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Trust Officer Salary

Earnings for Trust Officers in the United States come in at around $64K per year on average. Total cash compensation to Trust Officers approaches anywhere from $46K on the lower end to $116K on the higher end; in exceptional cases, this can include more than $15K from bonuses and upwards of $9K from profit sharing. Location is the main element affecting pay for this group — years of experience and the individual firm are driving factors as well. Women Trust Officers who took the survey just slightly outnumber men. The majority of Trust Officers claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.
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$45,450 - $103,990
(Median)
$45K
$64K
$100K
MEDIAN: $63,726
10%
50%
90%

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$17.35 - $55.18
(Median)
$17
$23
$55
MEDIAN: $22.00
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
$45,450 - $103,990  
   
Bonus
$0.00 - $15,232  
Profit Sharing
$979 - $8,980  
Commission
$2,492 - $48,479  
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).
)
$45,775 - $115,927  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 318
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 - $15,232  
   
Commission
$2,492 - $48,479  
Profit Sharing
$979 - $8,980  
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).
)
$45,775 - $115,927  
Country: United States | Currency: USD | Updated: 31 Mar 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.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


Heading up the field in terms of compensation, Wells Fargo Bank offers the most; Trust Officers earn $64K on average there.


Survey results suggest that Trust Officers put a wide range of professional skills to use. Most notably, facility with Client Interaction, Customer Relationship Management (CRM), and Legal Document Review are correlated to pay that is significantly above average, leading to increases of 36 percent, 19 percent, and 16 percent, respectively. Skills that seem to negatively impact pay include Trust Administration, Investment Planning, and Financial Advisor.

Pay by Experience Level for Trust Officer

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


Trust Officers who reported more years of relevant experience also reported higher earnings. Survey participants with less than five years' experience pocket $56K on average, but those with five to 10 years of experience enjoy a much bigger median of $68K. Trust Officers with one to two decades of relevant experience report an average salary of approximately $80K. Trust Officers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $85K.

Related Job Salaries

United States (change)

Experience Affects Trust Officer Salaries

Late-Career
up arrow 29%

Experienced
up arrow 21%

Mid-Career
up arrow 3%

National Average
$66,000


Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 36%


Legal Document Review
up arrow 16%

Legal Compliance
up arrow 15%

Investment Management
up arrow 9%

National Average
$66,000

Financial Advisor
up arrow 4%

Investment Planning
up arrow 16%

Trust Administration
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 66 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 75%
vision benefits Vision: 65% employee benefits None: 8%