Trust Associate

Who We Are

Wealthspire Trust, an affiliate of Wealthspire Advisors, is a Franklin, TN-based trust company focused on providing comprehensive trust and estate solutions. With a strong commitment to serving clients with integrity and care, we specialize in delivering thoughtful, collaborative strategies tailored to each client's unique needs. Wealthspire Trust works in partnership with clients to support their financial goals and aspirations, ensuring that their legacy and values are preserved for generations. For more information on Wealthspire Trust, please visit www.wealthspiretrust.com

This is a hybrid position with in-office flexibility 2-3 days a week.

Summary: Wealthspire Trust is looking for a Trust Associate who is responsible for support of the day-to-day administration of a diverse book of complex personal trust accounts for high-net-worth individuals and families along with onboarding new trust relationships. They will work closely with the trust advisor, account advisors, family office partners as well as individual clients. Key responsibilities include supporting the trust advisor(s) by performing tasks like processing transactions utilizing our trust accounting platform, maintaining accurate records, preparing documentation, communicating with beneficiaries in delivering a premier client experience to our financial advisor partners and clients. Additionally, ensure compliance with all relevant regulations and fiduciary standards, with strong organizational skills, attention to detail, and knowledge of trust administration and investment principles. 

Key Responsibilities:

• Account Administration

• Process client transactions including cash disbursements, cash deposits and other transactions daily using our trust accounting system.
• Maintain detailed records of trust assets, investments, and account activity. 
• Assist with requests for discretionary distributions, trust terminations, collection of tax information.
• Prepare and review trust account statements and reports for clients and beneficiaries.
• Assist with account reconciliation with the Trust Advisor and operations partners.

• Client Service

• Respond to client inquiries regarding trust accounts in a timely and professional manner. 
• Communicate with beneficiaries regarding distributions, account updates, and compliance requirements. 
• Collaborate with the Trust Advisor to build and maintain strong client relationships. 

• Documentation and Compliance

• Ensure compliance with all applicable laws, regulations, and internal policies regarding trust administration. 
• Conduct due diligence and help prepare investment and administration reports to assist in monitoring compliance with investment guidelines and provide reporting to the Trust Investment Committee and Trust Administration Committee.

• Administrative Tasks

• Open new trust accounts, gather AML/BSA/” Know Your Customer” documentation, and verify client information. 
• Manage and maintain trust files, including electronic records, in an organized manner. 
• Assist the Trust Advisor with coordinating the tax preparation and filing responsibilities.
• Manage billing and cash collection.

Essential Skills and Qualifications:

• A bachelor’s degree in finance, law or economics.
• 3-5 years of trust related experience. A legal degree, accounting degree, or professional certification is highly desired.
• An understanding of estate planning, taxes and fiduciary law is preferred. 
• A self-starter attitude, ability to work independently at a high level, and must be able to take initiative to ensure deadlines are met.
• Strong writing and verbal communication skills, time management, scheduling, organization, office skills, along with contributing to a team effort, are also necessary.
• Experience in financial services or wealth management preferred.
• Proficiency in Microsoft Office Suite and relevant financial software.

Do you see yourself excelling in this position?

Don't hesitate to apply, even if you don't meet every qualification on the list. We recognize that career journeys are as unique as individuals themselves, and valuable skills can come in various forms. We're eager to learn about your unique talents and experiences.

What We Offer

NFP, an Aon company, and Wealthspire Trust is proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others.

The base salary range for this position is $70,000 – $84,999. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

NFP and You... Better Together!

NFP, an Aon company and Wealthspire Trust is an inclusive Equal Employment Opportunity employer.

Salary : $70,000 - $84,999