Fiduciary Trust Private Wealth Counsel LLC

Fiduciary Trust Private Wealth Counsel LLC is a small, privately held advisory firm with three advisors managing approximately $18.7 million for about 67 clients, serving individuals (including high-net-worth clients), trusts, estates, pension plans, and charitable organizations. The firm provides discretionary asset management, separate financial planning engagements, a monthly wealth-advisors coordination service, and ERISA 3(21) retirement-plan advisory services.

The firm builds client portfolios around documented goals, time horizons, objectives and risk tolerances, using a mix of fundamental and technical analysis, charting and modern portfolio theory, and conducts quarterly account reviews and periodic rebalancing. FTPWC acts as a single point of contact to coordinate other advisors (tax, trust and estate attorneys, trust administrators) and may implement limited-scope ERISA fiduciary services while leaving final plan decisions with the plan sponsor.

FTPWC discloses and retains outside-business relationships that distinguish it from many peers: the managing member is a licensed insurance agent through Fiduciary Trust Assurance Group LLC and the firm’s advisers may offer insurance products for separate commission compensation, a conflict the brochure says is mitigated by disclosure and the firm’s fiduciary duties. Other notable features include a stated $500,000 account minimum (waivable in some cases), coordination with specialized providers such as aircraft finance and management, and a practice of not voting proxy ballots (clients receive and vote their own proxies).