AVP, Trust Officer

Where Ambition Meets Innovation Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals. 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.

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

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…