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
Our Radnor, PA office, approximately 30 minutes outside of Philadelphia, is hiring a Trust Administrator / Relationship Associate to join our office of approximately 50 investment and trust professionals. The Trust Administrator will provide daily support to our Trust Officers and interact with clients on a regular basis, managing ongoing client deliverables.
Trust Administrators have an opportunity to gain knowledge and experience related to investment management, trust and estate services, and client service. The Associate’s responsibilities will grow as their knowledge and skills progress, providing the opportunity to handle more sophisticated client needs and to develop the Associate’s career within Fiduciary Trust.
What are the primary responsibilities of a Relationship Associate / Trust Administrator?
- Works with Trust Officers and Portfolio Managers on family relationships (clients), including account administration, preparing wealth projections, account reviews, preparation of PowerPoint presentations for client meetings, and may include attending client meetings.
- Reviews trust documents and ensures all transactions are in compliance with the trust agreement and state laws.
- Works closely with our Trust Officers to establish and maintain client contact. While working with the Trust Officer, acts as a key point of contact for clients and intermediaries with accountants, attorneys, and other advisors.
- Initiates wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts & other wealth transfers.
- Coordinates trust terminations and account closings in coordination with our Trust Counsel and Tax Department.
- New Account Openings: Reviews account openings with Trust Officer to determine proper administration of account, state law requirements, beneficiaries, tax situs, fee analysis, and similar new account responsibilities.
What ideal qualifications, skills & experience would help someone to be successful?
Education & Experience
- Bachelor’s degree or equivalent experience
- 2-5 years’ experience in financial services with client-facing experience preferred
- Trust Administration background and knowledge highly preferred; ability to review and interpret trust language a plus. Trust Associates, Trust Administrators, and Trust Administrative Officers are encouraged to apply
- Trust school (Cannon Trust School ) or CTFA a plus
- Paralegal certificate or paralegal background helpful, but not required
- Desire to learn and grow within the client service model
- Knowledge of industry 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
- Ability to work in our Radnor, PA office three days per week (on-site, hybrid work schedule)
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 Franklin Templeton, 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 $70,000 - $82,000. The actual pay offered will depend on the candidate's experience level and type, and more.
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
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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 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 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.
