Trust Officer Salary

Median pay for Trust Officers in the United States lies in the neighborhood of $64K per year. In the world of Trust Officers, total cash compensation ranges from $46K on the lower end to $113K on the higher end; this includes bonuses that reach $15K and profit sharing that approaches $9K in rare cases, with some high rollers snagging commissions as high as $49K. Geography is the main element affecting pay for this group — tenure and the particular employer are driving factors as well. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Job satisfaction for Trust Officers is high. Women make up a slight majority of Trust Officers (54 percent) survey respondents. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$45,299 - $102,618
(Median)
$45K
$64K
$100K
MEDIAN: $63,996
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
$45,299 - $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).
)
$45,859 - $113,256  
Country: United States | Currency: USD | Updated: 20 Jun 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).
)
$45,859 - $113,256  
Country: United States | Currency: USD | Updated: 20 Jun 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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There are some Trust Officers — though it's uncommon — that transition into Trust Officer VPs, where earnings are an average $88K annually.

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.


Trust Officers seem to require a number of specific skills. 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, 19 percent, and 18 percent, respectively. Skills that pay less than market rate include 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. Although individuals who have less than five years' experience earn $57K on average, people with five to 10 years benefit from a notably larger average of $68K. The average pay reported by folks with 10 to 20 years of experience is around $79K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $83K.

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Experience Affects Trust Officer Salaries

Late-Career
up arrow 26%


Mid-Career
up arrow 3%

National Average
$66,000


Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 36%

Legal Compliance
up arrow 19%



Investment Management
up arrow 15%

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 64 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
3%
1-4 years
25%
5-9 years
27%
10-19 years
28%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 75%
vision benefits Vision: 64% employee benefits None: 8%
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