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.

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