Trust Officer

Summary

The Trust Officer has a broad responsibility of focusing on the overall management and strategy of the trust. Advanced financial and estate planning, as well as center of influence (COI) and new business development are a primary expectation for this role. The Trust Officer serves a vital role in safeguarding the interests of clients and ensuring the smooth operation of trust agreements.

Responsibilities may include investment decisions (oversight), assess the trust's performance (relative to the trust intent and objectives), and developing strategies to meet the beneficiaries' goals. The Trust Officer position is a more client‑facing role, interacting with clients and their advisors to discuss the trust's objectives and performance. The Trust Officer's strategic oversight ensures that the trust not only preserves wealth but also seeks opportunities for growth.

Their proactive management can significantly make an impact on the trust's performance and the beneficiaries’ satisfaction.

• Handle and manage trust accounts, ensuring compliance with legal and regulatory requirements.
• Act in the best interest of beneficiaries, adhering to the terms of the trust document.
• Oversee the strategic management of trust assets, including investment decisions and portfolio management (oversight as it relates to the trusts intent).
• Works closely with clients to understand their goals and objectives, ensuring the trust account aligns with their wishes.
• Provides advice on estate planning and wealth management, often collaborating with portfolio managers, wealth advisors, CPA’s and estate attorneys.
• Trust officers work with the Portfolio Manager and Wealth Advisor to develop and implement investment strategies that align with the trust’s goals utilizing financial planning to assess risk tolerance and market conditions and make informed decisions for the trust.

• Trust officers work with the Portfolio Manager and Wealth Advisor to develop and implement investment strategies that align with the trust’s goals utilizing financial planning to assess risk tolerance and market conditions and make informed decisions for the trust.

• Build and maintain relationships with clients, beneficiaries, and center of influence advisors such as CPA’s and Attorney’s.
• Conduct regular meetings to update clients on trust performance and address any concerns.
• Build long‑term relationships with clients, regularly reviewing the trust’s performance and adjusting as needed based on changing circumstances or goals.
• Financial & Estate Planning through drafting, presenting and executing.

• Prepare and execute legal documents related to trust management.
• Ensure timely disbursement of distributions to beneficiaries as per the trust agreement.

• Maintain accurate records of transactions, communications, and trust activity.
• Prepare financial statements and reports for auditing purposes.

• Stay informed about changes in laws and regulations that affect trusts and fiduciary responsibilities.
• Ensure all trust activities comply with state and federal laws.

• Provide guidance on estate planning strategies to clients.
• Collaborate with attorneys and tax professionals to develop comprehensive plans.

• Address and mediate disputes regarding the trust among beneficiaries or between beneficiaries and trustees.

• Stay current with trust and estate laws and regulations.
• Ensure all activities meet regulatory requirements.
• Identify and mitigate potential risks.
• Maintain proper insurance coverage.

• Collaborate with attorneys, CPAs, and other professionals.
• Assist with estate planning strategies.
• Help structure trusts to meet client objectives.
• Provide expertise on tax implications through financial planning.

• Prepare tax returns and other required filings.
• Coordinate with custodians and other service providers.
• Manage trust accounting and fee calculations.
• Handle trust modifications and terminations.

• Responds to inquiries or refers inquiries to…