For more than a century, the sole focus of Fiduciary Trust has been to help individuals, families, and select charitable organizations protect and grow their wealth. Based on that experience, we understand the importance of developing investment strategies that can succeed in both bull and bear markets. Many of our clients benefit from multigenerational trust relationships that only a corporate trustee can provide. Fiduciary's clients value our investment and trust experience, combined with our estate, tax and retirement planning services.
We are privately held by our employees, directors and founding families. As an independent company, we provide clients with stability and sophisticated investment advice uncompromised by the demands of Wall Street or a parent company. We have no products to sell, allowing us to make objective recommendations that help our clients meet their financial goals, and pass on their wealth with confidence.
Long-term relationships with our clients and their families are an integral part of the service we provide. The average tenure of our professionals with Fiduciary Trust is 15 years. Because of their tenure and loyalty to Fiduciary, our professionals also form very loyal and personal relationships with our clients. This level of service and commitment is rare in today's financial environment. It is also one of the main reasons we have a 98 percent client retention rate.