Trust Investment Officer

Ameriprise Financial; Minneapolis (MN); On-site; USD 93,000 - 128,000; Full time

Benefits offered by this job

Pay-for-performance

Benefits package

Job summary

Ameriprise Financial is seeking a Trust Investment Officer to manage fiduciary investment relationships and help clients reach long-term goals. You will collaborate with advisors and clients to implement investment strategies aligned with trust objectives and fiduciary standards.

The role emphasizes client retention, asset growth, and cross-functional collaboration within a wealth management organization, with in-office collaboration four days weekly and optional remote work one day.

Qualifications

• 5+ years of investment management experience including trust investment management and fiduciary account oversight.
• Bachelor's degree or equivalent combination of education and relevant professional experience.

Responsibilities

• Partner with Financial Advisors and Trust Administration Officers to manage trust investment assets while upholding fiduciary standards and client objectives.
• Review asset allocations, develop Investment Policy Statements, and recommend strategies aligned with client goals and risk tolerance.
• Monitor portfolio performance, conduct investment reviews, and present recommendations and results to advisors, clients, and co-trustees.
• Evaluate legacy holdings, concentrated positions, and special assets, including real estate and closely held businesses, and recommend management strategies.
• Serve as fiduciary investment manager for assigned accounts, overseeing portfolio construction, rebalancing, distributions, investment monitoring, and transaction approvals.
• Participate in investment governance activities, including investment committee initiatives, proxy voting, corporate actions, and special projects.
• Support new business development by analyzing prospective portfolios, contributing investment expertise during the sales process, and assisting with trust account onboarding and funding.
• Review trust agreements, asset statements, and supporting documentation to evaluate account suitability and guide advisors through implementation and account acceptance processes.

Skills

Investment management

Fiduciary standards

Portfolio analysis

Client communication

Relationship management

Education

Bachelor's degree

Job description

About Our Company

We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Job Description

As a Trust Investment Officer, you will play a pivotal role in managing fiduciary investment relationships and helping clients achieve their long-term financial goals. You will partner with Trust Administration Officers, Financial Advisors, and clients to develop and implement investment strategies that align with trust objectives and fiduciary standards. This role offers the opportunity to influence portfolio outcomes, contribute to business growth, and collaborate across a highly skilled wealth management organization. Your expertise will directly support client retention, asset growth, and exceptional trust investment management.

Key Responsibilities

• Partner with Financial Advisors and Trust Administration Officers to manage trust investment assets while upholding fiduciary standards and client objectives.
• Review asset allocations, develop Investment Policy Statements, and recommend investment strategies aligned with client goals and risk tolerance.
• Monitor portfolio performance, conduct investment reviews, and present recommendations and results to advisors, clients, and co-trustees.
• Evaluate legacy holdings, concentrated positions, and special assets, including real estate and closely held businesses, and recommend appropriate management strategies.
• Serve as fiduciary investment manager for assigned accounts, overseeing portfolio construction, rebalancing, distributions, investment monitoring, and transaction approvals.
• Participate in investment governance activities, including investment committee initiatives, proxy voting, corporate actions, and special projects.
• Support new business development by analyzing prospective portfolios, contributing investment expertise during the sales process, and assisting with trust account onboarding and funding.
• Review trust agreements, asset statements, and supporting documentation to evaluate account suitability and guide advisors through implementation and account acceptance processes.

Required Qualifications

• 5+ years of investment management experience, including trust investment management, fiduciary account oversight, and portfolio management responsibilities
• Bachelor's degree or equivalent combination of education and relevant professional experience

Preferred Qualifications

• Strong knowledge of investment strategies, asset allocation, portfolio analysis, fiduciary principles, and management of complex or special assets
• Ability to analyze investment performance, assess risk, and develop recommendations that support client objectives and regulatory requirements
• Excellent written, verbal, and presentation skills with the ability to communicate effectively with clients, advisors, and business partners
• Strong organizational skills, attention to detail, and ability to manage multiple priorities in a dynamic environment
• Demonstrated problem-solving, collaboration, and relationship management capabilities; experience influencing stakeholders is preferred

Visa Sponsorship

Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).

In-Office Collaboration

We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.

Base Pay Salary

The estimated base salary for this role is $93,400 - $128,400 / year.

We have a pay-for-performance compensation philosophy.

Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location.

In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role.

We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Full-Time/Part-Time

Full time Exempt/Non-Exempt Exempt Job Family Group Business Support & Operations Line of Business BANK

Bank Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law. We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.

Our Businesses

• Ameriprise Financial: Financial planning, advice and wealth management.
• Columbia Threadneedle Investments: Global asset management serving individual, institutional and corporate clients.
• RiverSource Insurance & Annuities: Products and solutions designed to help clients protect and grow their wealth.

Explore opportunities within each business and region below. Ameriprise US | Careers Ameriprise India | Careers Columbia Threadneedle Investments US | Careers Columbia Threadneedle Investments EMEA APAC | Careers RiverSource | Careers