AVP, Trust Officer

LPL Financial LLC; Independence Township (OH); On-site; USD 89,000 - 148,000; Full time

Benefits offered by this job

401K matching

Health benefits

Employee stock options

Paid time off

Volunteer time off

Job summary

LPL Financial LLC is seeking an Assistant Vice President, Trust Officer – The Private Trust Company to provide day-to-day trust administration and exceptional client service.

You'll manage designated client relationships, oversee fiduciary and account administration, analyze legal documents, and mentor trust specialists while collaborating with advisors, trustees, and CPAs to uphold prudent fiduciary standards and best practices.

Qualifications

• Bachelor’s degree preferred; advanced degree/certification preferred.
• Five years’ experience in trust administration.
• Knowledge of financial planning and fiduciary law.
• Strong written and verbal communication.
• Experience with Microsoft Office and trust/tax accounting applications.

Responsibilities

• Serve as the trust administrator for designated clients, including mentoring and coaching trust specialists.
• Manage financial advisor and client relationships and provide client service for moderately complex to complex relationships.
• Perform fiduciary and account administration, including transactions, tax lot management, and funding review.
• Consult with Trust Administration Committee, Trust Counsel, beneficiaries, trustees, advisors, and CPAs.
• Analyze and interpret legal documents related to estates, tax, and financial plans.

Skills

Verbal communication

Written communication

Organizational skills

Attention to detail

Client relationship management

Education

Bachelor's degree

Advanced degree/certification

Tools

Microsoft Office

Trust accounting software

Job description

Where Ambition Meets InnovationBuild a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.Job Overview:The Assistant Vice President, Trust Officer – The Private Trust Company is responsible for effective trust administration and providing an overall excellent client experience. This position will provide day-to-day client management for designated relationships. The scope of responsibilities includes relationship management, fiduciary and account administration and other functions as required to ensure excellent relationships with clients, business partners, and success with firm-wide initiatives.Responsibilities:Account Administration: Serve as the trust administrator for designated clients, including mentoring and coaching trust specialists to assist you in preparing summaries and recommendations for discretionary actions, communicating with trustees, beneficiaries and financial advisors, administering special assets, reviewing annual trust reviews and ensuring that fiduciary standards and practices are observed. In addition, provide daily administration for trust and investment accounts, including transaction management and/or execution, overdraft and tax lot management, review of account set-up and funding, account termination, and other administrative functions in support of The Private Trust Company’s clients. Consult with the Trust Administration Committee, Trust Counsel, beneficiaries, outside trustees, financial advisors, attorneys and CPAs as appropriate. Analyze and interpret relevant legal documents including wills, trusts, agreements and entity documents in relation to the clients’ overall estate, tax and financial plans. Coach, mentor and supervise trust specialists in all aspects of trust administration.Relationship Management and Client Service: Manage financial advisor and client relationships and provide client service and support for moderately complex to complex relationships. Identify client needs, address client concerns, resolve issues (with guidance from senior officers where appropriate) and respond to client inquiries while keeping relevant parties involved. Effectively communicate with clients, financial advisors, external partners and colleagues regarding fiduciary, tax, legal, administrative and investment matters.Projects: Participate in special projects and initiatives and create effective working relationships with colleagues and peers within the Company and across the firm. Collaborate with colleagues and associates to enhance best practices, engage appropriate resources and foster strong team dynamics. An understanding of asset classes, allocation, risk and Prudent Investor standards, as well as The Private Trust Company and LPL’s investment philosophy and process, with the ability to effectively communicate relevant basic principles to clients.What are we looking for?We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.Requirements:Bachelor’s degree preferred. Advanced degree/certification preferred.Five years’ experience in trust administration, preferably with a broker-dealer or in a traditional bank/trust company. Knowledge of financial planning, philanthropic planning and fiduciary law.Preferences:Verbal and written communication skills for effective interactions with clients and financials advisorsDetail-oriented, especially with trust administration, tax and investment requirements.Experience with Microsoft Office and ability to adapt to trust, and tax accounting applications.Organizational skillsPay Range:$88,580.00 - $147,599.00Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!Company Overview:LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.For further information about LPL, please visit www.lpl.com.Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.Information on Interviews:LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at [phone].EAC 5.19.26