Celebrating 10 years! 2007-2017

Trust officer at a bank?

Do we have any trust officers among us? This was considered losathon10/08/13
A friend of mine works as a trust officer. He probably got santoslhalper10/08/13
There are two tracks to becoming a trust officer. As a JD 2tierreality10/08/13
This. Tough to get into, and you will definitely be under pr tobeornottobe11/19/13
Once a boomer recommended that I look into this cause he had karlfarbman10/08/13
Thanks! losathon10/09/13
I just interviewed for a Trust Administrator position with W njattorney123411/18/13
"I am curious myself how to break into the Trust/Wealth Mana heythere11/18/13
I am looking for follow up to those pursuing trust officer w hrdude12/30/17
I have my Series 7 and 66. Interviewed for a trust officer j goptaxlawyer12/30/17
I know a number of young attorneys that have gone that route hrdude12/30/17
Good luck, goptaxlawyer. That sounds like it would be a good hrdude12/31/17
Find a smaller bank and work as a credit analyst for a while jorgedeclaro12/31/17
losathon (Oct 8, 2013 - 7:26 am)

Do we have any trust officers among us? This was considered a non-law career for lawyers, but I am not sure whether it still exists and how you get your foot in the door. Any insight?

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santoslhalper (Oct 8, 2013 - 8:28 am)

A friend of mine works as a trust officer. He probably got his foot in the door because he majored in finance and worked in the industry the year before law school. The job ad was posted on our symplicity site.

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2tierreality (Oct 8, 2013 - 8:36 am)

There are two tracks to becoming a trust officer.

As a JD you need to have experience working as an trust and estate attorney.

As a business major, you need financial planning experience and some sort of banking background. At big city banks/trust companies you probably need an MBA.

Trust departments are now "Trust and Investment" almost everywhere you go. The JD's used to run the departments back in the day. Now they compete with all the financial planning outfits, so the MBA types are moving into management roles. Some people think trust officer is a laid back position, but from what I hear, there is a ton of pressure to generate new business, bill in a timely fashion, etc. With the financial planning folks generating most of the new revenue on the investment side of things, JDs will continue to take a back seat in most trust departments. (So get a JD/MBA!)

My two cents.

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tobeornottobe (Nov 19, 2013 - 9:29 am)

This. Tough to get into, and you will definitely be under pressure to generate business.

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karlfarbman (Oct 8, 2013 - 8:51 am)

Once a boomer recommended that I look into this cause he had done it back in the day and I had no idea what he was talking about.

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losathon (Oct 9, 2013 - 9:20 pm)

Thanks!

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njattorney1234 (Nov 18, 2013 - 7:54 pm)

I just interviewed for a Trust Administrator position with Wells Fargo. I am curious myself how to break into the Trust/Wealth Management Field. Have you had any luck getting any interviews losathon?

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heythere (Nov 18, 2013 - 7:59 pm)

"I am curious myself how to break into the Trust/Wealth Management Field."

I know nothing about a trust officer position, but at my (large) firm all the successful T&E people appear to come from the (very) upper middle to rich class. They wear certain clothes, affect certain mannerisms, belong to certain organizations - even those dealing with new money tech millionaires.

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hrdude (Dec 30, 2017 - 11:38 am)

I am looking for follow up to those pursuing trust officer work. Any luck? Success stories, ect.?

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goptaxlawyer (Dec 30, 2017 - 12:40 pm)

I have my Series 7 and 66. Interviewed for a trust officer job. A lot of it comes down to "can you sell?" That or be an ex Surrogate Court judge.

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hrdude (Dec 30, 2017 - 12:57 pm)

I know a number of young attorneys that have gone that route and have done quite well with pretty good income and life balance.

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hrdude (Dec 31, 2017 - 7:35 pm)

Good luck, goptaxlawyer. That sounds like it would be a good fit for you especially since you've already got those series licenses.

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jorgedeclaro (Dec 31, 2017 - 8:20 pm)

Find a smaller bank and work as a credit analyst for a while. You get the experience of being in the bank, having a head for numbers. With the JD you have a decent shot at moving into a trust advisor position.

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