Fiduciary Trust Company
| Company type | Private |
|---|---|
| Industry | Wealth management |
| Founded | 1885 |
| Founder | Robert H. Gardiner |
| Headquarters | Boston , United States |
Area served | Affluent families, individual clients, nonprofits, financial advisors, family offices |
Key people | Austin V. Shapard (President and CEO) |
| Products | Wealth management, investment oversight, trust and estate administration, family office solutions, tax advisory, custody |
| Parent | Fiduciary Company, Inc. (FCI) |
Fiduciary Trust Company is a privately held wealth management organization headquartered in Boston, Massachusetts. It caters to affluent families, individual clients, nonprofits, financial advisors, and family offices by providing tailored services in wealth management, investment oversight, trust and estate administration, family office solutions, tax advisory, and custody.
By June 2017, Fiduciary Trust managed assets totaling roughly $12.2 billion and was ranked fifth among the largest independent investment advisors in Massachusetts according to the Boston Business Journal. It operates independently and is not connected to the similarly named Fiduciary Trust Company International, which is a part of Franklin Templeton Investments.
History
Established initially as a family office in 1885 and later incorporated as a trust bank in 1928 by Robert H. Gardiner, Fiduciary Trust Company functions under its parent entity, Fiduciary Company, Inc. (FCI). FCI remains independently owned by a combination of current and former employees, directors, and clients. Both FCI and Fiduciary Trust maintain the same board of directors. In 2014, the firm expanded by launching an affiliated entity, Fiduciary Trust Company of New England, located in Manchester, New Hampshire.
The firm's main office is situated at Exchange Place, 53 State Street, Boston.
Management
Since 2014, Austin V. Shapard has held the positions of President and CEO, marking him as the eighth individual to lead the company. Notable past presidents include Douglas Smith-Peterson, Daniel Phillips, Gilman Nichols, Edward Osgood, along with founder Robert Gardiner.