1+ months

Trust & Estate Associate

Pennington, NJ 08534
**Job Description:**

**Business Overview:**

Merrill Lynch Global Wealth and Retirement Services (GWRS) provides a comprehensive set of investment products and services, as well as retirement solutions, to the companys clients and financial advisors globally. GWRS provides the products, tools and content that enables our advisors to help their clients meet their goals while building lasting, productive relationships.

**Job Description:**

The Trust and Estate Associate (TEA) role, at this core, is the trust new business coordinator for ADG. After the Trust Specialist/Trust Interns Specialist have the commitment from the client, their legal advisor and the FA to proceed with the trust strategy, the TEA takes over. Responsible for the coordination of all new business submissions and must be conversant in various capacity issues such as Trustee vs. Agent as well as Executor.

Able to interpret complex legal documents to identify appropriate parties i.e. trustee, grantor, beneficiary and executor. Work with the client_x001A_s personal legal counsel to convey MLTC specific required legal language to be incorporated into the trust agreement.

Work with the predecessor trustees to obtain tax returns, account statements, amendments etc.

Obtain the necessary approvals on investment platforms spanning Consults, UMA, PIA, ETFs, Blackrock, MFs. Coordinate complex funding strategies (restricted stock) as well as exception diversification plans. Obtain necessary documentation and required approvals for the funding trusts with unique assets i.e. real estate, LLC/LPs.

Prepare all new account paperwork for the various types of trust business, investment platforms etc.

Prepare the Trust specialist checklist, the Fee analyzer. The Fee concession form if applicable, the Fee Set-up form which can be very complicated because one relationship can span multiple investment platforms, LOAs. ATF, generating LMA docs once the acct has been established.

Generate pitch books for client meetings, sending marketing information to FAs as requested.

This is a mid-level administrative support role within a sales team, whose common goal is to provide Financial Advisors (FAs) with appropriate trust solutions in a timely and compliant manner and meanwhile attaining sales goals

Partnering Regularly communicate and partner with assigned Trust Specialist, Internal Trust Specialist, Regional Fiduciary Officer (RFO), Investment Oversight and Operations.

Business Processing

Review client documents to determine the nature of case, red flags, etc.

Understand pricing model and parameters around discounting

Prepare paperwork for client signatures

Process paperwork after client signatures are obtained

Ensure handoff from Trust Specialist / Internal Trust Specialist (ITS) to Trust Officer (TO)

Act as point person on follow-up between Administration and FAs for outstanding new account documents

Communications Phone Coverage and Field FA/Client Associate (CA)/Attorney/Client Questions


Process future fee business

Generate Pitchbooks and Proposals as requested by Sales Team

Deliver CA Training on Opportunities and new account onboarding process

Utilize SalesForce.com


Manage office supplies and marketing materials

Maintain Trust Specialist schedule

Execute Trust Specialist travel arrangements

Generate Trust Specialist travel and expense reports in a timely manner


Bachelors Degree required; JD strongly preferred

Previous trust experience strongly preferred

Understanding of (or the willingness and ability to learn) estate planning concepts, ML Trust Company products, platforms, systems, policies and procedures

Knowledge of the underlying nature of a client's estate plan through appropriate interface with clients, financial advisors and outside legal and tax advisors

Must possess strong interpersonal skills

Strong verbal and written communication skills.

Detailed oriented, accurate, well organized and possess a strong sense of urgency.

**Posting Date** : 01/09/2019

**Location** :


- United States

**Travel** : No

**Full / Part-time** : Full time

**Hours Per Week** : 40

**Shift** : 1st shift

**Assistance for Applicants with Disabilities**

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**Diversity & Inclusion**

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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  • Banking / Finance
Posted: 2019-04-18 Expires: 2019-08-15

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Trust & Estate Associate

Bank of America
Pennington, NJ 08534

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