Private Client Advisor Associate

Commerce Bank•Clayton, MO

14d•$23 - $27

About The Position

For more than a century, Commerce Trust has been a leading provider of wealth management services including financial planning, estate and tax planning, investment management, private banking and trust administration services. Our approach to wealth management means assembling a team of seasoned wealth management professionals across disciplines who collaborate to ensure each client’s financial journey is uniquely crafted for their goals. Commerce Trust is a division of Commerce Bank. As a fiduciary and Wealth Management expert the Private Client Advisor Associate’s primary responsibility is the support of our Private Client Relationship Managers who are accountable for the delivery of wealth management advisory services to ultra-high net worth clientele and their business partners. The main purpose of this job is to support the Private Client Advisors who are accountable for the delivery of wealth management advisory services to high net worth clients of Commerce Trust.

Requirements

Knowledge of fiduciary responsibilities, typical trust provisions, various types of investment accounts, gifting strategies and asset collection/delivery
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Ability to remain adaptable and resilient in all situations with an optimistic outlook optimistic outlook and cast a positive shadow that is aligned with our culture and core values
Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
Advanced level proficiency with Microsoft Word, Excel and Outlook
High School Diploma or equivalent combination of education and experience required.
2+ years office experience required

Nice To Haves

Associate’s degree preferred.
Wealth management or equivalent experience preferred

Responsibilities

Act as an additional point of contact for clients and their business partners.
Serve as a backup in the absence of the Family Office Relationship Managers.
Assist with account administration, trust document review and interpretation, fund transfers, discretionary actions within fiduciary engagements, and coordination of documents for tax preparation
Resolve operational issues with internal and external business partners (Middle Office, The Private Bank, Fee Unit, etc.)
Coordinate the account termination process (i.e. circulate termination notices, value assets, prepare distribution schedule, coordinate transfer of assets, etc.)
Prepare documentation necessary to establish various account types, facilitate the transfer and receipt of assets and track account funding
Input and maintain customer information in the client relationship management system
Input documentation into the electronic file room
Access and update information on the trust accounting platform
Address customer inquiries received via phone, email, or in person
Assist with significant cash processing for Family Office relationships.
Maintain various spreadsheets for compliance purposes
Perform other duties as assigned