Avg. Base Salary (USD)
The average salary for a Trust Officer is $68,244
What is the Pay by Experience Level for Trust Officers?
An entry-level Trust Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $53,814 based on 14 salaries. An early career Trust Officer with 1-4 years of experience earns an average total compensation of $58,109 based on 143 salaries. A mid-career …Read more
What Do Trust Officers Do?
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 …Read more
- 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.
- 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.