Strategic expansion, advisor partnerships, and New Hampshire trust expertise fuel sustained growth.
MANCHESTER, NH – March 30, 2026 – Fiduciary Trust of New England (FTNE) has surpassed $10 billion in assets under supervision (AUS), reinforcing its position as the premier New Hampshire-chartered personal trust company and underscoring the increasingly important benefits the Granite State offers for families with assets to protect or a desire to pass wealth to future generations.
FTNE combines the 140-year heritage and expertise of its Massachusetts affiliate, Fiduciary Trust Company (FTC), with New Hampshire’s favorable trust laws to serve clients’ wealth management and trust needs, in many cases in partnership with third party financial advisors.
New Hampshire has proven to be a leader in trust laws, including no state capital gains or income tax on irrevocable trusts that meet certain criteria, asset protection, trust modification, and perpetual trusts. It also permits directed and delegated trusts, allowing for the bifurcation of administrative and investment activities between the trustee and a third-party investment advisor. As a result of the Granite State’s progressive trust laws, there are over $2 trillion in assets administered by New Hampshire-chartered trust companies. 1
Since launching the New Hampshire trust business in 2014, FTNE has experienced substantial growth driven by increasing demand for flexible, advisor-friendly trust solutions. The firm is distinguished by its personal service and expert trust and estates legal team, which is experienced in handling basic trust needs as well as sophisticated trusts involving a wide range of asset types. It has also been recognized for industry excellence, including being named a Most Advisor-Friendly Trust Company by Wealth Advisor for over a decade.
“Surpassing $10 billion AUS is a meaningful validation of the trust our clients and partners place in us,” said Michael Costa, President and CEO of Fiduciary Trust of New England. “Our continued investments in talent and capabilities have positioned FTNE to deliver best-in-class trust solutions to clients for years to come.”
Austin Shapard, President and CEO of Fiduciary Trust Company, added, “FTNE’s growth mirrors the increasing importance of trusted fiduciary partnerships in the wealth management landscape. By combining New Hampshire’s favorable trust laws with FTC’s longstanding fiduciary heritage, the firm is uniquely positioned to support advisors and families navigating complex, multigenerational planning needs.”
About Fiduciary Trust of New England
Fiduciary Trust of New England is a New Hampshire-chartered trust company. The firm combines the 140 years of experience of its affiliate, Fiduciary Trust Company, with the favorable trust and tax laws of New Hampshire. FTNE’s capabilities include customized wealth planning, investment management, trust and estate services, and family office services. FTNE has been named a “Best Trust Company” and a “Most Advisor-Friendly Trust Company” by Wealth Advisor.
For information about FTNE’s services, please contact Michael Costa at 603-495-4320 or costa@fiduciary-trust.com or visit FTNewEngland.com
About Fiduciary Trust Company
Fiduciary Trust Company is a private wealth management firm focused on families, individuals and nonprofits seeking objective advice to help grow and protect their investments. The firm also provides a range of services to professional financial advisors and single-family offices. Fiduciary’s capabilities include customized wealth planning, investment management, trustee and estate services, and family office, tax and custody services.
Founded in 1885 as a family office, Fiduciary takes a personal approach based on expertise, strong performance and a genuine commitment to act in its clients’ best interests. The firm’s client focus has enabled it to achieve a 98% average annual client retention rate.
1 As of June 30, 2025, according to the Annual Report of the Commissioner, New Hampshire Banking Department
Contacts
Fiduciary Trust Company
Todd Eckler, Chief Marketing Officer
617-574-3425
eckler@fiduciary-trust.com