Trust Officer Salary

Trust Officers in the United States can expect to earn an average of $64K per year. In the world of Trust Officers, overall income ranges from $46K near the bottom to $113K at the top; this can include more than $15K from bonuses and more than $9K from profit sharing in exceptional cases. This group's pay is mainly influenced by geography, followed by experience level and the specific company. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Women Trust Officers who took the survey just slightly outnumber men. Job satisfaction for Trust Officers is high. This report is based on responses to the PayScale salary survey.
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$45,060 - $102,618
(Median)
$45K
$64K
$100K
MEDIAN: $64,042
10%
50%
90%

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$17.35 - $55.18
(Median)
$17
$24
$55
MEDIAN: $24.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$45,060 - $102,618  
   
Bonus
$0.00 - $15,205  
Profit Sharing
$513 - $9,245  
Commission
$2,483 - $48,936  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,548 - $113,256  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 345
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$17.35 - $55.18  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $15,205  
   
Commission
$2,483 - $48,936  
Profit Sharing
$513 - $9,245  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,548 - $113,256  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 13
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Job Description for Trust Officer

Trust officers are commonly hired by private banks and investment groups to provide expertise and communication in trust and estate issues. Most of the daily duties of the job involve communicating, as individuals in this position work as a liaison between trust clients and various related agencies or advisors. Specific tasks include interpreting legal documents, reviewing client relationships, monitoring funds, reporting to management, and completing various forms of paperwork. This is done in an indoor environment, typically in a banking institution or other office setting. Work involves communication with clients and other firms, but trust officers also work in teams with other trust officers in many large banks. Risk and physical requirements of the position are extremely limited, while work hours are typically standard business operating hours.

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Trust Officer Tasks

  • Coordinate legal, tax, and financial paperwork associated with the account, and ensure compliance with bank and government regulations.
  • Manage returns yielded by trust fund, distributing profits to trust members or reinvesting them according to trust fund terms.
  • Set up trust funds by identifying potential members and placing assets into trust account.
  • Work to implement strategies which achieve client goals for trust fund.

Common Career Paths for Trust Officer


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Trust Officers often transition into Trust Officer VP positions, for which compensation tends to be much higher. On average, Trust Officer VPs earn $89K per year.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


Those at Wells Fargo Bank can expect to make the most, with the company offering a median salary of $65K.


Survey results imply that Trust Officers put a diverse skill set to use. Most notably, facility with Client Interaction, Legal Compliance, and Customer Relationship Management (CRM) are correlated to pay that is significantly above average, leading to increases of 36 percent, 18 percent, and 17 percent, respectively. At the other end of the pay range are skills like Trust Administration, Investment Planning, and Financial Advisor. Aptitude in Customer Relationship Management tends to also indicate an understanding of Legal Compliance.

Pay by Experience Level for Trust Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Trust Officers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $57K; however, individuals with five to 10 years of experience bring in $68K on average — a distinctly larger sum. For Trust Officers, 10 to 20 years of experience on the job amounts to an average salary of $80K. More than 20 years of experience mean a somewhat bigger median paycheck of $83K, but it's not much more than what less experienced people make.

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Experience Affects Trust Officer Salaries

Late-Career
up arrow 26%



National Average
$66,000


Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 36%




Investment Management
up arrow 15%

National Average
$66,000

Financial Advisor
up arrow 4%

Investment Planning
up arrow 17%

Trust Administration
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
3%
1-4 years
26%
5-9 years
27%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 74%
vision benefits Vision: 64% employee benefits None: 8%
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