Trust Advisor

Company: Fanning Personnel
Location: Boston
Posted on: November 6, 2024

Job Description:

Trust Advisors work with multi-generational families with diverse needs and administer accounts including trusts, IRAs, investment management accounts, foundations, and partnerships functioning as family investment funds. Trust Advisors are supported by Trust Assistants to facilitate the day-to-day administration of accounts.Key Responsibilities:

• Assist Trustees with administrative decisions; ensure that assigned accounts are administered in accordance with their document terms.
• Frequent direct contact with multiple generations of family members in person and via phone and email.
• Support the WMG partners and clients on a range of subjects including financial, personal, and estate planning matters.
• Monitor cash flow and perform budget analysis. Assist family members with general financial planning decisions. Coordinate specialized reporting as required.
• Coordinate account activity, including, but not limited to, receipts and disbursements related to assets and beneficiary needs, opening, funding and closing accounts, and facilitating charitable and non-charitable gifts.
• Oversee asset custody. Coordinate with external advisors and family consultants.
• Monitor cash levels in accounts to ensure that all client needs can be met at all times.
• Ensure that inter-departmental communication is effective and that all account information is relayed and processed in accordance with established protocols. Coordinate service with other WMG departments: investments, tax, operations, and legal.
• Assume additional duties as assigned.Essential Competencies:
• Works proactively with others to support efforts within a department or function of the Firm.
• Organizes and prioritizes assignments and serves as a department liaison to ensure collaborative efforts result in meeting or exceeding goals and standards.
• Maintains current knowledge of trends and developments affecting the area of specialization.
• Uses innovative thinking and exercises sound judgment to achieve results.Qualifications:
• Financial, accounting, or legal background including a related degree required.
• Strong understanding of income taxes and investments including partnership, trust, estate planning, and estate/gift tax knowledge.
• Minimum of 3 years of experience working with high net worth clients required.
• Able to work well with a wide range of personalities.
• Complex project management skills along with the ability to work on multiple teams and several projects at one time. Proven track record of success in leading projects to a successful completion under inflexible deadlines.
• Strong analytical skills and the ability to draft complex reports and spreadsheets. Ideally CFP.Required Years of Experience: 3
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Keywords: Fanning Personnel, New Bedford , Trust Advisor, Other , Boston, Massachusetts