Relationship Associate (Wealth Management, HNW)-839354
Fiduciary Trust International is a wealth management firm founded in 1931 by families for families, with a singular focus on growing and protecting our clients’ wealth through generations. We work closely with individuals, families and foundations to build and manage personalized investment portfolios, and to develop estate plans that extend wealth to future generations. And, we are part of Franklin Templeton, a global investment leader. That means we can combine a personalized experience with access to sophisticated research and investment solutions.
At Franklin Templeton, everything is focused on one thing – delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 12,000 employees working in 34 countries around the world are dedicated to servicing investment solutions for our clients in more than 160 countries Our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.
The Relationship Associate (RA) partners with the firm’s Relationship Managers, Portfolio Managers and Trust Officers in managing the wealth and financial needs of High Net Worth Family Relationships. RAs interact directly with HNW clients and manage follow-up and/or ongoing client deliverables.
As Relationship Associates gain more experience, they take on greater responsibility on smaller client relationships so that Relationship Managers, Portfolio Managers, and Trust Officers can focus on larger and more complex client relationships.
What are the ongoing responsibilities of a Relationship Associate?
Works with Relationships Managers (RMs), Portfolio Managers, and Trust Officers on HNW family relationships (and prospects) including: account administration, preparing wealth projections, preparation of cash flows, fee reviews, preparation of PowerPoint presentations for client meetings, etc.
Initiates wire transfers, discretionary principal payments, currency transactions, bill paying, and gifts & contributions.
Coordinates trust terminations and account closing in coordination with our Trust Counsel and Tax Department.
Partners with the RM to understand client goals. This may entail attending client meetings with the RM and better understanding the clients’ extended family and subsequent generations. The RA should be able to prioritize client goals while developing solutions.
Ensures all areas of expertise within Fiduciary are leveraged as necessary to best service client.
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.
What ideal qualifications would help someone to be successful?
Education & Experience:
Bachelor’s Degree or equivalent experience. MBA or JD a plus
2-5 years’ experience in financial services with client-facing experience required
Desire to learn and grow within the client service model
Basic knowledge of competitors
Knowledge of Monte Carlo simulation model considered a plus
Knowledge, Skills, & Abilities:
Trust Administration background and knowledge preferred but not required; ability to review and interpret trust language a plus.
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
Strong 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
Problem Solving & Decision Making:
Strong analytical skills with the ability to think strategically as it relates to client needs.
Self-starter with strong problem solving skills.
Ability to practice good judgment while making basic business decisions.
Ability to handle various projects and deadlines and prioritize each task appropriately.
What makes Franklin Templeton unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.
Highlights of our benefits include:
Three weeks paid time off the first year
Medical, dental and vision insurance
401(k) Retirement Plan with 75% company match on your pre-tax and/or Roth, up to the IRS limits
Employee Stock Investment Program
Tuition Assistance Program
Purchase of company funds with no sales charge
Onsite fitness center and recreation center*
- Only applicable at certain locations
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals. Take some time to, meet some of our people, and see what it means to say, “I AM Franklin Templeton”.
Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing 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. We invite you to visit us at http://www.franklintempletoncareers.com/ to learn more about our company and our career opportunities.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com. In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.
Customer Service and Operations
United States-New York-New York