Business Development - Undergrad Intern

At Franklin Templeton, we're driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that's both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients' achievements.

Come join us in delivering better outcomes for our clients around the world!

Department Title : Undergrad Intern - Business Development

Location : The intern candidate must be able to commute into the New York City office each week.

Position Summary :

Fiduciary Trust International is a wealth management firm founded in 1931 by families for families, with a singular focus on growing and protecting our clients' wealth. Fiduciary Trust International delivers wealth management solutions for High net worth (HNW) clients, including individuals and families. We are part of Franklin Templeton, one of the largest investment firms in the world, which enables us to combine personalized experience with access to sophisticated research and investment solutions.

We are responsible for on boarding new clients; coordinating activities for referral sources and creating opportunities to identify new opportunities for all aspects of wealth management including : portfolio construction (active and passive), trust management, estate settlement, philanthropic / endowment, institutional.

You will be an integral part of the business development process from start to finish. There will be opportunities to engage with each of the Wealth Directors to learn best practices from a variety of sources and personalities. The Summer is a great time to engage with our referral sources so there will be many different events being planned during the internship, but the intern will also learn how to plan ahead of other Fall / Winter events. Average turnaround time for onboarding new clients is 4-6 weeks, so interns will be able to process and engage with prospective clients who will become actual clients. Each wealth director has a unique business plan, reviewed quarterly by Senior Management, including the Regional Managing Director and President of Fiduciary Trust. The intern will be able to engage in the dialogue for carrying out objectives outlined in the business plans for the Wealth Directors and the Business Development Associates. The intern will be a valued and contributing member of the team.

Team Culture :

Our team is unique because the current business development officers (called Wealth Directors) have varied backgrounds in terms of sales experience, e.g., attorneys, certified financial planners (CFPs), others have their MBA and some have worked in financial services prior to joining Fiduciary Trust. The intern will work with professionals across several offices : New York, Philadelphia, Florida (Boca Raton, Coral Gables and West Palm Beach), Atlanta, Washington DC, Los Angeles, San Mateo and Lincoln, MA.

Collaboration is the key to success because the business development team focuses on many facets of the business and requires partnering with wealth directors in sales, portfolio managers in investments, trusts and estates counsel for fiduciary work, financial planning, presentation center and legal team to coordinate marketing slides / pitch books, and conducting research on potential leads with the lead generation team. There are additional opportunities to assist with account opening to understand the compliance metrics, and the ability to work with the events and sponsorship teams to plan and execute company-wide special events. There will be projects happening in each market, virtual and live, and meetings discussing business development activities on a weekly basis.

A Business Development Intern at Fiduciary Trust can expect to gain :

• Solid networking skills
• Organization and outreach for identifying wealth in various segments
• Improved interpersonal skills
• Competence working with a data repository system
• Experience writing and responding to RFPs

Key responsibilities may include :

Ideal qualifications :

Ready to make moves? Apply today!

When applying, please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.

Due to the large volume of applications anticipated, we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship, please apply for other internships that pique your interest.

Compensation Range : This is a full-time internship where students will work approximately 35 hours per week and earn competitive hourly pay of $31 USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation.

What makes Franklin Templeton unique?

We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture, and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com . In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.

Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there's a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

Hear more from our employees

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.

Salary : $31