AVP, Trust Officer

Job Overview :

The Assistant Vice President, 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, 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.

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 : $86,000.00 - $143,300.00

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 institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients. Join LPL Financial : Where Your Potential Meets Opportunity At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Salary : $86,000 - $143,300