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Stock impact report

Fiduciary Trust International Completes Acquisition of Pennsylvania Trust

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, has finalized its acquisition of The Pennsylvania Trust Company, a leading wealth management firm in the Philadelphia market with approximately $4 billion in assets under management. The purchase of Pennsylvania Trust will strengthen Fiduciary Trust International’s suite of services for empowering high-net-worth and ultra-high-net-worth clients to protect and grow their wealth across generations—and further expands the firm’s national footprint.Founded in 1986, Radnor, PA-based Pennsylvania Trust is an independent, employee-owned wealth management company with 60 advisors and staff serving approximately 1,200 client relationships. The firm offers a robust suite of personalized investment management, trust, estate, financial and tax planning, and tax preparation services. Last year, Pennsylvania Trust was ranked No. 1 in Trust Administration, and No. Show less Read more
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