An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Craig S. Richards Named Chief Administrative Officer of Fiduciary Trust International
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Craig S. Richards as the new Chief Administrative Officer. With over 30 years at the firm, Richards aims to enhance the delivery of wealth management services and streamline business processes. Under his leadership, the company focuses on providing an exceptional client experience amidst growing complexity in operations. Fiduciary Trust manages over $87 billion in assets as of December 31, 2022, and specializes in strategic wealth planning, investment management, and trust services.
Positive
Appointment of a seasoned executive, Craig S. Richards, as Chief Administrative Officer.
Richards' extensive experience and knowledge positions him well to enhance operational efficiency.
The firm manages over $87 billion in assets under management, indicating strong financial health.
Negative
None.
In His New Role, Financial Services Industry Veteran Will Work Across the Business to Drive Alignment and Execution of Core Priorities, Including the Ongoing Delivery of a First-Class Experience
NEW YORK--(BUSINESS WIRE)--
Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Craig S. Richards, CPA/PFS, CFP®, executive vice president, has been appointed chief administrative officer. He most recently served as director of tax services, and maintains oversight of the firm’s tax services team, which he has led since 2006.
“There are many complexities involved in the delivery of sophisticated wealth management services to individuals and institutions, and the specialists who are in charge of providing them often need expediting and decisioning support. This is why a highly coordinated business response is required,” said John M. Dowd, chief executive officer of Fiduciary Trust International. “Craig’s strong technical expertise, his clear understanding of risk, and deep knowledge of our systems put him in an excellent position to lead us in our mission to deliver the best client and advisory experience in the industry.”
Mr. Richards, who joined Fiduciary Trust International in 1984, serves on the firm’s executive, management, and operating committees, and is chairman of the directors trust committee. He is also a member of the boards of directors of Fiduciary Trust Company International and subsidiaries Fiduciary Trust International of Delaware and Fiduciary Trust International of California.
“Fiduciary Trust International’s organization has doubled in size and complexity over the past few years,” said Mr. Richards. “My more than 30 years with the firm have given me the privilege to learn about all of our teams and functions inside-out—and I am pleased to be able to harness this expertise to continue streamlining processes and aligning the execution of core business priorities, so we can deliver a strong client and employee experience.”
Mr. Richards is a member of the American Institute of Certified Public Accountants, and the New Jersey State Society of Certified Public Accountants. He holds the Certified Public Accountant (CPA) and Certified Financial Planner™ (CFP®) designations. Mr. Richards earned his master of science in taxation from Seton Hall University, and graduated from Saint Peter’s College with a bachelor of science in accounting.
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 $87 billion in assets under management and administration as of December 31, 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 specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience and approximately $1.4 trillion in assets under management as of December 31, 2022. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.
What is the significance of Craig S. Richards' appointment at Fiduciary Trust International?
Craig S. Richards' appointment is significant as he aims to streamline operations and enhance client experience amidst growing complexities in wealth management.
How much does Fiduciary Trust International manage in assets?
As of December 31, 2022, Fiduciary Trust International manages over $87 billion in assets.
What are the core priorities for Fiduciary Trust International under Craig S. Richards?
The core priorities include improving the delivery of wealth management services and aligning business processes for better client and employee experiences.
What is Fiduciary Trust International's relationship with Franklin Templeton?
Fiduciary Trust International is a wholly-owned subsidiary of Franklin Templeton, specializing in wealth management.
What qualifications does Craig S. Richards have?
Craig S. Richards holds CPA and CFP designations and has a master's in taxation, contributing to his expertise in wealth management.
