Full-Time

Trust Administration Team Director

Special Needs Trust

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Expert

Austin, TX, USA + 5 more

More locations: Raleigh, NC, USA | Winter Park, FL, USA | Richmond, VA, USA | Charlotte, NC, USA | Atlanta, GA, USA

This is an in-office position; open to other locations with a Truist office.

Category
Asset Management
Finance & Banking
Requirements
  • College Degree with a preferred emphasis on Business or Finance
  • Significant experience (over 10 years) in Trust Administration, Fiduciary oversight and new business activities for Personal Trust
  • Familiarity and experience with State and other applicable laws governing the administration of Personal Trust Accounts
  • Leadership qualities and ability to successfully meet competing deadlines and commitments
  • Proven ability to communicate with partners and peers
  • CTFA or similar designation (Preferred)
  • Advance degree (JD, MBA, etc) (Preferred)
  • Prior direct Trust Administration experience with a book of personal trust accounts (Preferred)
  • Proficiency with various computer and systems applications used to lead the business (Preferred)
  • Experience with addressing and resolving risk and compliance issues associated with Personal Trust Services matters (Preferred)
Responsibilities
  • Responsible for the successful delivery of various Trust Administration and client (direct client and client team) activities in accordance with the terms of governing instruments, Policies, Procedures and applicable state laws.
  • Responsible for the coaching, development, oversight and performance of assigned Trust Administration Advisors and Fiduciary Specialists.
  • Responsible for day to day coordination of Risk, Compliance and other Oversight activities in collaboration with Fiduciary Director, Risk, Legal, Compliance and other partners.
  • Responsible for the successful ongoing execution of assigned management routines.
  • Responsible for the successful execution of projects for the Advisory Center line of business.
  • Responsible for addressing any client or teammate escalations, and tasked with escalating further to the Fiduciary Director if needed.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce overhead costs. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

7%

1 year growth

19%

2 year growth

51%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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