Edward Jones is making a strategic push into the Canadian high-net-worth (HNW) market, announcing its intent to acquire Fiduciary Trust Company of Canada (FTCC), a wealth management unit currently owned by Franklin Templeton.
The deal is designed to enhance Edward Jones' service model and accelerate its growth north of the border and covers FTCC’s crucial trust and estate capabilities, including estate planning, settlement, and trustee services, as well as its discretionary investment management services.
The move is being driven by Edward Jones' strategy to evolve into a "true financial planning firm" in Canada. The firm sees the acquisition as key to meeting the increasing demand for generational wealth planning services, especially as the Great Wealth Transfer is set to see more than a trillion dollars pass to heirs over the next ten years.
The acquisition will not impact Fiduciary Trust International, which is Franklin Templeton's private wealth management services business based in New York which recently appointed a new CEO. The transaction involves only the Canadian entity.
“The addition of the trust and estate business unit through this acquisition enhances our ability to support Canadians through every stage of life," says David Gunn, Head of US and Canada Business Units, Edward Jones. “It reinforces our commitment to providing lifelong advice, meeting the growing demand for generational wealth planning, and accelerating the strong momentum we’ve established in Canada.”
By strengthening its in-house core wealth management offering, Edward Jones aims to broaden its services for current and prospective clients with complex financial planning needs, including high-net-worth families, foundations, and charities.
Fiduciary Trust Company of Canada has provided customized wealth management solutions for over 40 years. The transaction remains subject to regulatory approval.
Edward Jones has been bolstering its offering to US clients in recent months including deepening its partnership with US Bank to provide a broader range of banking services. The firm will also open four new Edward Jones Generations hub spaces, designed exclusively for high-net-worth clients and their families. The first opened in Scottsdale, Arizona, in August, with additional locations set for St. Louis this fall, West Palm Beach in October, and Dallas in early 2026.
CFP, CFA and CPA holders could gain accredited investor status as regulators weigh wider private market access for advisory clients
DeepVest, Vanilla and Libretto roll out tools to help financial advisors launch firms, close estate plans and sharpen planning skills
“People aren't effectively using their wealth in retirement,” said David Blanchett of Prudential.
Second-generation NFL ref Shawn Hochuli co-founded IWM Partners in Irvine, California, a wealth management practice with more than $500M in client assets
U.S. seniors lose $28.3 billion annually as a result of financial exploitation, according to a 2023 AARP study.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
