Fiduciary Trust

What Fiduciary Trust does

Fiduciary Trust Company is a Boston-based private wealth management and trust company founded in 1885, serving ultra-high-net-worth individuals, families, nonprofits, family offices, business owners, and financial advisors. The firm manages approximately $34 billion in assets under management and reports a 98% average annual client retention rate sustained over a decade. Core services include integrated wealth planning, tax-aware customized investment management, trust and estate administration, sustainable investing, donor-advised fund programs, custody services, and securities-based lending, with a distinctive capability in New Hampshire-directed trusts and perpetual trusts.

The firm's underlying technology is intentionally traditional: it relies on world-class trade-date trust accounting software for full tax-lot accounting and reporting rather than a proprietary digital platform, and emphasizes human fiduciary expertise over automation. In-house capabilities are deep, including a 10-member tax team preparing 2,500 returns annually with 50 years of cumulative experience. The business model is subscription/recurring revenue based on AUM fees, with services priced on a customized basis not publicly disclosed. Go-to-market is high-touch direct relationship management via experienced investment officers, supplemented by advisor/financial-advisor referrals. Marketing channels include content marketing, thought leadership, industry awards, and professional networking.

In April 2026, Fiduciary Trust was acquired by GTCR — the firm's first institutional capital investment in its 140-year history — bringing in a financial-services-focused private equity sponsor. Under the new ownership, the firm plans to expand service offerings, enhance the investment platform, increase technology enablement, and grow the workforce. Post-acquisition, Doris Meister was appointed Executive Chair alongside CEO Austin Shapard, and several senior hires were made, including a new CIO, a sustainable investing specialist, and a Client Development Officer.

Name

Fiduciary Trust

Legal name

Fiduciary Trust Company

Website

https://fiduciary-trust.com

Company type

Private

Founded year

1885

Operating status

Operating

Headcount range

101–250 employees

Short description

Fiduciary Trust Company is a Boston-based private wealth management and trust company founded in 1885, serving ultra-high-net-worth individuals, families, nonprofits, family offices, and business owners with integrated wealth planning, investment management, and trust services across approximately $34 billion in assets under management.

Ownership category

akta.pro rank

Product category

Private Wealth Management

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592), Trusts, Estates, and Agency Accounts (525920)

SIC

Investment Advice (6282)

akta.pro primary industry

Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

akta.pro secondary industries

Personal Trust & Fiduciary Administration (FSAEAKAA), Trust Administration & Fiduciary Accounting Services (FSAAANAF), Fiduciary Investment Management (Trust Portfolios) (FSAEAKAI), Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL)

Keywords

• Private wealth management
• Trust and estate services
• Investment management
• Financial planning
• Donor-advised funds

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Assets Under Management (AUM) Fees: Fiduciary Trust generates revenue through fees based on assets under management, typical for private wealth management firms serving ultra-high-net-worth clients. The firm manages approximately $34 billion in client assets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Fiduciary Trust Company is a private wealth management and trust firm that delivers integrated wealth planning, tax-aware investment management, and trust & estate administration services to ultra-high-net-worth individuals, families, nonprofits, family offices, financial advisors, and business owners. The firm manages approximately $34 billion in client assets under a fiduciary standard, supplementing its core advisory practice with sustainable/ESG investing, in-house tax preparation, donor-advised funds, custody services, and New Hampshire-directed trust structures.

Product overview

Fiduciary Trust Company offers a unified private wealth management platform that integrates multiple service lines for ultra-high-net-worth individuals, families, and institutions. The core offering combines Wealth Planning, Investment Management, and Trust & Estate Services, supplemented by specialized capabilities including Sustainable Investing (ESG), Tax Services, New Hampshire Trust Services, Donor-Advised Fund Program, Custody Services, Credit & Other Services, and Philanthropy Services. The firm operates as a bank custodian with over 140 years of history, leveraging New Hampshire's progressive trust laws to provide distinctive advantages including Domestic Asset Protection Trusts and perpetual trusts.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth Planning

Quantifiable outcome

• 98% average annual client retention rate for over a decade
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bessemer Trust: Bessemer Trust is one of the closest direct peers to Fiduciary Trust, providing multi-family office and trust services exclusively to ultra-high-net-worth families with a similar pure-fiduciary, no-proprietary-product model. Both firms emphasize integrated wealth planning, investment management, and trust administration for HNW/UHNW clients.
• Glenmede: Glenmede is a Philadelphia-based independent wealth manager and trust company serving UHNW families and foundations. Its pure-fiduciary, no-proprietary-product model closely mirrors Fiduciary Trust's positioning, with comparable AUM scale and a similar regional, relationship-driven service orientation.
• Wilmington Trust: Wilmington Trust, a M&T Bank subsidiary, is a dedicated wealth management and trust services firm providing investment management, planning, and trust administration to HNW families and institutions. Its trust-centric focus and similar client profile position it as a direct comparable to Fiduciary Trust.
• Pine Gate Capital Advisors (Focus Partners Wealth): Focus Partners Wealth is one of the largest independent wealth management platforms in the U.S., serving HNW and UHNW clients with comprehensive planning, investment management, and family office services. Its family office practice (formerly where new CIO Frank Brochin came from) makes it a direct comparable as Fiduciary Trust scales.
• Brown Brothers Harriman (BBH Wealth Management): Brown Brothers Harriman's Investor Services and Wealth Management business serves UHNW families, foundations, and endowments with private banking, investment management, and trust services. Its partnership structure, fiduciary culture, and UHNW focus make it a closely comparable independent peer to Fiduciary Trust.

Broad incumbents

• Northern Trust: Northern Trust is a scaled incumbent in wealth management with a large private client and trust business serving UHNW families and institutions. Its wealth management arm competes directly with Fiduciary Trust on trust administration, custody, and family office services, but at a far larger scale (~$1.6T AUM).
• BNY Mellon Wealth Management: BNY Mellon Wealth Management provides private banking, investment management, and trust services to UHNW individuals and families. As a scaled bank-affiliated wealth manager, it competes with Fiduciary Trust across trust administration and estate planning but offers a broader product suite and global footprint.
• Bank of America Private Bank: Bank of America Private Bank (formerly U.S. Trust) is a scaled private bank offering wealth planning, investment management, and trust services to UHNW clients. It competes with Fiduciary Trust on trust administration and estate planning while benefiting from integrated banking, credit, and capital markets capabilities.
• J.P. Morgan Private Bank: J.P. Morgan Private Bank is one of the largest wealth managers globally, offering investment management, banking, lending, and trust services to UHNW individuals and families. It represents the scaled, full-service alternative that Fiduciary Trust competes against for sophisticated UHNW mandates.
• Goldman Sachs Private Wealth Management: Goldman Sachs Private Wealth Management serves ultra-high-net-worth clients with investment advisory, banking, and trust services. While far larger and broader in scope, it competes with Fiduciary Trust for sophisticated UHNW families seeking institutional-quality wealth management and trust expertise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fidtrustco
• LinkedInlinkedin.com/company/fiduciary-trust-company_2

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fiduciary Trust