GTCR Acquires Fiduciary Trust Company to Expand Wealth Management Platform
November 20, 2025
GTCR reached a definitive agreement and later completed its acquisition of Fiduciary Trust Company and its operating subsidiaries, a Boston-based wealth management and trust company serving ultra-high-net-worth clients. GTCR partnered with CEO Austin Shapard and appointed Doris Meister as Executive Chair to expand Fiduciary’s service offerings, enhance its investment platform and technology enablement, and grow its workforce to scale the business.
- Buyers
- GTCR
- Targets
- Fiduciary Trust Company, Fiduciary Company Incorporated (operating subsidiaries; collectively known as Fiduciary Trust Company), Fiduciary Trust Company International
- Sellers
- Franklin Templeton (ownership of Fiduciary Trust Company; minority stake to be retained post-transaction per deal context)
- Platforms
- Fiduciary Trust Company (platform)
- Industry
- Wealth Management
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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