Edward Jones Canada expands with Fiduciary Trust Company of Canada acquisition [Wealth Professional (Canada)]
Franklin Resources, Inc. (BEN)
Last franklin resources, inc. earnings: 4/30 08:30 am
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Source: Wealth Professional
Edward Jones Canada is set to acquire Fiduciary Trust Company of Canada (FTCC) from Franklin Templeton , a move that will bring new trust and estate capabilities, as well as discretionary investment management services, under its umbrella. The deal, which remains subject to regulatory approval, marks a significant expansion in Edward Jones' wealth management offerings for Canadian clients with complex needs. The acquisition will see Edward Jones Canada deepen its expertise in estate planning, estate settlement, and trustee services. This positions the firm to address the anticipated $1.2tn wealth transfer expected in Canada over the next eight years. The transaction also broadens the firm's services for foundations, charities, and families requiring advanced financial planning. David Gunn, head of US and Canada Business Units at Edward Jones, stated that “the addition of the trust and estate business unit through this acquisition enhances our ability to support Canadians th
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