Fiduciary Trust Reviews | Glassdoor

Fiduciary Trust Reviews

Updated June 16, 2017
15 reviews

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3.1
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Henry P. Johnson
7 Ratings

15 Employee Reviews

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  1. Helpful (1)

    "Positive employement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fiduciary Trust full-time (More than 3 years)

    Pros

    Great company to help you grow. Management is easy and great to work with. Work is not over whelming and it challenges you depending on your position. You work along side many intelligent individuals. Growing within the company can be accomplished quickly if you do great work, have great team skills, intelligent, and work here for a 4+ years.

    Cons

    Might work 50+ hours during certain times of the year but that is normal for a NYC jobs.


  2. Helpful (2)

    "Not a good company to work for if you are Relationship Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Associate in New York, NY
    Former Employee - Relationship Associate in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Fiduciary Trust full-time (More than a year)

    Pros

    -Occasional free food?
    -Access to smart people at Franklin Templeton
    -Location

    Cons

    -Management DOES NOT listen to concerns or feedback of employees.
    -Unless you are an "Investment Associate" you are a 2nd class citizen here.

    Advice to Management

    "Meh" company to work for IF you are not in their small accounts team (WA). Never seen more incompetent team leaders despite their on paper credentials.
    ZERO advancement to grow. Team has HIGH turnover rate shortest turnover was 1 WEEK and longest was 1.5 years or so. AVOID THIS TEAM AT ALL COSTS - bad reputation.

    Do yourself a favor and save the time it will take you to explain to your future employer of why you left FTCI.

  3. Helpful (4)

    "Keep looking to find something better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Fiduciary Trust full-time

    Pros

    Midtown location by Grand Central train station

    Cons

    No training, horrible culture, everyone out for themselves and will throw you under the bus anytime they can. Processes are so manual there is room for lots of errors. Absolutely no positive reinforcement.

    Advice to Management

    Management is very inflexible. They can only work as predetermined process no matter how time-consuming and inefficient it is. Some of the working procedures not only increase burden of employees but also make no sense to client, but they would like to stick on it because that is the only way they can do the work. Also, when issues appear, the team leaders always think first of how to rid themselves from responsibilities rather than resolve the problem asap. There is a lot of finger pointing and dumping on the subordinates.


  4. Helpful (1)

    "Good company, lots of changes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Fiduciary Trust (More than 10 years)

    Pros

    Good place to work. People are very nice. People tend to stay there for a long time. Not much turnover, until recently.

    Cons

    Have fallen way behind technologically. Now trying to do too much at one time. Unfortunately, they have no choice if they want to remain competitive.

    Advice to Management

    Pay competitive salaries to good employees so they stick around. Too many changes at one time will make people want to leave


  5. Helpful (1)

    "Summer Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    It is a great place to learn!

    Cons

    Fiduciary is very corporate and generally the employees are older


  6. Helpful (4)

    "Business Development Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Fiduciary Trust full-time (Less than a year)

    Pros

    - Access to an interesting client base (5mm+ net worth)
    - Free coffee, hot chocolate and tea
    - Free food when they over-order (always) for conferences

    Cons

    - Too many ladders to climb to make an impact
    - All the senior management are stuck up and will try to walk all over you
    - You're just a worker in a cubicle with an employee id number

    Advice to Management

    - Treat your employees with respect
    - Create an exciting environment for people to want to work in
    - Have respect


  7. Helpful (7)

    "Old school firm struggling to keep up with the times."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Fiduciary Trust full-time

    Pros

    Nice group of people for the most part. Not a cutthroat bank environment and not competitive, so could be good for someone starting out (or winding down) a career in wealth management. Overworked employees serving multiple roles means lots of opportunity to make an impact quickly.

    Cons

    Formed in 1931 and purchased by the Johnson family (Franklin Templeton owners) to serve as their family office, Fiduciary feels like a bit of a sidelined pet project rather than a viable, growing business. No investment in internal infrastructure translates to aging IT systems, dated office decor, below-average salaries, and little/no professional growth.

    Once an employee proves himself capable, he is given more and more work to fill in for recently-departed staff who Management won't replace. Taking on multiple jobs means a great deal of on-the-job learning ("trial by fire") but don't expect the salary to follow -- it won't.

    Advice to Management

    Your staff are all looking for new jobs! And the best people will find them.

    People will continue to leave in droves (as they have been!) if you don't invest in them. You cannot continue with business as usual -- focus on significant internal change to stop the bleed.

  8. Helpful (6)

    "Salaries very low across the board"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Analyst
    Former Employee - IT Analyst
    Doesn't Recommend
    Negative Outlook

    I worked at Fiduciary Trust full-time (Less than a year)

    Pros

    Great family like environment. Supportive people

    Cons

    Archaic systems slow everyone done.

    Advice to Management

    Pay your good people what they deserve or they will start leaving in droves now that the market is getting better. It's not ethical to pay employees peanuts just because you can.


  9. "Managing Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in New York, NY
    Current Employee - Managing Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fiduciary Trust full-time (More than 10 years)

    Pros

    Professional atmosphere. A company that puts clients first. Investment & Trust Professionals care about their clients and work with integrity. Employees tend to have long tenures, and client retention is high.

    Cons

    No substantial negatives to report, having successfully navigated the global financial crisis and persevering through the aftermath of the attacks on the World Trade Center on 9/11.

    Advice to Management

    Continue to focus on achieving quality results for clients.


  10. "An International Gem- Client Facing and Internally Focused"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant in New York, NY
    Current Employee - Assistant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Fiduciary Trust full-time (Less than a year)

    Pros

    Communal and all inclusive firm that translates its values to a personal and engaged client experience. Fiduciary's family environment supports personal and career growth of all its employees and this culture of commitment has attracted the top talent throughout the finance and law fields. The core of the organization consists of long standing and devoted staff who oversee its excellence while encouraging growth and inclusiveness as the way forward. Flexible rotational program allows for young talent to explore different branches of the firm to determine the best fit.

    Cons

    None to report- Fiduciary is a gem.

    Advice to Management

    Continue to act with loyalty and regard for all members of the firm.


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