SQL Full-text Filter Daemon Launcher failing to start with error "Access is Denied"

When attempting to start the SQL Full-text Filter Daemon Launcher service through the SQL Server Configuration Manager, it attempts to launch, but then fails. In the event log we get the following error message: "The SQL Full-text Filter Daemon Launcher (instancename) service failed to start due to the following error: Access is denied." It is currently set in "Manual" start mode. And uses the default service account generated at installation, "NT Service\MSSQLFDLauncher$instancename". Named pipes is enabled. This service was not installed as part of the original SQL Server installation, but done after. This is a SQL Server 2016 Enterprise (13.0.5216.0) instance.