Yes, Glenmede is a fiduciary. Since its establishment as a trust company in 1956, Glenmede has embraced its fiduciary duty as a fundamental element of its client philosophy, organizational culture, and trust management services.
Glenmede's Fiduciary Commitment
Glenmede's commitment to its fiduciary role is deeply rooted in its history and operational structure. The firm's long-standing dedication to acting in the best interests of its clients is central to its identity.
Here’s a breakdown of Glenmede's fiduciary aspects:
| Aspect | Description |
|---|---|
| Founding | Established as a trust company in 1956, laying the groundwork for its enduring fiduciary responsibility. |
| Core Philosophy | Fiduciary duty is more than just an obligation; it is at the core of Glenmede's client philosophy, culture, and all trust management services. |
| Service Role | Through The Glenmede Trust Company, N.A., the firm actively serves as a professional trustee to clients throughout the United States, upholding its fiduciary standards. |
What Being a Fiduciary Entails
A fiduciary is an individual or organization that acts on behalf of another person or entity, legally bound to act solely in their best interest. This relationship requires the highest level of trust, care, and loyalty. For financial institutions like Glenmede, this means prioritizing the client's financial well-being above all else, avoiding conflicts of interest, and operating with transparency.
Glenmede's extensive experience as a trust company and its dedication to managing trusts and estates underscore its role as a professional trustee, consistently adhering to the stringent requirements of fiduciary responsibility.
For more information on their services, you can visit their website: Trust & Estate Planning - Glenmede
