Fiduciary Advisor

Company: Busey
Location: Peoria
Posted on: February 11, 2025

Job Description:

Position Summary The Fiduciary Advisor (FA) is responsible for the administration of fiduciary accounts where Busey is acting as trustee, executor, administrator, conservator, guardian, or agent for Busey Wealth Management clients. The Fiduciary Advisor manages fiduciary relationships, ensuring client objectives are met and are consistent with the governing documents and fiduciary administration principles. The Fiduciary Advisor will engage in proactive and ongoing communication with clients to build and maintain relationships and to develop a deep understanding of each clients' unique goals and objectives. The reporting structure may vary for the Fiduciary role based on Regional needs; an FA I can report to a Market or Regional President and in some instances, a Managing Director, Director or to a FA II. Duties & Responsibilities

• Act as the primary relationship manager for a book of clients.
• Frequently meet with clients; formulate the appropriate actions necessary to help the client and enhance their relationship with Busey.
• Complete mandatory account reviews for the assigned accounts.
• Participate in Fiduciary Committees as needed.
• Attend discovery/needs-based training.
• Serve as resource for the team and act as a project leader from time to time.
• Administer accounts in a manner that ensures operational compliance with relevant governing instruments, legal requirements, and business line policies and procedures yet ensures a high level of client service.
• Provide high level customer service to clients, beneficiaries, advisors, and other related parties to assigned accounts.
• Coordinate and arrange for the presentation and review of discretionary distributions, other discretionary matters, and acceptance of new fiduciary business.
• Escalate issues to the Director of Fiduciary Services and Compliance/Fiduciary Officer as appropriate.Education & ExperienceKnowledge of:
  • Strong oral and written communication skills
  • Strong sales and client service skills
  • Knowledge of standard business systems, including but not limited to, Trust Accounting systems, Microsoft Office Suite
  • Wealth Management Services including trust administration, estate settlement, Investments, financial planning, and banking concepts including asset allocation
  • A fiduciary approach to managing client relationshipsAbility to:
    • Experience administering fiduciary accounts
    • Develop and manage client relationships at an advanced level
    • Make recommendations consistent with the client's Investment Policy Statement
    • Make independent decisions
    • Respond timely to client needs and requests
    • Partner with other associates on the team in a collaborative and client-focused manner
    • Understand and think strategically about each client's financial planning
    • Analyze and interpret numerical data
    • Analyze and solve problems that frequently involve decisions based on a wide knowledge of many factors where application of advanced technical concepts is predominantly required
    • Analyze and interpret general business periodicals, professional journals, technical procedures, and governmental regulations
    • Perform duties under frequent time pressures
    • The Fiduciary Advisor II role is for those Advisors managing larger more complex books of business that bring in substantial revenueEducation and Training:
      • Requires a bachelors' degree or commensurate experience with fiduciary administration; previous trust experience preferred.
      • On-going development and broadening of appropriate knowledge and skills; additional education will need to be successfully completed; must be in good standing with First Busey Corporation continuing education.
      • Minimum of 10 hours of annual continuing education in courses related to the position's responsibilities.
      • Approved webinars, seminars, and courses will be credited at the CE amount stated.Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey's Equal Opportunity Employment.

Keywords: Busey, Peoria , Fiduciary Advisor, Other , Peoria, Illinois