Trust Officer Salary

The average Trust Officer in the United States can expect to rake in roughly $64K per year. In the world of Trust Officers, overall cash allowance can occasionally include more than $15K from bonuses and, in some exceptional cases, $9K from profit sharing, causing incomes to vary widely between $45K and $113K. The most influential factor affecting pay for this group is location, though tenure and the specific company have a (lesser) impact as well. Women Trust Officers who took the survey just slightly outnumber men. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Most Trust Officers report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$44,472 - $102,393

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$17.35 - $55.18

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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
$44,472 - $102,393  
   
Bonus
$0.00 - $15,178  
Profit Sharing
$513 - $9,245  
Commission
$2,475 - $49,316  
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).
)
$45,344 - $112,847  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 350
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  
   
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 - $15,178  
   
Commission
$2,475 - $49,316  
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).
)
$45,344 - $112,847  
Country: United States | Currency: USD | Updated: 18 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 do not often transition into Trust Officer VP roles. The role averages $89K per year.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


Trust Officers flock to Wells Fargo Bank for generous paychecks, where average earnings of $65K lead the pack in compensation.


Trust Officers report using a diverse set of skills on the job. Most notably, facility with Client Interaction, Legal Compliance, and Investment Management are correlated to pay that is significantly above average, leading to increases of 36 percent, 18 percent, and 15 percent, respectively. Skills that seem to negatively impact pay include Trust Administration, Investment Planning, and Financial Advisor. Those with knowledge of Customer Relationship Management tend to be skilled in Legal Compliance as well.

Pay by Experience Level for Trust Officer

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


For Trust Officers, more experience in the field does not usually mean bigger paychecks. Workers in their first five years can expect to earn $57K, but people who have been around for five to 10 years earn a noticeably bigger sum of $68K. On average, Trust Officers make $79K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $82K, 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 25%



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 16%

Trust Administration
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 61 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 75%
vision benefits Vision: 64% employee benefits None: 8%
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