1. Fiduciary Trust International welcomes new senior portfolio manager Marc Balcer. 2. Balcer will enhance wealth planning in the Mid-Atlantic region. 3. He has significant experience in managing high-net-worth portfolios. 4. Franklin Templeton operates with over $1.64 trillion in AUM. 5. Personalized wealth management services aim to boost client satisfaction.
The addition of a seasoned manager like Balcer can enhance client retention and attract new business. Historical examples show that strategic hires often lead to improved performance in similar firms.
The article suggests significant growth potential for Fiduciary Trust International under Balcer's leadership, which could positively reflect on Franklin Templeton and its stock performance.
As Balcer builds relationships and implements strategies, it should foster client loyalty and potential asset growth over time, positively affecting BEN's market perception.
Industry Veteran Possesses Expertise in Building Relationships and Managing Portfolios for Clients Across Generations—and Market Conditions
Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, welcomes Marc Balcer as a senior portfolio manager who will work out of the firm's office in Radnor, PA. His areas of specialization include guiding clients through challenging markets and helping them identify investment strategies and allocations that align with their unique needs and goals.
"As Fiduciary Trust International continues to grow across the country, and especially in the Mid-Atlantic region, experienced professionals like Marc further elevate the caliber of personalized, holistic wealth planning that has come to define our offering," said Julie Strong Karnavas, Fiduciary Trust International regional managing director for the Radnor office. "His strong relationships in this region, and his enthusiasm for thinking outside the box, can deepen the impact we make on the lives of our clients across generations."
Mr. Balcer joins Fiduciary Trust International from Girard in King of Prussia, PA, where he was director of investment strategy, senior vice president, and client portfolio manager. In this role, he managed portfolios and investment strategies for high-net-worth and institutional clients. Mr. Balcer co-founded Bluefin Investment Management where he was a partner and portfolio manager. Earlier in his career, Mr. Balcer was a research analyst at Redstone Investment Management and Morgan Stanley.
Complementing his investment expertise, Mr. Balcer also brings a background in education, having served as a faculty member at The Shipley School and as the founder of the Center for Self-Care, a leadership and development consulting firm—experiences that inform his thoughtful, client-centered approach to portfolio management and financial decision-making.
"Fiduciary Trust International has an outstanding reputation in the wealth management industry for providing a rare and precious commodity—financial peace of mind," said Mr. Balcer. "I look forward to working with my new colleagues in Radnor to give clients the personalized tools and actionable intelligence they need to protect and grow their wealth."
Mr. Balcer holds the Chartered Financial Analyst (CFA®) and CERTIFIED FINANCIAL PLANNER® (CFP®) designations, and serves as a mentor with INVE$T In Her Future, a project of the CFA Society of Philadelphia's Women's Leadership Initiative. He received his master of science degree in nonprofit leadership from the University of Pennsylvania. Mr. Balcer also graduated from Haverford College with a bachelor of arts in economics and growth and structure of cities.
To learn more about Fiduciary Trust International's office in Radnor, PA, please visit https://www.fiduciarytrust.com/meet-our-team/our-locations/our-locations/radnor.
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 $105 billion in assets under management and administration as of June 30, 2025, 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, Fort Lauderdale, FL, West Palm Beach, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, 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 X: @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 150 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 equity, fixed income, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.64 trillion in AUM as of August 31, 2025. For more information, please visit investors.franklinresources.com.
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