A wholly-owned subsidiary of Franklin Templeton recently moved into a spacious office in downtown West Palm Beach.
Fiduciary Trust International opened a 10,439-square-foot space on the 15th floor of 360 Rosemary, a 20-story Class A office tower at 360 S. Rosemary Ave. that has attracted several well-known financial firms and companies such as Goldman Sachs, Elliott Management, Point72 Asset Management, and NewDay USA.
Fiduciary Trust International is a global wealth management firm that has $94 billion in assets under management and administration as of June 30, the company stated. Fiduciary Trust was acquired by Franklin Templeton Investments’ parent company, Franklin Resources, for about $825 million in April 2001. As of Sept. 30 of this year, Franklin Templeton has $1.4 trillion in assets under management.
Source: SFBJ
