Private Client Advisor Associate

About Working at Commerce 

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.  

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk. 

Compensation Range

For more than a century, Commerce Trust has been a leading provider of wealth management services including financial planning, estate and tax planning, investment management, private banking and trust administration services. Our approach to wealth management means assembling a team of seasoned wealth management professionals across disciplines who collaborate to ensure each client’s financial journey is uniquely crafted for their goals. Commerce Trust is a division of Commerce Bank.

As a fiduciary and Wealth Management expert the Private Client Advisor Associate’s primary responsibility is the support of our Private Client Relationship Managers who are accountable for the delivery of wealth management advisory services to ultra-high net worth clientele and their business partners.

About This Job

The main purpose of this job is to support the Private Client Advisors who are accountable for the delivery of wealth management advisory services to high net worth clients of Commerce Trust.

Essential Functions

• Act as an additional point of contact for clients and their business partners.  Serve as a backup in the absence of the Family Office Relationship Managers.

• Assist with account administration, trust document review and interpretation, fund transfers, discretionary actions within fiduciary engagements, and coordination of documents for tax preparation

• Resolve operational issues with internal and external business partners (Middle Office, The Private Bank, Fee Unit, etc.)

• Coordinate the account termination process (i.e. circulate termination notices, value assets, prepare distribution schedule, coordinate transfer of assets, etc.)

• Prepare documentation necessary to establish various account types, facilitate the transfer and receipt of assets and track account funding

• Input and maintain customer information in the client relationship management
  system

• Input documentation into the electronic file room

• Access and update information on the trust accounting platform

• Address customer inquiries received via phone, email, or in person

• Assist with significant cash processing for Family Office relationships.

• Maintain various spreadsheets for compliance purposes

• Perform other duties as assigned

Knowledge, Skills & Abilities Required

• Knowledge of fiduciary responsibilities, typical trust provisions, various types of investment accounts, gifting strategies and asset collection/delivery

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities

• Ability to remain adaptable and resilient in all situations with an optimistic outlook optimistic outlook and cast a positive shadow that is aligned with our culture and core values

• Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills

• Advanced level proficiency with Microsoft Word, Excel and Outlook

• Professional appearance

Education & Experience

• High School Diploma or equivalent combination of education and experience required.  Associate’s degree preferred.

• 2+ years office experience required

• Wealth management or equivalent experience preferred

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles.  This compensation range is for the Private Client Advisor Associate job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $23.80 to $27.65 per hour.

The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits.  Click here to learn more.

Time Type: