Copyright 2014

Fiduciary Trust Company International Completes Relocation of Its New York Headquarters

Category: Wealth Planning
Published: Friday, 08 July 2016
Written by Admin

NEW YORK, NY--(Marketwired - Jun 28, 2016) - Fiduciary Trust Company International, a leading global investment manager and wholly-owned subsidiary of Franklin Resources, Inc., completed the relocation of its New York City headquarters to 280 Park Avenue on June 27th, along with other divisions of Franklin Templeton Investments.

Relocating to 280 Park Avenue allows us to accommodate Fiduciary Trusts continued growth, said John M. Dowd, chief executive officer of Fiduciary Trust Company International. In addition to the convenient location and impressive amenities, the new offices afford our clients and employees the best possible environment and technological infrastructure.

280 Park Avenue is prominently located at the epicenter of the Park Avenue business corridor in Midtown, Manhattan. The midcentury building recently completed a full-property renovation and modernization, including:

  • A new lobby with 25-foot-high ceilings
  • Completely redeveloped entrances and plaza areas with green space
  • An interior atrium with a museum-quality reflecting pool
  • A floor-to-ceiling glass bridge structure connecting the buildings to integrate the entire complex

Fiduciary Trust, along with Franklin Templeton will occupy 126,000 square feet in the 43-story building. Fiduciary Trust will occupy the 7th floor with resources located on the 6th floor. Franklin Templeton will occupy the 8th floor with resources on the 6th floor. A central open-air internal staircase connects the three floors enabling employees and visitors to travel easily throughout the entire office footprint. A caf on the 6th floor will also enable company-wide gatherings with large-screen monitors that can connect with Franklin Templeton offices throughout the world.

The firms New York City offices were previously located at 600 Fifth Avenue in Midtown, Manhattan.

About Fiduciary Trust

Fiduciary Trust Company International, a global investment management firm, has served individuals, families, endowments and foundations since 1931. With over $74.8 billion in assets under administration and management as of March 31, 2016, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The firm and its subsidiaries maintain offices in New York, Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Los Angeles, CA, San Mateo, CA, Washington, DC, Wilmington, DE, and London. For more information please visit fiduciarytrust.com.

About Franklin Resources

Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The companys more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $737 billion in assets under management as of May 31, 2016. For more information, please visit franklintempleton.com.

Copyright 2016. Fiduciary Trust Company International. All rights reserved.



Sam Petrucci Joins Deutsche Bank

Category: Wealth Planning
Published: Monday, 04 July 2016
Written by Admin

Sam Petrucci has joined Deutsche Bank Wealth Management in a newly created role as head of wealth planning in the Americas, Deutsche Bank announced Tuesday.

Petrucci will be responsible for leading a team to provide wealth planning expertise to ultra-high-net-worth individuals and for spearheading the development of a suite of advisory solutions, the company said.

Petruccis extensive expertise in working with ultra-high-net-worth clients in providing comprehensive planning solutions and advice will complement our existing team and will help us better serve our clients and the market, says Andrew Gallivan, head of trust and wealth planning and interim co-head of wealth management in the Americas.

Petrucci has experience advising clients in estate planning, tax planning, life insurance, philanthropy and wealth education. He joins Deutsche Bank Wealth Management from Credit Suisse, where he was a managing director and head of the wealth planning group within Private Banking North America. Petrucci joined Credit Suisse in 2000 after the bank merged with Donaldson, Lufkin amp; Jenrette.




Perspecta Trust Named as finalist for Trust Company of the Year by STEP

Category: Wealth Planning
Published: Saturday, 02 July 2016
Written by Admin

HAMPTON, NH, June 23, 2016 (GLOBE NEWSWIRE) -- The Society of Trust and Estate Practitioners (STEP) has, for the second year in a row, named Perspecta Trust as a finalist for the Trust Company of the Year award.

STEP, based in London, is widely regarded as the pre-eminent professional organization in the global trust and estates field. Perspecta Trust, competing with other trust companies from around the world, was judged by a panel of industry leaders, who rated each of the firms across a number of disciplines, including risk management, client service, and tax guidance. Perspecta is the only US-based trust company included in the group of five finalists.

Chairman of Perspecta, Paul Montrone, states, "We work very hard to ensure we offer our clients the best solution in the industry, and we are honored to be recognized by STEP for the efforts we have made." Scott Baker, President of Perspecta adds, "We compete every day to earn clients' business, and becoming a finalist at the global level, suggests that we are taking the steps necessary to earn our clients' trust and confidence."

Winners of the STEP awards will be announced in September 2016 at the Park Plaza Westminster Bridge Hotel in London. The awards ceremony will bring together over 750 practitioners from the wealth management and trusts and estates industries to honor the accomplishments of their peers.

About Perspecta: Perspecta Trust is a NH-based non-depository trust company that provides investment management, wealth transfer planning, and a full-range of trustee and other fiduciary services. Perspecta oversees in excess of $8 billion in assets across a few dozen families, and specializes in designing and implementing tailored wealth planning solutions to these ultra-high net worth families. Perspecta works directly with families to serve their needs, or in concert with their existing advisors and family office staff. For more information on Perspecta Trust, please visit www.perspectatrust.com or call 603-929-2700.



Estate Planning: An Introduction

Category: Wealth Planning
Published: Saturday, 02 July 2016
Written by Admin

By Gregory Bright | Valdosta Today Financial Contributor

The Bush Wealth Advantage

Our column, "The Bush Wealth Advantage" is our way of giving back to the community with all sorts of insights, relevant news, and practical wealth planning strategies.

Estate Planning: An Introduction

Do you ever wonder where your money goes each month? Does it seem like youre never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals.

Examine your financial goals
Before you establish a budget, you should examine your financial goals. Start by making a list of your short-term goals (eg, new car, vacation) and your long-term goals (eg, your childs college education, retirement). Next, ask yourself: How important is it for me to achieve this goal? How much will I need to save? Armed with a clear picture of your goals, you can work toward establishing a budget that can help you reach them.

Identify your current monthly income and expenses
To develop a budget that is appropriate for your lifestyle, youll need to identify your current monthly income and expenses. You can jot the information down with a pen and paper, or you can use one of the many software programs available that are designed specifically for this purpose.

Start by adding up all of your income. In addition to your regular salary and wages, be sure to include other types of income, such as dividends, interest, and child support. Next, add up all of your expenses. To see where you have a choice in your spending, it helps to divide them into two categories: fixed expenses (eg, housing, food, clothing, transportation) and discretionary expenses (eg, entertainment, vacations, hobbies).

Youll also want to make sure that you have identified any out-of-pattern expenses, such as holiday gifts, car maintenance, home repair, and so on. To make sure that youre not forgetting anything, it may help to look through canceled checks, credit card bills, and other receipts from the past year. Finally, as you list your expenses, it is important to remember your financial goals. Whenever possible, treat your goals as expenses and contribute toward them regularly.

Evaluate your budget
Once youve added up all of your income and expenses, compare the two totals. To get ahead, you should be spending less than you earn. If this is the case, youre on the right track, and you need to look at how well you use your extra income. If you find yourself spending more than you earn, youll need to make some adjustments. Look at your expenses closely and cut down on your discretionary spending. And remember, if you do find yourself coming up short, dont worry! All it will take is some determination and a little self-discipline, and youll eventually get it right.

Monitor your budget
Youll need to monitor your budget periodically and make changes when necessary. But keep in mind that you dont have to keep track of every penny that you spend. In fact, the less record keeping you have to do, the easier it will be to stick to your budget. Above all, be flexible. Any budget that is too rigid is likely to fail. So be prepared for the unexpected (eg, leaky roof, failed car transmission).

Tips to help you stay on track

  • Involve the entire family: Agree on a budget up front and meet regularly to check your progress
  • Stay disciplined: Try to make budgeting a part of your daily routine
  • Start your new budget at a time when it will be easy to follow and stick with the plan (eg, the beginning of the year, as opposed to right before the holidays)
  • Find a budgeting system that fits your needs (eg, budgeting software)
  • Distinguish between expenses that are wants (eg, designer shoes) and expenses that are needs (eg, groceries)
  • Build rewards into your budget (eg, eat out every other week)
  • Avoid using credit cards to pay for everyday expenses: It may seem like youre spending less, but your credit card debt will continue to increase

Greg is one of the three advisors with the Bush Wealth team and he leads our investment selection committee. Greg is responsible for providing comprehensive strategies during the planning process. His primary expertise is helping clients set and pursue goals before and after they retire. Greg lives in Valdosta with his wife Amanda and their son Greyson. You can submit questions about this article to This email address is being protected from spambots. You need JavaScript enabled to view it..

Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. The opinion voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Bush Wealth Management and LPL Financial are separate entities.



TrimTabs Loses Management of ETF, Then Files to Launch Its Clone

Category: Wealth Planning
Published: Thursday, 30 June 2016
Written by Admin

New products and changes introduced over the last week include an ETF filing from TrimTabs Asset Management; enhancements to Advizrs online planning platform; and a tax management platform from Scivantage.

In addition, Hartford Funds launched a new program for advisors concerning client needs; Totum Wealth partnered with Quovo on a client account aggregation platform; VanEck cut the expense ratio of an ETF;and First Foundation announced its inclusion in the Russell 2000 Index.