Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Sam Fraenkel has joined the firm as a wealth director based in its Coral Gables office.
“Sam possesses in-depth investment expertise which will help us serve clients’ sophisticated needs today, and in the future, in a growing market,” said Michael A. Cabanas, regional managing director of Fiduciary Trust International’s Coral Gables office. “South Florida remains an important market for our organization, and we look forward to working with Sam to build customized strategies for enabling clients in this region to increase and protect their wealth across generations.”
Mr. Fraenkel was most recently head of mergers and acquisitions at REDZONE, a software business delivering plant floor connectivity for companies in the food and beverage industry. He was also founder and president of Tomahawk, a leader in the aggregation and analysis of web-based data for hedge funds. Earlier in his career, Mr. Fraenkel worked on the equity sales team at Evercore ISI, a research-driven investment bank. In addition, he was head of equity research at Beacon Trust, a full-service wealth management firm.
Mr. Fraenkel received his bachelor-of-science degree in finance from Tulane University.
“Fiduciary Trust International is well-respected in the industry for its commitment to client service, and I am proud to join this organization,” said Mr. Fraenkel. “I am eager to work with my new colleagues to help clients and their families meet their short- and long-term financial goals, and enable them to achieve financial peace of mind.”
Mr. Fraenkel is the latest addition to the Fiduciary Trust International team in South Florida. In June 2020, the firm welcomed Todd Stoller as senior portfolio manager and regional managing director for its office in Boca Raton. Mr. Cabanas was named regional managing director of Fiduciary Trust International’s Coral Gables office in April 2019. Edgardo Gonzalez joined the firm’s Coral Gables office as a managing director and senior portfolio manager in August 2018.
About Fiduciary Trust International
Fiduciary Trust International, a global wealth management firm headquartered in New York, has served individuals, families, endowments and foundations since 1931. With over $86 billion in assets under management and administration as of June 30, 2022, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody service, according the company information.