Relationship Associate (Wealth Management)

Relationship Associate

Fiduciary Trust International is hiring a Relationship Associate to join our New York City office. This is a hybrid role with three days in the office.

The Associate partners with the firm's Client Service team, which is comprised of Portfolio Managers, Trust Officers, and Relationship Managers, 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 Portfolio Managers, Trust Officers, and Relationship Managers can focus on larger and more complex client relationships.

How You Will Add Value

• Works with Portfolio Managers, 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 presentations for client meetings.
• Reviews daily overdraft report to determine how to cure income overdrafts. Coordinates with Portfolio Manager/Investment Team to raise cash to cure principal overdrafts.
• Initiates wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts & contributions. Assists clients with their charitable gifts and confirming gift details.
• Reviews trust documents and ensures all transactions are in compliance with the trust agreement and state laws.
• Works closely with internal Trust Officers, as applicable, to establish and maintain client contact. Acts as a key point of contact for client and intermediaries with accountants, attorneys, and other advisors.
• Coordinates trust terminations and account closing in coordination with our Trust Counsel and tax department.
• 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.
• Partners with Relationship Manager to understand client's goals, which may include attending client meetings to better understand clients' extended family and subsequent generations.
• Provide excellent client service to internal partners and high-net-worth (HNW) clients.
• Manage all follow-up and/or ongoing client service deliverables.
• Communicate with other areas within the company (Legal, Marketing, Operations, Investment Management, Estate Administration, Compliance, Account Services) to meet deliverables.
• Support Trust Officers on various types of client service matters.

What Will Help You Be Successful in This Role

• Bachelor's Degree
• 25 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
• Basic knowledge of competitors desired
• Experience using SEI or other accounting software desired
• Skilled in Excel, Word, and PowerPoint
• 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
• Ability to work from our One Madison Avenue office a minimum of three days per week

Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewardsmonetary and non-monetary designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the base salary for this position to range between $75,000 - $85,000, depending on level of relevant experience, plus bonus.

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.