Fiduciary Trust International Continues Expansion in South Florida, Opening New Office in West Palm Beach

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, has established a new office in South Florida, located at 360 S. Rosemary Ave. in West Palm Beach. The 10,439-square-foot office will provide high-net-worth clients in West Palm Beach with local access to the organization’s customized investment and wealth management offering, including access to leading alternative investment managers, family office services, trust and estate management, and sustainable investing expertise and capabilities.

“South Florida is a region of growing importance to not only our firm, but also the financial services industry as a whole, given the increasing number of transplants from across the United States and the world,” said Todd Stoller, regional managing director and senior portfolio manager at Fiduciary Trust International responsible for the West Palm Beach and Boca Raton offices. “We are proud of our longstanding presence in South Florida, and we continue to expand to provide high-net-worth families, foundations, and endowments here with personalized plans, services, and solutions they need to preserve and grow their wealth across multiple generations.”

West Palm Beach is fast becoming known as “Wall Street South”—so much so that the Business Development Board of Palm Beach County sponsored three billboards in New York City bearing the moniker, which debuted in August 2023. The new office towers in downtown West Palm Beach, including the 360 Rosemary where Fiduciary Trust International’s new outpost is located, have attracted approximately 100 financial services companies from New York since 2019, according to Palm Beach County’s Business Development Board.

“We have been deeply ingrained in the South Florida community for decades, and the financial services industry’s expansion in this region is vital for the local economy,” said Gene Todd, executive vice president and head of regional markets at Fiduciary Trust International. “Our focus remains on the seamless delivery of financial peace of mind to clients and their families, and our new office in West Palm Beach will help us bring our expertise and customized offering to more people in this area.”

Fiduciary Trust International also maintains South Florida offices in Boca Raton, Coral Gables, and Fort Lauderdale. Firm veteran William Y. Yun, CFA rejoined in October 2022 to focus on driving growth in South Florida. The company is well-respected in the region, with Gail E. Cohen, chair of its board of directors and general trust counsel as well as chair of Fiduciary Trust International of the South, having been recognized by the South Florida Business Journal as one of the publication’s “Influential Business Women” in 2020.