Trust Advisor

Job Summary:

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 Coordinators to facilitate the day-to-day administration of accounts.

Job Functions:

• 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 Wealth Management Group partners and clients on a range of subjects including financial, personal, and estate planning matters.
• Monitors cash flow and performs budget analysis.Assists family members with general financial planning decisions.Coordinates 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 (at Choate and outside institutions).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 Wealth Management Group departments: investments, tax, operations and legal.
• Assume additional duties as assigned.

• Work proactively with others to support efforts within a department or function of the Firm.
• Organize and prioritize assignments and serve as a department liaison to ensure collaborative efforts result in meeting or exceeding goals and standards.
• Maintain current knowledge of trends and developments affecting the area of specialization.
• Use innovative thinking and exercise sound judgment to achieve results.

• 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.
• Demonstrated commitment to confidentiality and the ability to handle sensitive information discreetly, with an understanding of when to appropriately escalate matters.
• 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 successful completion under inflexible deadlines.
• Professional demeanor and presentation consistent with a professional office environment.
• Strong analytical skills and the ability to draft complex reports and spreadsheets.
• Strong Excel skills and a proficient user of all other MS Office Suite products.Adaptability to learn and become expert in new applications with limited formal training.