AVP, Trust Officer

LPL Financial LLC; Oklahoma; 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 Holdings Inc. is seeking an Assistant Vice President, Trust Officer for The Private Trust Company to lead day-to-day trust administration and deliver exceptional client service.

In this role you will manage designated relationships, oversee fiduciary duties, and collaborate with trustees, financial advisors and CPAs to support estate and tax planning. A strong background in trust administration and finance is essential.

Qualifications

• Five years' experience in trust administration.
• Knowledge of financial planning, philanthropic planning and fiduciary law.
• Bachelor's degree preferred.
• Advanced degree/certification preferred.

Responsibilities

• Account Administration: act as trust administrator for designated clients and mentor staff; manage trust and investment accounts, including transactions and funding.
• Relationship Management and Client Service: manage financial advisor and client relationships and provide service for moderately complex to complex relationships.
• Projects: participate in special projects, collaborate with colleagues to improve practices and communicate fiduciary concepts to clients.

Skills

Verbal communication

Written communication

Detail-oriented

Trust administration

Fiduciary law

Financial planning

Tax accounting

Education

Bachelor's degree

Advanced degree/certification

Tools

Microsoft Office

Job description

Where Ambition Meets Innovation

Build 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 financial advisors.

Detail-oriented, especially with trust administration, tax and investment requirements.

Experience with Microsoft Office and ability to adapt to trust, and tax accounting applications.

Organizational skills.

Pay Range

$88,580.00 - $147,599.00

Actual 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.

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 cust