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: 

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 Associate will provide daily support to our internal Trust Officers and interact with clients on a regular basis, managing ongoing client deliverables. 

Associates 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? 

• 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

• 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

• Strong oral and written communication skills

• Skilled in Microsoft Word, Excel and PowerPoint

• Ability to work from our Radnor, PA office five days per week

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary—designed to support the whole person and to recognize their time, talents, and results. 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 salary for this position to range between $70k - $85k per year plus bonus opportunity.

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-The Story of Fiduciary Trust International