Trust Officer Salary

Trust Officers in the United States can expect wages of $64K per year on average. Overall incomes of Trust Officers — including $15K bonuses, $9K profit sharing proceeds, and $49K commissions on the more lucrative end — generally ranges between $47K and $112K. Location is the main element affecting pay for this group — tenure and the specific company are driving factors as well. Medical benefits are awarded to a large number, and a fair number earn dental coverage. 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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$45,977 - $101,844
(Median)
$46K
$64K
$100K
MEDIAN: $64,422
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 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$45,977 - $101,844  
   
Bonus
$0.00 - $14,711  
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).
)
$47,093 - $112,354  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 385
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$17.35 - $55.18  
   
Overtime
$35.75  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $14,711  
   
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).
)
$47,093 - $112,354  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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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While not commonly seen, Trust Officers who transition into a Trust Officer VP position may see a rise in pay. The median salary for Trust Officer VPs is $88K per year.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


Wells Fargo Bank leads the field in terms of pay, with a median salary of $65K.

Employees at The PNC Financial Services Group, Inc. take home the smallest paychecks, and $61K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $50K and quickly nearing the top at only $73K.


Trust Officers report using a wide range of professional skills. Most notably, facility with Client Interaction, Legal Compliance, and Legal Document Review are correlated to pay that is significantly above average, leading to increases of 36 percent, 12 percent, and 9 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Trust Administration, Investment Planning, and Financial Advisor. Many workers who know Customer Relationship Management also know Legal Compliance.

Pay by Experience Level for Trust Officer

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Respondents with less than five years' experience take home $58K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $68K. Trust Officers see a median salary of $77K after reaching one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $88K on average.

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Experience Affects Trust Officer Salaries




National Average
$66,000


Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 36%




Investment Management
up arrow 2%

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 64 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
3%
1-4 years
26%
5-9 years
27%
10-19 years
27%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 75%
medical benefits
Vision: 65%
dental benefits
None: 9%
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