Franklin Templeton Bank & Trust has extended the reach of its trust
service offerings through a network of 2,200 service reps.
The company
announced that it trust services, called the Advisor Directed Trust,
will be offered through the service network of the Estate Planning
Team, a nationwide network of financial professionals that acts as a
third-party provider of estate planning services.
Advisor Directed
Trust allows advisors to manage the investments of their clients' trust
assets, with Franklin Templeton Bank & Trust handling
administration and custody.
Under the new
deal, the Estate Planning Team will offer Advisor Directed Trust
services through a nationwide network of 2,200 service representatives.
The nationwide
coverage of the Estate Planning Team's network will mean that clients
can be serviced in all 50 states, according to Franklin Templeton.
"Personal trusts
are rapidly gaining in popularity as effective wealth-management
solutions," says Wendy Harrington, CEO of Franklin Templeton Bank &
Trust. "As baby boomers build their long-term financial plans ... it's
increasingly imperative that advisors have the ability to offer
comprehensive services to their clients who have or will be moving
their assets into trusts."