Laird Norton Wealth Management, the Pacific NW’s largest independent wealth management firm, is seeking a full-time Trust Analyst to join our team. Based in Downtown Seattle, LNWM is dedicated to helping high-net-worth individuals and families manage and grow their wealth through financial planning, investment management, and trust & estate services.
As a member of our Trust Resource Group, the Trust Analyst will assist Directors and other members of our Client Service team with trust, estate planning and wealth management for their clients and beneficiaries. The Trust Analyst is a key position providing solid analytical skills and research abilities to assist with client decision-making, presentations, and administration. The successful candidate will be able to anticipate team/client needs, keep all team members informed, and generate high quality work. While the client load may support both trust and RIA clients, this position is primarily focused on trust and estate clients.
The Trust Analyst will provide the following duties (this is a representative list of the general duties the position may be asked to perform and is not intended to be all-inclusive):
Client Relationship Management: Communicate with clients and beneficiaries in person, by phone or by email with professionalism, effectiveness, thoroughly, and timely; coordinate client and beneficiary contact, such as scheduling of meetings and periodic communication to ensure we stay in touch; lead preparation for client meetings (review prior meeting notes, prepare agenda meeting topics in coordination with Associate and prepare special analysis); participate actively in client and beneficiary meetings and provide documentation for the client file and follow up tasks; work with Director to coordinate client referrals to 3rd party advisors and integrated work with 3rd parties.
Client Workflow Management: Act as quarterback for client tasks and projects; delegate appropriate tasks to associates and involve other colleagues, third parties and other departments as needed; internal documentation and CRM management.
Fiduciary Administration: Possess thorough understanding of trust documents to ensure compliance and fiduciary responsibility in all aspects of client service; review documents and prepare for Director approval; monitor the classification of receipts and disbursements according to the Principle and Income Act; evaluate the suitability of decisions, according to the trust document; coordinate requests for discretionary distributions and prepare necessary documentation for approval; develop deep expertise in fiduciary and estate administration and provide guidance and assistance to others in client services.
Financial Planning: Create sustainability analysis to guide a client’s long-range financial plan, and effectively communicate the results to client; assess client needs and complete analysis related to all areas financial planning, in order to provide comprehensive services (this includes planning for: estate and legacy, education, gifting, taxes, retirement, insurance, mortgage and other debt); understand the client’s cash needs and maintain adequate cash within their accounts.
Duties and Responsibilities will increase and vary based on needs of business.
Candidates must meet all employment qualifications in force at time of hiring, including successful passing of background & credit checks and any pre-employment examinations, signing of all employee agreements, and have the ability to perform the essential functions, duties and responsibilities set forth in a consistent and efficient manner.
Experience, Education, Professional Designations
- Requires at least two years, but prefers four plus years’ experience in fiduciary services or trust and estate administration (including client service, operations, & private client relationship management). Strong preference for experience working directly with fiduciary clients and beneficiaries.
- Broad understanding of trust terms and concepts, and the proven ability to read and interpret trust documents.
- Four-year college degree, in finance or related field, preferred.
- Demonstrated mastery of financial planning concepts as evidenced by pursuit of a professional designations such as CFP®, CFA charter holder, or CTFA are a plus.
The successful candidate will bring the following skills and attributes:
- Experience in Microsoft Office Suite is required. Other software applications, including financial software tools, are a plus.
- Strong analytical and research skills with attention to details.
- Excellent written and verbal communication skills.
- Ability to work in a collaborative, team environment that strives for consensus and seeks success of the team rather than the individual.
- Excellent interpersonal and communication skills as evidenced by ability to professionally, personally, and effectively interact with clients and co-workers and contribute to a respectful work environment.
- Portrays a professional company image both internally and externally.
- High ethical standards and the ability to place the clients’ needs before one’s own.
- Experience in handling sensitive and confidential subject matter.
- Creative thinking demonstrating good investment acumen, application of professional judgment and understanding of client issues.
- Ability to stay current in industry knowledge.
- Demonstrates ability and willingness to take on new responsibilities as business and organization needs require.
Benefits: Laird Norton Wealth Management offers excellent benefits including medical, dental and vision coverage, generous time off, flexible spending plans for health care and dependent care, 401(k) plan, paid transportation pass, and more. To learn more about LNWM please visit our website (www.lairdnortonwm.com).