Edward Jones Canada moves to boost estate and trust services for clients amid looming wealth transfer
Edward Jones Canada is set to acquire Fiduciary Trust Company of Canada (FTCC) from Franklin Templeton, a move that will bring new trust and estate capabilities, as well as discretionary investment management services, under its umbrella.
The deal, which remains subject to regulatory approval, marks a significant expansion in Edward Jones’ wealth management offerings for Canadian clients with complex needs.
The acquisition will see Edward Jones Canada deepen its expertise in estate planning, estate settlement, and trustee services.
This positions the firm to address the anticipated $1.2tn wealth transfer expected in Canada over the next eight years.
The transaction also broadens the firm’s services for foundations, charities, and families requiring advanced financial planning.
David Gunn, head of US and Canada Business Units at Edward Jones, stated that “the addition of the trust and estate business unit through this acquisition enhances our ability to support Canadians through every stage of life.”
He explained that this move reinforces the company’s commitment to providing lifelong advice, meeting the increasing demand for generational wealth planning, and accelerating the strong momentum Edward Jones has established in Canada.
Gene Todd, Chairman, president, and CEO of Fiduciary Trust Company of Canada, said, “Edward Jones' acquisition of Fiduciary Trust Company of Canada represents a strategic alignment.”
He added that both companies share a focus on putting clients first and that Canadians with complex financial planning needs will continue to receive personalized guidance and investment solutions.
Todd expressed confidence that Edward Jones will continue to manage clients’ wealth and build on the foundation established by Fiduciary Trust Company of Canada.
Edward Jones Canada states that Franklin Templeton’s investment products have been part of its client portfolios for decades. The firm plans to provide an update on the transaction once it closes.
Fiduciary Trust International, Franklin Templeton’s private wealth management services business based in New York, is not included in this transaction.
