Fiduciary Trust Company International Acquires The Pennsylvania Trust Company
January 22, 2020
Fiduciary Trust Company International, a global wealth manager and subsidiary of Franklin Resources (Franklin Templeton), agreed to acquire The Pennsylvania Trust Company, an independent, employee-owned wealth management firm based in Radnor, Pennsylvania. The deal expands Fiduciary Trust's presence in the Philadelphia market and enhances its suite of trust, estate, investment and tax planning capabilities for high-net-worth clients; terms were not disclosed and the transaction was expected to close in Franklin Resources' 2020 fiscal third quarter.
- Buyers
- Fiduciary Trust Company International
- Targets
- The Pennsylvania Trust Company
- Industry
- Wealth Management
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
GTCR Acquires Fiduciary Trust Company to Expand Wealth Management Platform
November 20, 2025
Financial Services
GTCR has reached a definitive agreement to acquire Fiduciary Company Incorporated (Fiduciary Trust Company and its operating subsidiaries) to introduce institutional capital into the 140-year-old wealth management firm. GTCR will partner with CEO Austin Shapard and management to accelerate growth, broaden service offerings, expand the investment platform, and integrate technology as the deal is expected to close in the first quarter of 2026.
-
CI Financial Acquires Radnor Financial Advisors
June 28, 2021
Financial Services
CI Financial Corp. announced an agreement to acquire Radnor Financial Advisors, a fee-only wealth and investment management firm serving high-net-worth families in the Greater Philadelphia region. The deal is expected to close in Q3 2021, subject to regulatory approval and customary closing conditions.
-
Equitable Acquires Penn Investment Advisors
August 17, 2022
Financial Services
Equitable announced the acquisition of Penn Investment Advisors (PIA), a registered investment adviser and subsidiary of Penn Community Bank, to advance Equitable’s wealth management growth strategy. The deal is expected to close in the fourth quarter of 2022, and PIA leadership and advisors will join Equitable to continue providing wealth management and advisory services to PIA and Penn Community Bank clients.
-
Allworth Financial Acquires City Fiduciary Group
November 12, 2024
Financial Services
Allworth Financial has acquired City Fiduciary Group, a tax planning and wealth management firm that brings approximately $839 million in assets under management and a team of 31 professionals across Washington and Oregon. The deal expands Allworth's Pacific Northwest footprint and augments its in-house tax and wealth management capabilities; it is Allworth's seventh acquisition this year and its 38th since 2018.
-
Wealth Enhancement Group Acquires Atlas Fiduciary Financial
June 18, 2024
Financial Services
Wealth Enhancement Group has acquired Atlas Fiduciary Financial, an independent RIA that manages roughly $219 million in client assets across two offices in Sarasota, Florida and Oakland, New Jersey. The acquisition expands Wealth Enhancement Group's presence in Florida and New Jersey and increases the firm's total client assets to approximately $85 billion.
-
Hub International Acquires the Assets of Baystate Fiduciary Advisors, Inc.
November 11, 2020
Wealth Management
Hub International Limited acquired the assets of Baystate Fiduciary Advisors, Inc., a Boston-based fiduciary advisory firm that manages approximately $2.9 billion in client assets. The deal strengthens Hub’s Retirement and Private Wealth capabilities in New England by adding Baystate’s talent and retirement plan advisory services; Baystate’s Managing Partner Gregg Andonian will join Hub RPW in the region.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.