Fiduciary Trust International Appoints Julie Strong Karnavas Regional Managing Director for Pennsylvania Region
Two years after Pennsylvania Trust acquisition, the firm’s Radnor office is stronger than ever
Fiduciary Trust International, a global wealth manager and wholly owned subsidiary of Franklin Templeton, announces that Julie Strong Karnavas has assumed the role of Regional Managing Director for the Pennsylvania market.
Ms Karnavas, who is based in the firm’s Radnor office and was previously Director of Portfolio Management and Relationships, will continue to work with clients as a senior portfolio manager actively involved in the investment team. She will also continue to sit on the firm’s management committee. Ms. Karnavas succeeds as Regional Managing Director to George McFarland, who will remain Senior Portfolio Manager and a member of the local management team at Radnor. Mr. McFarland also continues to serve on the executive committee of Fiduciary Trust International at the national level.
“We have a very talented and dedicated team of professionals at Radnor, led by George and Julie, who have positioned us to provide financial peace of mind for long-term clients,” said Gene Todd, executive vice president and head regional markets. for Fiduciary Trust International. “Julie’s energy, high-level industry experience, and commitment to customer service make her an outstanding leader who will drive our continued growth in Pennsylvania for a long time to come.”
Fiduciary Trust International has expanded into the Pennsylvania region following the completion of its acquisition of Radnor-based wealth management firm Pennsylvania Trust Company in May 2020. Radnor’s office offers a robust suite of personalized investment management, trust, estate, financial and tax planning, and tax preparation services. The Radnor firm has extensive roots in Philadelphia and the Main Line, with the Pennsylvania Trust having been established in 1986.
Over the past two years, Fiduciary Trust International has expanded all of its service teams at Radnor, having added:
Senior Portfolio Manager Amanda Rice and Portfolio Managers Peter Niedland and Julia Wirts
Investment Associate George Earle
Trust Officers John Hill and Todd Reckamp
Senior Relationship Manager Philip Jodz
Relationship Associates Nicole Briggs, Alexis DeSimone, Kimmy Hammett and Terri Harris
Business Development Associate Ashley Nastasi
“Despite market uncertainty, our clients continue to trust us, as evidenced by the continued increase in referrals and added assets,” said Karnavas. “Our customer relationships are at the forefront of everything we do. The vast pools of expertise and resources of the Fiduciary Trust International organization will enable us to stay ahead of market and industry developments as we work with our clients to grow and protect their wealth through the generations.
Ms. Karnavas first joined Pennsylvania Trust in February 2014. Earlier in her career, she served as a senior portfolio manager at Glenmede Trust Company, where she was responsible for senior relationships for several complex family and the foundations of Glenmede. Ms. Karnavas began her career in wealth management at Northern Trust, where she served as a senior portfolio manager in the firm’s investment advisory unit. She is a past board member of the Greater Philadelphia Chapter of the ALS Association and serves on the Investment Committee of St. David’s Episcopal Church in Wayne, Pennsylvania. Ms. Karnavas is also a member and former board member of the Acorn Club in Philadelphia. She earned her BA in Politics and Government, and French, from Ohio Wesleyan University.
About Fiduciary Trust International
Fiduciary Trust International, a global wealth management firm based in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $98 billion in assets under management and administration as of March 31, 2022, the firm specializes in wealth planning, investment management, and trust and estate services, as well as tax and custodial services. The New York-based company and its subsidiaries have offices in Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, 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 Twitter: @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 more than 155 countries. Franklin Templeton’s mission is to help clients achieve better results through expertise in investment management, wealth management and technology solutions. Through its specialist investment managers, the firm offers boutique specialization globally, bringing broad capabilities in equities, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based firm has 75 years of investment experience and approximately $1.5 trillion in assets under management as of April 30, 2022. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.
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