Handle the money meant for investing into a trust and ensure it is placed into the trust, as well as ensure that the due outgoing payments are made to the beneficiaries compliant with the terms of the trust.
handle investments in trusts
handle trust investments
Skill reusability level
Relationships with occupations
Maintain trusts is an essential skill of the following occupations:
Personal trust officer: Personal trust officers monitor and administer personal trusts. They interpret trust and testamentary documentation accordingly, interact with financial advisors to define the investment goal for the achievement of trust objectives, coordinate the purchase and sale of securities with account executives and review clients’ accounts regularly.
Maintain trusts is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
Financial auditor: Financial auditors collect and examine financial data for clients, organisations and companies. They ensure the financial data is properly maintained and free of material misstatements due to error or fraud, that it adds up, and functions legally and effectively. They review lending and credit policies or numbers in databases and documents, evaluate, consult and assist the source of the transaction if necessary. They use their review of the client’s financial governance as assurance to give testimony to the shareholders, stakeholders and board of directors of the organisation or company that all is up to par.
- Maintain trusts – ESCO