Job Details

Relationship Associate

Company name

Franklin Templeton Investments.

Organization Type


Job Type


Valid Through

Sep 25,2019

Posted on

Jun 12,2019

Years of Experience

2-5 yrs required


New York City, NY, United States

Employment Type



Practice Area
Finance >> Finance - General
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Relationship Associate
The candidate works with the Relationships Managers, Portfolio Managers and Trust Officers on large and complex family relationships and prospects through the following: administration of accounts, preparing and coordinating wealth projections, preparation of cash flows, fee reviews, preparation of account summaries, preparation of customized PowerPoint presentations for use in client meetings, etc. Initiate processing of wire transfers, discretionary principal payments, currency transactions, bill paying, deliveries/receives and gifts & contributions. Coordinate all aspects of trust terminations and account closing in coordination with our Trust Counsel, Investment Officer and Tax Department. Partner and collaborate with the Relationship Managers, Portfolio Managers and Trust Officers to understand and identify client goals and objectives, both short-term and long-term. This may entail attending client meetings with the Relationship Manager, Portfolio Manager or Trust Officer and participating in discussions about client needs/goals, their circumstances, and making an effort to better understand the clients’ extended family and younger generations. The Relationship Associate should be able to prioritize the client needs/goals within the framework of the FTCI business objectives while developing solutions to meet their needs/goals. Interact with clients (or prospects) and independently manage all follow-up and/or ongoing deliverables. Communicate and coordinate with other areas within FTCI (Legal, Marketing, Business Development, Operations, Estate Administration, Compliance, Strategic Advisory Group, etc) in an effort to meet all client deliverables. Analyze relevant documents to begin KYC as per account opening checklist. Review and discuss account openings with Relationship Manager, Portfolio Manager or Trust Officers to determine proper administration of account, account type, requirements under state laws, dispositive provisions, beneficiaries and remaindermen, tax suits, GST status, fee analysis, etc. and in order to prepare account opening documents, and ticklers, remittance events and other account maintenance requirements. Perform legal and administrative analysis of new accounts for initial set-up of Administrative Reviews. Coordinate all aspects of trust terminations and account closing in coordination with our Trust Counsel, Investment Officer and Tax Department. Remain current on relevant Wealth Management and Investment Advisory laws/issues/topics (domestic and foreign). Maintain a strong knowledge in fiduciary and personal income taxation, accountings, trust and estate law, and all types of financial investments and special assets. Identify and coordinate resolution of issues concerning tax matters arising during the course of the administration of personal, corporate or Trust accounts including situs, type of trust, fiduciary tax issues and personal tax issues, and overall tax implications of distributions. Review overdraft report to determine how to cure income overdrafts. Coordinate with PM to raise cash to cure principal overdrafts. Perform analysis of trust income to determine whether 65 Day Rule should be elected. Coordinate same with co-trustee if necessary, and ensure proper remittances. Must be undergraduate degree from a four-year college/university required or Equivalent Experience. MBA, JD desired. Must have 2-5 years of experience in the financial services industry with client-facing experience. CPA or CFP desired.

Additional info

Reference Id: 829005

Company info

Hiring Coordinator
Franklin Templeton Investments.
85 Broad Street
New York City, NY 10004

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