Franklin Templeton unit to acquire $6 billion Athena Capital Advisors
Massachusetts-based RIA will become part of Fiduciary Trust Co. International
The Fiduciary Trust Co. International, a subsidiary of Franklin Resources Inc., will acquire Athena Capital Advisors in a transaction structured as a merger. Athena, a registered investment adviser based in Lincoln, Mass., manages approximately $6 billion in assets.
Athena was established in 1993 by Lisette Cooper, who will remain
with the firm.
Following the acquisition, Fiduciary’s AUM will total approximately $25 billion.
Terms of the deal were not disclosed.
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