Fiduciary Trust completed the acquisition of Pennsylvania Trust.

Fiduciary Trust, a global wealth manager, completed the acquisition of Pennsylvania Trust, a wealth management firm in the Philadelphia area. Financial terms were not disclosed. “We have enjoyed working with clients in Philadelphia and the Main Line for a long time, and we are eager to increase our presence and service offering in this thriving region. Pennsylvania Trust is a well-respected provider of wealth management solutions in the Philadelphia area, and the combination of our organizations and teams of experts will boost our collective ability to optimize clients’ overall financial wellbeing,” Lawrence A. Sternkopf, Fiduciary Trust International President and COO.