Family Wealth Fiduciary Advisor

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Family Wealth Fiduciary Advisor
Duties: Works with team members on delivery of fiduciary advice as part of client servicing and execution of the client experience. Develops a strong understanding of family relationships and the needs of current clients as well as beneficiaries. Obtains and reviews and monitors all estate planning documents periodically to ensure that they fit individual client’s current circumstances. Analyzes and interprets legal instruments to determine duties and responsibilities of the bank and to provide well-coordinated estate, tax and financial planning alternatives to meet client’s needs. Identifies a potential trust and estate tax-related issues and works with the client and external advisors to resolve. Collaborates with external client advisors (attorneys, accountants, etc.) to deliver advice. Growth of Book of Business. Works closely with the Family Wealth team to identify and prioritize opportunities to deepen relationships. Identifies Investment Management and Trust Opportunities as well as any other banking, lending or insurance needs. Fosters close business relationships to develop client loyalty and new business opportunities. Assess client revenue opportunity based on complexity and service required. Actively participate in pricing conversations for new KPB opportunities and proactively seek for opportunities to reduce discounts on existing client pricing to move revenue closer to the national schedule. Leads the relationship development and engagement for beneficiaries and legacy relationships. Leads the onboarding process for new clients in partnership with the Family Wealth team. Client Servicing and Retention. Responsible for engaging appropriate fiduciary partners to support administration or expertise in the delivery of client advice. If appropriate, such as in the case of legacy relationships, may function as the lead contact on a UHNW relationship while engaging a Relationship Manager to ensure that a complete and positive client experience is achieved and maintained. Responsible for contributing to the development of the annual client wealth plan and actively participates in the execution. Develops experience working directly and independently with clients and families with a broad array of estate and financial planning issues which often arise with UHNW clients (including distribution planning, philanthropic goals and tools, retirement planning). Demonstrates awareness of state specific estate and tax planning issues. Develops and maintains a deep expertise in fiduciary, investment, tax, and other related wealth issues by keeping current as to estate and tax law changes through legal education opportunities. Shares intellectual capital with the Family Wealth Team as part of the pre-call meetings. Assists in the administration of complex accounts with a proactive, disciplined, consistent and comprehensive approach. Takes initiative to proactively assist and handle the administration and day to day services for relationships on which the Associate Fiduciary Associate partners with a Fiduciary Advisor. Fulfills Key’s fiduciary responsibilities with utmost adherence to all internal fiduciary policies and procedures, regulatory and legal requirements. Anticipates and mitigates risk on assigned accounts. Assumes accountability for all delegated fiduciary administrative work on assigned accounts. Advises relationship managers and all other partners on all internal fiduciary issues. Work closely with Regional Trust Director and applicable Family Wealth team members on pricing, client service, compliance and litigation issues, as needed and appropriate.

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