BOSTON – February 16, 2017 – Fiduciary Trust Company, a private wealth management firm serving high-net-worth families, nonprofits, advisors and family offices, was honored at the 2017 Private Asset Management (PAM) Awards held on February 13 in New York City. Fiduciary Trust, shortlisted in three categories, was recognized with the “Best Trustee Service” award at the ceremony.
The PAM Awards, held annually by Private Asset Management Magazine, aims to recognize top professionals, wealth advisors, legal firms, and other key service providers in the private asset management industry, serving high-net-worth individuals and family offices. This is the second year in a row that Fiduciary Trust has been named as a finalist in the category. The firm was also shortlisted this year in the categories for Best Private Wealth Manager (with AUM over $5 billion) and Best Private Wealth Manager – Client Service (with AUM over $5 billion).
“We are thrilled to receive the award for Best Trustee Service, which reflects our attention and focus on providing highly personalized service coupled with a genuine commitment to act in our clients’ best interests,” said Fiduciary Trust President & CEO Austin V. Shapard. “This approach has enabled our continued success, which is reflected in the firm’s sustained 98% annual client retention rate.”
This recognition represents the latest honor for Fiduciary Trust and its management team. Since the beginning of 2017, Fiduciary Trust has been included on Advisory HQ’s list of “Top 10 Financial Advisors” and affiliate Fiduciary Trust of New England (FTCNE) has been named among Trust Advisor’s list of “Best Advisor-Friendly” trust companies. In this month’s Boston Magazine, Jody King, vice president and director of client services, and Thanda Brassard, general counsel of FTCNE, were also recognized with the “Five Star Professional” designation.
Fiduciary Trust is a finalist for six additional awards, the winners of which will be announced over the next two months.
“In addition to high-touch service, our clients also appreciate knowing that they are supported by experts in planning, investment management, trust, tax and other areas,” commented Todd Eckler, Chief Marketing Officer, who accepted the PAM award on behalf of Fiduciary Trust.
About Fiduciary Trust Company
Fiduciary Trust specializes in investment management, estate and financial planning, trust, and custody services for high-net-worth families, charitable organizations, family offices and advisors. As an independent company with a 130-year history and $11 billion in assets under supervision, Fiduciary Trust provides clients with stability, sophisticated investment advice and personal service, uncompromised by the demands of Wall Street or a parent company.
Hayley Reissfelder, 617-391-0764