Relationship Associate

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 .

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