Trust Administrator / Relationship Associate
About The Position
Fiduciary Trust International is a premier investment and wealth management firm committed to growing and protecting wealth across generations. We offer a dynamic and collaborative approach to managing wealth for high-net-worth and ultra high-net-worth individuals and families, family offices, endowments, foundations, and institutions. Our investment managers, tax and estate planning professionals work together to develop holistic strategies to optimize clients’ portfolios while mitigating the impact of taxes on their wealth. As a fiduciary, the guidance we provide is in the best interests of our clients, without conflict or competing benefits. We offer boutique customization and deep expertise in specialized investment, tax and planning strategies alongside sophisticated technology and custody platforms. Fiduciary Trust International is owned by Franklin Templeton, a dynamic firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you’ll get exposed to different cultures, people, and business development happening around the world. Fiduciary Trust International is hiring a Trust Administrator / Relationship Associate (RA) to work in our Coral Gables, FL office near Miami. The RA partners with the firm’s Trust Officers, Relationship Managers, and Portfolio Managers in managing the wealth and financial needs of our High-Net-Worth clients. Associates interact directly with High-Net-Worth (HNW) clients and manage follow-up and/or ongoing client deliverables. As RAs gain more experience, they take on greater responsibility on smaller client relationships so that Relationship Managers, Portfolio Managers and Trust Officers can focus on larger and more complex client relationships.
Requirements
- Bachelor’s degree or equivalent experience
- 2-5 years’ experience in financial services with client-facing experience preferred
- Trust Administration background and knowledge preferred; ability to review and interpret trust language a plus
- Desire to learn and grow within the client service model
- Basic knowledge of competitors desired
- Detail-oriented with the ability to multi-task and meet deadlines
- Ability to work in a team-oriented environment while balancing the needs of the client
- Effective interpersonal skills and relationship building skills
- Ability to maintain confidentiality and handle client account information with discretion
- Strong oral and written communication skills
- Skilled in Microsoft Word, Excel and PowerPoint
- Ability to work in office a minimum of three days per week (in Coral Gables, Florida)
- Strong analytical skills with the ability to think strategically as it relates to client needs
- Self-starter with strong problem-solving skills
- Ability to practice good judgment while making basic business decisions
- Ability to handle various projects and deadlines and prioritize each task appropriately
Responsibilities
- Works with Trust Officers, Relationships Managers, and Portfolio Managers on HNW family relationships and prospects, including: account administration, preparing wealth projections, preparation of cash flows, fee reviews, and preparation of PowerPoint presentations for client meetings
- Partners with Trust Officers to maintain client contact.
- Acts as a key point of contact for client and intermediaries with accountants, attorneys, and other advisors
- Reviews daily overdraft report to determine how to cure income overdrafts. Coordinates with Portfolio Manager to raise cash to cure principal overdrafts
- Initiates wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts & contributions
- Assists Trust Officers with trust terminations and account closing in coordination with our Trust Counsel and Tax Department
- Partners with RM to understand client goals, which may include attending client meetings to better understanding the clients’ extended family and subsequent generations
- New Account Openings: Analyzes relevant documents to begin KYC. Reviews account openings with RM to determine proper administration of account, state law requirements, beneficiaries, tax suits, and fee analysis
Benefits
- annual discretionary bonus
- 401(k) plan with a generous match
- recognition rewards
- competitive healthcare options
- insurance
- disability benefits
- employee stock investment program
- learning resources
- career development programs
- reimbursement for certain education expenses
- paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays)
- motivational wellbeing program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
