of every senior the community serves.

"We are very proud of Thorny’s election to chair the advisory board of East Ridge,” said Linda Krouner, regional leader of Fiduciary Trust’s Coral Gables office. “With over four decades of experience, Thorny has established the skill set and strong connections to successfully serve the complex wealth planning needs of our regional client base. His proven business leadership will enable us to make an even greater impact in the greater Miami community.”

In his role at Fiduciary Trust, Mr. Hoelle works with individuals, families and foundations seeking investment management and fiduciary services. Prior to joining the firm in 2006, he spent 26 years at SunTrust Bank Inc. as a senior officer in retail banking, corporate banking and private client services. He began his banking career in Miami in 1971 with City National Bank after graduating from Duke University with a B.A. in management science. Mr. Hoelle earned his M.B.A. from University of Miami. He graduated, with honors, from the American Bankers Association Trust and Graduate Trust School at Northwestern University. He is an active member of the United Way Professional Advisory Council and sits on the Investment Committee at the Nicklaus Children’s Hospital (formerly known as Miami Children’s Hospital). Mr. Hoelle has been active in numerous community organizations in Miami including the American Cancer Society, South Florida Golf Foundation and Monroe County Estate Planning Council.

About Fiduciary Trust

Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With over $76 billion in assets under administration and management as of December 31, 2016, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Los Angeles, San Mateo, CA, Washington, D.C., Wilmington, DE, and London. For more information, please visit

About Franklin Resources

Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over $738 billion in assets under management as of February 28, 2017. For more information, please visit


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