Job description
Job Description:
About Wealth Enhancement Group
Wealth Enhancement Group ($56.5B) is a Greater Minneapolis-based independent wealth management firm offering comprehensive and customized financial planning and investment management services. Founded in 1997, Wealth Enhancement Group serves clients nationwide and continues to expand into new regions each year. Wealth Enhancement Group specializes in providing retail clients with the team-based expertise and resources they need to simplify their financial life.
Our purpose and mission is to work together to improve our clients’ lives by seeking to provide them the best possible financial advice. We are firm believers in the meaning behind teamwork. We share perspectives and explore every point of view, because the best ideas are born from collaboration. We constantly push ourselves and each other. We strive to be much more than your typical financial services firm. We strive to be the best.
We are looking for a Trust Officer who will be responsible for all facets of administration for assigned high value client relationships. This position will concentrate on complex high-value personal trust relationships. The Trust Officer is expected to participate in new business development. This position will need to be located in Sioux Falls, SD.
Job Functions
Client & Account Administration
- Administer assigned high net worth account relationships in accordance with Trust Company policies and trust documents. This includes meeting with clients and following up in writing or verbally; answering client questions and coordinating delivery of services; facilitating and overseeing distributions and transactions performed by Trust staff; overseeing new business onboarding; daily monitoring of account activity; review of account statements; collection of fees; performing annual account reviews; and maintaining continuous contact with clients.
Trust Company - Internal Responsibilities
- Contribute to overall Trust Company account operations through participation in the administrative and investment review processes, staff meetings, committee or review group, and special projects as assigned.
- Stay up to date with regulatory requirements and various facets of Trust Company compliance.
- Continuing education including maintaining sufficient credits to uphold existing certifications and licenses.
Legal and Compliance
- Assist with the development, implementation and adherence to personal trust policies, procedures, business practices and business standards in relation to account activity.
- Assist with the oversight and development of services and processes and actively suggest improvements to procedures and policies.
- Adhere to all compliance procedures and reinforce a strong compliance culture with the team.
Communication & Partnership
- Partner with and communicate frequently and effectively with Wealth Enhancement Financial Advisors and clients' attorneys on all trust and estate matters
- Attend and coordinate with external client advisors, including accountants, attorneys, and family offices.
Education/Qualifications
- Bachelor's degree required
- 5+ years experience as a Trust Officer
- A Certified Trust Financial Advisor designation would be desired, but not required
- Estate Planning experience desired, but not required
- Well-developed written and verbal communication skills with the ability to successfully interact with people at all levels of the organization
- Detail oriented, highly organized and adaptable
- Experience with Microsoft Office suite
- Experience with Directed Trusts preferred
IND123
Should you need reasonable accommodation when completing the application form or during the selection process, contact the Human Resources Department at 763-417-1700
Information provided on this application will be kept confidential and only be shared with those involved in the selection process.
Equal Opportunity Employer, including disabled and veterans.
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