Trust Investment Officer

Ameriprise Financial, Inc.
Minneapolis, USA
Aug 28, 2021
Sep 15, 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description

A key role in the management of Personal Trust accounts at Ameriprise. Working together with the Trust Administration Officer, this role handles the investment process of trust accounts, including reviewing trust investments (including unique assets), developing investment strategies, communicating with Ameriprise Financial Advisor and clients and monitor and execute investment activities in the trust account.
The Trust Investment officer is responsible for retention of client relationships and collaborating with the new business officers to attract additional assets.


• Dual relationship with Financial Advisor and Trust Administration officer to handle the investment assets of existing trust accounts for individual clients following fiduciary standards.
• Review client's asset allocation and develops Investment Policy statements for the fiduciary account collaborating with the client's Ameriprise Financial Advisor to recommend investment strategies suitable to account objectives.
• Monitor account investment performance and present to the Advisor and clients.
• Review legacy positions and recommend investment models, position concentration mitigation strategies, and the management of special assets (real estate, MOG, closely held business) with reference to clients' tax situations and recommend financial advisor's interaction with clients on findings.
• Works with Financial Advisors to facilitate and coordinate investment activity with co-trustees. Respond to client inquiries regarding investments and conduct periodic investment reviews.
• Act as fiduciary investment manager of portfolio of accounts including setting investment objectives, monitoring of investment objectives and performance, account investment reviews, and performing transactions as needed (distributions, rebalancing, etc.). Review and approve advisor recommended buy/sell transactions for assigned portfolios.
• Actively participate in the Investment Sub-Committee. Participate in other projects (e.g., investment management topics, ILIT and insurance assets in trusts, proxy voting, corporate actions, etc).
• Contribute to the investment side of the sales process for personal trust; review and analyze portfolios, propose change, and monitor account establishment and funding of trusts.
• Review asset statements, trust agreements and other supporting documentation to gain understanding of case; coach advisors through the portfolio implementation process; review all necessary supporting materials that are provided by advisor to prepare file for account acceptance.

Required Qualifications

• Bachelors degree or equivalent experience.
• 5+ years' investment management experience.
• Good written and oral communication skills.
• Effective presentation skills.
• Strong organizational skills and attention to detail.
• Experience in trust investment management.
• Good analytical and problem solving skills.

Preferred Qualifications

• FINRA Series 7, 63, 65/6 licenses
• Trust asset management experience
• Familiarity with Unique assets such as: Farmland/Ranchland, Commercial Real Estate, Closely Held Companies.

About Our Company

With the right company, life can Be Brilliant®. At Ameriprise Financial, we're not just in the business of helping clients with their financial goals - we also help our advisors and employees reach their true potential by embracing an inclusive and collaborative culture. We celebrate the unique qualities and reward the contributions of our talented, passionate employees. The Banking and Cash Solutions team mission is to make life more rewarding by helping others achieve their goals and dreams by providing compelling product solutions and a seamless client experience. If you're motivated and want to work for a strong, ethical company that cares about you and your community, take the next step with Ameriprise Banking and Cash Solutions and we can Be Brilliant® together.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

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