AVP, Trust Officer

Are you a team player?

Do you enjoy consulting with clients and fostering relationships?

Excited to learn more?  If so, then this could be the role for you!

Job Overview:

The Assistant Vice President, Trust Officer – The Private Trust Company is responsible for effective trust administration and providing an overall excellent client experience.  This position will provide day-to-day client management for designated relationships.  The scope of responsibilities includes relationship management, fiduciary and account administration and other functions as required to ensure excellent relationships with clients, business partners, and success with firm-wide initiatives.

Responsibilities:

• Account Administration:  Serve as the trust administrator for designated clients, including mentoring and coaching trust specialists to assist you in preparing summaries and recommendations for discretionary actions, communicating with trustees, beneficiaries and financial advisors, administering special assets, reviewing annual trust reviews and ensuring that fiduciary standards and practices are observed.  In addition, provide daily administration for trust and investment accounts, including transaction management and/or execution, overdraft and tax lot management, review of account set-up and funding, account termination, and other administrative functions in support of The Private Trust Company’s clients.  Consult with the Trust Administration Committee, Trust Counsel, beneficiaries, outside trustees, financial advisors, attorneys and CPAs as appropriate.  Analyze and interpret relevant legal documents including wills, trusts, agreements and entity documents in relation to the clients’ overall estate, tax and financial plans.  Coach, mentor and supervise trust specialists in all aspects of trust administration.

• Relationship Management and Client Service:  Manage financial advisor and client relationships and provide client service and support for moderately complex to complex relationships.  Identify client needs, address client concerns, resolve issues (with guidance from senior officers where appropriate) and respond to client inquiries while keeping relevant parties involved.  Effectively communicate with clients, financial advisors, external partners and colleagues regarding fiduciary, tax, legal, administrative and investment matters.

• Projects:  Participate in special projects and initiatives and create effective working relationships with colleagues and peers within the Company and across the firm.  Collaborate with colleagues and associates to enhance best practices, engage appropriate resources and foster strong team dynamics.  An understanding of asset classes, allocation, risk and Prudent Investor standards, as well as The Private Trust Company and LPL’s investment philosophy and process, with the ability to effectively communicate relevant basic principles to clients.

• Other duties as required.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

• Bachelor’s degree preferred.  Advanced degree/certification preferred.

• Five years’ experience in trust administration, preferably with a broker-dealer or in a traditional bank/trust company.  Knowledge of financial planning, philanthropic planning and fiduciary law.

Preferred:

• Strong verbal and written communication skills for effective interactions with clients and financials advisors

• Detail-oriented, especially with trust administration, tax and investment requirements.

• Strong use of Microsoft Office and ability to adapt to trust, and tax accounting applications.

• Strong organizational skills

 

Pay Range:

$85,988-$143,313/year

 

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

 

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and instit