Trust Advisor

Buchanan; Boston; On-site; PHP 5,538,000 - 8,000,000; Full time

Job summary

Buchanan seeks an experienced Trust Advisor to work with multigenerational families whose financial, investment, and estate-planning needs are complex and varied. The Trust Advisor administers trusts, IRAs, investment management accounts, foundations, and partnerships that function as family investment vehicles, with support from Trust Coordinators.

The role requires confidential handling, strong analytical skills, and the ability to coordinate with investment, tax, operations, and legal teams

Qualifications

• Bachelor’s degree in finance, accounting, law, or a related field.
• At least three years of experience working with high-net-worth clients.
• Strong knowledge of income taxation, investments, partnerships, trusts, estate planning, and estate and gift taxation.
• Demonstrated commitment to confidentiality, discretion, and escalation of sensitive matters.
• Ability to build strong working relationships across diverse backgrounds.
• Proven ability to lead complex projects and meet deadlines.

Responsibilities

• Assist trustees with administrative decisions and administer accounts per governing documents.
• Communicate with multiple generations of family members via meetings, phone calls, and email.
• Support Wealth Management partners and clients on financial, personal, estate-planning, and related matters.
• Monitor account cash flow, perform budget analyses, and assist family members with financial-planning decisions.
• Prepare and coordinate specialized reports as needed.
• Coordinate the opening, funding, and closing of accounts.
• Oversee the custody of assets held internally and at outside financial institutions.
• Coordinate with external advisors, family consultants, and other professional service providers.
• Monitor account liquidity to ensure client needs can be met in a timely manner.
• Maintain effective communication across departments and ensure account information is processed according to established procedures.
• Coordinate services with investment, tax, operations, and legal teams.

Skills

Analytical skills

Confidentiality

Client relationship building

Project management

Attention to detail

Education

Bachelor’s degree in finance, accounting, law, or related field

Tools

Microsoft Excel

Microsoft Office

Job description

About the Job

Our Client is seeking an experienced Trust Advisor to work closely with multigenerational families whose financial, investment, and estate-planning needs are complex and varied.

The Trust Advisor administers a range of accounts, including trusts, IRAs, investment management accounts, foundations, and partnerships that function as family investment vehicles. This position is supported by Trust Coordinators who assist with day-to-day account administration.

Key Responsibilities

• Assist trustees with administrative decisions and ensure assigned accounts are administered in accordance with governing documents.
• Communicate directly with multiple generations of family members through in-person meetings, phone calls, and email.
• Support Wealth Management partners and clients on financial, personal, estate-planning, and related matters.
• Monitor account cash flow, perform budget analyses, and assist family members with general financial-planning decisions.
• Prepare and coordinate specialized reports as needed.
• Manage account activity, including receipts, disbursements, asset-related transactions, and beneficiary requests.
• Coordinate the opening, funding, and closing of accounts.
• Facilitate charitable and non-charitable gifts.
• Oversee the custody of assets held internally and at outside financial institutions.
• Coordinate with external advisors, family consultants, and other professional service providers.
• Monitor account liquidity to ensure client needs can be met in a timely manner.
• Maintain effective communication across departments and ensure account information is processed according to established procedures.
• Coordinate services with investment, tax, operations, and legal teams.
• Perform additional responsibilities as assigned.

Core Competencies

• Proactively collaborate with colleagues and contribute to shared departmental goals.
• Organize and prioritize complex assignments while serving as an effective liaison across teams.
• Maintain current knowledge of trends and developments affecting trusts, investments, taxation, and estate planning.
• Apply innovative thinking, sound judgment, and careful analysis to achieve results.
• Exercise discretion and professionalism when handling confidential or sensitive matters.

Qualifications

• Bachelor’s degree in finance, accounting, law, or a related field required.
• At least three years of experience working with high-net-worth clients.
• Strong knowledge of income taxation, investments, partnerships, trusts, estate planning, and estate and gift taxation.
• Demonstrated commitment to confidentiality, discretion, and the appropriate escalation of sensitive matters.
• Ability to build strong working relationships with individuals across a wide range of backgrounds and personalities.
• Strong project-management skills, with the ability to contribute to multiple teams and manage several projects simultaneously.Proven ability to lead complex projects to successful completion under firm deadlines.
• Professional demeanor and presentation appropriate for a client-facing office environment.
• Strong analytical skills, including the ability to prepare complex reports and spreadsheets.
• Advanced Microsoft Excel skills and proficiency with other Microsoft Office applications.
• Ability to quickly learn and become proficient in new technology platforms with limited formal training.