Fiduciary Trust International is a premier investment and wealth management firm with a commitment to growing and protecting wealth across generations. We offer a dynamic and collaborative approach to managing wealth for high-net-worth and ultra high-net-worth individuals and families, family offices, endowments, foundations, and institutions. Unlike other firms, our investment managers, tax and estate planning professionals work together to develop holistic strategies to optimize clients’ portfolios while mitigating the impact of taxes on their wealth. As a fiduciary, the guidance we provide is always in the best interests of our clients, without conflict or competing benefits. We offer boutique customization and deep expertise in specialized investment, tax and planning strategies alongside sophisticated technology and custody platforms.
Fiduciary Trust International is owned by Franklin Templeton, a diversified firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you’ll get exposed to different cultures, people, and business development happening around the world.
Position Summary
Fiduciary Trust International is hiring a
Relationship Associate (Trust Administration) to join our New York City office. This is a hybrid role with three days in the office and two days remote.
The Relationship Associate partners with the firm’s Trust Officers in managing the wealth and financial needs of our High-Net-Worth (HNW) clients. The role requires regular interaction with HNW clients and follow-up and management of ongoing client deliverables. As our Associates gain more experience, they take on greater responsibility on smaller client relationships so that Trust Officers and Relationship Managers can focus on larger and more complex client relationships.
Key Responsibilities
- Works with Trust Officers and Relationships Managers (RMs) on HNW family relationships, including: account administration, preparing wealth projections, preparation of cash flows, fee reviews, and preparation of PowerPoint presentations for client meetings.
- Reviews trust documents and ensures all transactions are in compliance with the trust agreement and state laws.
- Works closely with internal Trust Officers to establish and maintain client contact. Acts as a key point of contact for client and intermediaries with accountants, attorneys, and other advisors.
- Reviews daily overdraft report to determine how to cure income overdrafts. Coordinates with Portfolio Manager to raise cash to cure principal overdrafts.
- Initiates wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts & contributions.
- Coordinates trust terminations and account closing in coordination with our Trust Counsel and tax department.
- Partners with RM to understand client goals, which may include attending client meetings with the RM and better understanding the clients’ extended family and subsequent generations.
- New Account Openings: Analyzes relevant documents to begin KYC. Reviews account openings with RM to determine proper administration of account, state law requirements, beneficiaries, tax suits, fee analysis, etc.
Ideal Qualifications
Education & Experience -
- Bachelor’s degree or equivalent experience
- 2-5 years’ experience in financial services with client-facing experience preferred
- Trust Administration background or knowledge highly preferred; ability to review and interpret trust language a plus
- Desire to grow within the field of trust administration and private wealth management generally
- Basic knowledge of competitors desired
Knowledge, Skills, & Abilities -
- Detail-oriented with the ability to multi-task and meet deadlines
- Ability to work in a team-oriented environment while balancing the needs of the client
- Effective interpersonal skills and relationship building skills
- Ability to maintain confidentiality and handle client account information with discretion
- Strong oral and written communication skills
- Skilled in Microsoft Word, Excel and PowerPoint
Problem Solving & Decision Making
- Strong analytical skills with the ability to think strategically as it relates to client needs
- Self-starter with strong problem solving skills
- Ability to practice good judgment while making basic business decisions
- Ability to handle various projects and deadlines and prioritize each task appropriately
Compensation Range: Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At FTI, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the base salary for this position to range between $75,000 - $82,000 per year.
Learn more about FTI: Explore our career site and the link below to learn about our culture and what it’s like to work at FTI: The Story of Fiduciary Trust International .
#Hybrid
#Associate
Experience our welcoming culture and reach your professional and personal potential!
Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.
By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered.
Learn more about the wide range of benefits we offer at Franklin Templeton
- Most benefits vary by location. Ask your recruiter about benefits in your country.
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
