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!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 22,000 financial advisors, 1,100 institution-based investment programs, and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
Job Overview:The Assistant Vice President, Real Estate Trust Officer will be part of our innovative, entrepreneurial, high-performing team helping advisors be highly competitive in the industry and poised to help them grow by delivering independent financial advice. PTC has a corporate value of creating a more client-centric culture and this role is pivotal to driving that agenda forward and elevating the service levels of clients and advisors. This role is responsible for partnering with independent financial advisors in administering trust accounts for clients and advisors. The scope of responsibilities includes relationship management, fiduciary and account administration, real estate management, other illiquid asset management, and other functions as required to ensure excellent relationships with clients, business partners, and success with firm-wide initiatives.
In this role, you will be responsible for managing all assigned trust owned real estate and oil, mineral and gas assets with additional responsibilities for closely held interests and personal property, among other illiquid assets.
You will be responsible for managing all assigned trust owned real estate assets, which will include moderately complex beneficiary occupied residential properties. In some instance, may also include rental, commercial, farmland and timber properties as well as oil, gas, and mineral interests. Responsible for identifying, mitigating, and escalating risk while acquiring, preserving, and managing these properties.
Responsibilities:

• Illiquid Asset Administration: Serve as the Trust Real Estate officer for trust real estate as well as other designated special assets, mentoring and coaching trust specialists to assist you in managing special assets, communicating with trustees, beneficiaries, and financial advisors, reviewing annual trust reviews and ensuring that fiduciary standards and practices are observed. In addition, provide daily administration for special assets, including transaction management and/or execution. 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 entity documents, leases, title documents in relation to special assets.
• Complies with the banks policies and procedures for consistent management of real estate activities in alignment with the banks fiduciary policies procedures, to include such activities as: real estate purchases, sales, leases, negotiations, general property management, safekeeping, disposition/productivity analysis, bill payments, tax and insurance enforcement and the hiring of contractors and agents.
• Responsible for assessing risk and making recommendations to accept, retain or sell assets. Conducts annual reviews. Presents recommendations to Investment and Administrative committees, according to committee guidelines.
• Preserves and manages assigned physical properties. Determines need for property improvements. Coordinates the hiring of professionals as needed for maintenance and upkeep of the property. Ensures all properties are adequately inspected, valued and insured; ensures all taxes, insurance premiums and property related expenses are timely paid and kept current.
• Oversees all activities necessary to purchase or sell a property. Determines if capital improvements are necessary. Assesses risk of transaction. Presents recommendations to Trust Investment and/or Administrative Committees. Coordinates with internal partners and external service providers to ensure a smooth and accurate transfer of ownership.
• 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.

This individual will participate in the weekly or periodic Committee meetings. Specifically, for the Trust Administration and Trust Investment Committee meeting, the candidate will bring information about clients/accounts to the Committees so that the Committees as a whole can agree on administrative disbursements, account investments, periodic account reviews, and general procedures and practices
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
• 5 years experience in trust administration

Preferences:

• Advanced degree/certification preferred such as JD, CPA, CTFA
• 5 years experience with a broker-dealer or in a traditional bank/trust company.
• Strong verbal and written communication skills for effective interactions with clients and financials advisors
• Detail-oriented with strong organizational skills, especially with trust administration, tax and investment requirements
• Strong use of Microsoft Office and ability to adapt to trust, and tax accounting applications
• Knowledge of financial planning, philanthropic planning and fiduciary law

Pay Range: $80,720-$121,080/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!
Why LPL? At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.
We are one team on one mission. We take care of our advisors, so they can take care of their clients.
Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.
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Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.
Information on Interviews:LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.