U.S. Trust Private Client Advisor Reviews | Glassdoor

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U.S. Trust Private Client Advisor Reviews

Updated Mar 1, 2018

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3.7
72%
Recommend to a Friend
12%
Approve of CEO
U.S. Trust President Keith T. Banks
Keith T. Banks
6 Ratings
  1. "Private Client Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Private Client Advisor 

    I have been working at U.S. Trust

    Pros

    Great management and great earnings potential.

    Cons

    Stiff sales goals that need to be met.

    U.S. Trust2016-04-15
  2. "Comprehensive Fiduciary Platform"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Private Client Advisor in San Diego, CA
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at U.S. Trust for more than 8 years

    Pros

    Tons of resources, broad platform, smart people, hands off senior managers, great partnership opportunities across the enterprise and bank’s commitment to the community.

    Cons

    Singular focus on new business and little financial benefit or rewards for managing existing clients - conflict between Merrill and UST.

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    U.S. Trust2018-03-02
  3. Helpful (6)

    "Trust no one at US Trust"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Private Client Advisor in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at U.S. Trust full-time for more than 3 years

    Pros

    Training, seemingly nice working environment, people care about their clients. Fiduciary platform. As long as you are in favor, you're in good shape.

    Cons

    Management is horrible. Favorites are played. Agist organization. Look out if you are over 55...especially women (that goes for all of BofA). They read all of your emails too. Lots of little spies and miles in the organization so you have to watch your back constantly. Trust no one at US Trust.

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    U.S. Trust2016-05-08
  4. Helpful (3)

    "Private Client Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Private Client Advisor in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at U.S. Trust for more than 5 years

    Pros

    Well organized. Institution has earned a good reputation due to those in business development inter-facing.

    Cons

    Poorly Managed at the mid management levels.

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    U.S. Trust2015-10-05
  5. Helpful (2)

    "I've worn different hats and have had good and bad experiences depending on my manager."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Private Client Advisor in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at U.S. Trust full-time for more than 5 years

    Pros

    If you don't like it, wait and there will be change.

    Cons

    Constant change and brand is declining.

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    U.S. Trust2015-01-13
  6. "Not what it used to be"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Private Client Advisor in Naples, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at U.S. Trust full-time for more than 5 years

    Pros

    US Trust used to be one of the top wealth management - trust companies in the country; however, Bank of America could not resist altering it. As all Bank of America acquisitions go so went the venerable US Trust.

    Cons

    Bank of America is running the ship and it is a poor place to be served as a trust or wealth management client.

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    U.S. Trust2013-08-19
  7. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Private Client Advisor in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at U.S. Trust full-time for more than 3 years

    Pros

    culture, work/life balance, compensation, benefits. Very smart associates and teammates. Broad platform and offering. client focused.

    Cons

    constant negative perception created by outside media

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    U.S. Trust2013-01-22
  8. "constantly changing compensation plans"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Private Client Advisor in Nashville, TN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at U.S. Trust full-time for more than 3 years

    Pros

    Sorry, can't think of anything positive to say.

    Cons

    This place was horrible. Absolutely organized against the client, for the sole benefit of the bank. No commitment to excellence in service or advice, and a constantly changing/demeaning compensation structure for employees.

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    U.S. Trust2013-01-06
  9. "a terrific learning experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Private Client Advisor in Richmond, VA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at U.S. Trust full-time for more than a year

    Pros

    extensive resources, broad product range, professional support

    Cons

    colour within the lines approach, limited appetite for credit risk, tortuous credit process

    U.S. Trust2012-09-26
  10. Helpful (3)

    "Private Client Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Private Client Advisor in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at U.S. Trust full-time for more than 10 years

    Pros

    The worst may be over.... Sadly, the firm has deteriorated so much in the past 4 years since BofA purcahsed US Trust. Talent, the best clients, best managers, client assets - are all running for the exits. Fast. They only thing they can do is lend money and they really can't do that well because they can't be creative.

    Cons

    The worst may not be over.... Thye have lost all client focus. Sell product. Sell the proprietary idea of the day, or else. Who cares if it's appropriate?

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    U.S. Trust2012-10-09
Found 12 reviews