BOCA RATON, Fla.–(BUSINESS WIRE)–Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Robert W. Murphy has joined the firm as a wealth director. He will be based in the firm’s Boca Raton office.
“Robert is well-versed in fostering meaningful, long-term relationships with ultra-high-net-worth and high-net-worth individuals and families, as well as foundations and endowments, in South Florida,” said Todd Stoller, regional managing director and senior portfolio manager for Fiduciary Trust International’s Boca Raton office. “The ongoing growth of our business in the greater Palm Beach area is a testament to how we help clients and their advisors here make sense of their complex financial lives. We look forward to working with Robert to provide holistic wealth and investment management to more clients across this region.”
Mr. Murphy was most recently partner and head of business development and compliance at Applied Investments, LLC in West Palm Beach, FL. In this position, he was responsible for developing and maintaining relationships with qualified eligible purchaser clients, including high-net-worth and ultra-high-net-worth individuals, family offices, and institutions. Mr. Murphy was previously managing director of investor relations and business development at a boutique asset management firm in West Palm Beach. Earlier in his career, he was a practicing tax attorney in West Palm Beach.
“South Florida is truly a global financial hub, and it is common for families, businesses, and nonprofits here to have assets and operations in multiple countries,” said Mr. Murphy. “Fiduciary Trust International’s teams in South Florida possess a broad spectrum of expertise in how to increase and protect clients’ global wealth, and ensure their trust, estate, legacy, and philanthropic planning goals are realized.”
Fiduciary Trust International celebrated its 90th anniversary last year, and has strong ties to the South Florida region. Gail E. Cohen, chair of the firm’s board of directors and its general trust counsel, was named one of the “Influential Business Women” of 2020 by the South Florida Business Journal, and serves on the board of trustees of the Boca Raton Museum of Art. Mr. Stoller joined Fiduciary Trust International in June 2020.
Mr. Murphy earned his juris doctor from Stetson University College of Law in Gulfport, FL, and his master’s degree in International Relations from the University of St. Andrews in Scotland.
About Fiduciary Trust International
Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $86 billion in assets under management and administration as of June 30, 2022, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The New York-based firm and its subsidiaries maintain offices in Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, Reston, VA, and Atlanta, GA. For more information, please visit fiduciarytrust.com, and for the latest updates, follow Fiduciary Trust International on LinkedIn and Twitter: @FiduciaryTrust.
About Franklin Templeton
Franklin Resources, Inc. [NYSE: BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.4 trillion in assets under management as of August 31, 2022. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.