Avg. Base Salary (USD)
The average salary for a Trust Administrator is $58,383
What Do Trust Administrators Do?
When families or organizations (such as charities) are in possession of large amounts of money, one option to protect those assets is to establish a trust through a financial institution. The institution is charged with investing and disbursing money in the trust as instructed by the original signatories. The person who oversees this activity is a trust administrator.
One reason a family may decide to establish a trust is that such arrangements tend to be multigenerational. The trust can be …Read more
- Manage and set up the accounts associated with trust funds.
- Ensure trust fund accounts comply with bank and government regulations.
- Process and review legal and financial paperwork associated with trust fund accounts.
- Provide customer service to clients, resolve client problems, and report the status of accounts.