BOSTON – June 26, 2018 – Fiduciary Trust Company, a private wealth management firm serving individuals, professional advisors and nonprofits, was named as a finalist in the 2018 WealthManagement.com awards. Fiduciary Trust has been designated as one of two finalists in the Custody Award category for Corporate Social Responsibility/Diversity Initiatives. The award winner will be announced on September 13 in New York at the WealthManagement.com Industry Awards Event.
The Corporate Social Responsibility/Diversity Initiatives category recognizes new initiatives that enhance the industry’s image, give back to the community, improve society, and promote diversity. Criteria includes both quantitative and qualitative measures, and the finalists are determined by an independent panel of judges. In naming the finalists, WealthManagment.com cited Fiduciary Trust’s partnership with Fiduciary Trust Charitable, a 501(c)(3) public charity, to launch a donor-advised fund offering available through approved financial advisors across the industry.
“We’ve taken the personal service and flexibility of our custody offering and applied it to donor-advised funds,” comments Scott Sumner, Vice President, Head of Custody for Fiduciary Trust Company. “Philanthropy is important to many high-net-worth families and their advisors, and we are delighted to partner with Fiduciary Trust Charitable to create a compelling advisor-managed donor-advised fund program in this underserved market.”
“Our donor-advised funds enable donors to benefit from tailored investments, philanthropic guidance and personal service, typically through their existing financial advisor,” notes Todd Eckler, Executive Director of Fiduciary Trust Charitable. “They also receive the general tax and flexibility benefits of donor-advised funds, and a $50,000 new account opening balance requirement which is significantly lower than most advisor-managed programs.”
For more information on Fiduciary Trust Company’s custody, donor-advised funds, directed trustee and lending programs for professional advisors, contact Scott Sumner at 617-574-3426 or firstname.lastname@example.org.
About Fiduciary Trust Company
Fiduciary Trust is a privately-owned wealth management firm focused on individuals, professional advisors, family offices and nonprofits. Fiduciary Trust’s capabilities include customized wealth planning, investment management, trust and estate services, and family office, tax and custody services.
Fiduciary Trust has been named “Best Independent Trust Company” by Family Wealth Report and affiliate Fiduciary Trust of New England has been recognized as a “Best Advisor-Friendly Trust Company” by Wealth Advisor.
Founded in 1885 as a family office, Fiduciary Trust 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% annual client retention rate for over a decade.
About Fiduciary Trust Charitable
Established in 1990, Fiduciary Trust Charitable is an independent, 501(c)(3) public charity offering donor-advised funds and related services to high-net-worth donors. The organization partners with independent financial advisors who manage assets for each donor, taking into account donor recommendations and Fiduciary Trust Charitable’s investment policy. This enables a more customized investment management approach and personalized service relative to many other donor-advised fund programs. The organization will soon offer private label and co-branded donor-advised fund programs for other public charities as well.
Emily Stoermer, 617-391-0801