Trust Investment Officer

Ameriprise Financial Services, LLC•Minneapolis, MN

1d•Hybrid

About The Position

This is a key role in the management of Personal Trust accounts at Ameriprise. Working together with the Trust Administration Officer, you will handle the investment process of trust accounts, including reviewing trust investments (including unique assets), developing investment strategies, communicating with Ameriprise Financial Advisor and clients and monitor and execute investment activities in the trust account. The Trust Investment officer is also responsible for retention of client relationships and collaborating with the new business officers to attract additional assets.

Requirements

Bachelor's degree or equivalent experience
5+ years' investment management experience

Nice To Haves

Good written and oral communication skills
Effective presentation skills
Strong organizational skills and attention to detail
Experience in trust investment management
Good analytical and problem solving skills

Responsibilities

Dual relationship with Financial Advisor and Trust Administration officer to handle the investment assets of existing trust accounts for individual clients following fiduciary standards.
Review client’s asset allocation and develops Investment Policy statements for the fiduciary account collaborating with the client’s Ameriprise Financial Advisor to recommend investment strategies suitable to account objectives.
Monitor account investment performance and present to the Advisor and clients.
Review legacy positions and recommend investment models, position concentration mitigation strategies, and the management of special assets (real estate, MOG, closely held business) with reference to clients' tax situations and recommend financial advisor's interaction with clients on findings.
Works with Financial Advisors to facilitate and coordinate investment activity with co-trustees.
Respond to client inquiries regarding investments and conduct periodic investment reviews.
Act as fiduciary investment manager of portfolio of accounts including setting investment objectives, monitoring of investment objectives and performance, account investment reviews, and performing transactions as needed (distributions, rebalancing, etc.).
Review and approve advisor recommended buy/sell transactions for assigned portfolios.
Actively participate in the Investment Sub-Committee.
Participate in other projects (e.g., investment management topics, ILIT and insurance assets in trusts, proxy voting, corporate actions, etc).
Contribute to the investment side of the sales process for personal trust; review and analyze portfolios, propose change, and monitor account establishment and funding of trusts.
Review asset statements, trust agreements and other supporting documentation to gain understanding of case; coach advisors through the portfolio implementation process; review all necessary supporting materials that are provided by advisor to prepare file for account acceptance.