ANDREW L. THOMAS
Vero Beach,FL
Summary
Experienced, successful Trust and Investment Specialist with expertise in Personal Trust Administration, Legal and Risk Management services. Proven track record in relationship management, master custody, investment management, and on-line services. Recognized for integrity, exceptional customer service and client orientation. Superior interpersonal and communication skills with over 30 years of visible achievements in the Banking, Trust and Investment Management segment.
Performance-driven Vice President with 30 years of experience aligning systems with business requirements, policies and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams. Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.
Overview
47
47
years of professional experience
1
1
Certification
Work History
Vice President/Senior Fiduciary Advisor
PNC PRIVATE BANK
01.2019 - Current
- Managed the largest book of Trust and Investment accounts in the state of Florida for PNC Private Bank in the Vero Beach office
- Responsible for supervision of 200 accounts including Irrevocable Trusts, Revocable Trusts as well as Investment Management accounts and over $250 million in assets under management.
- Monitored Trusts for distributions, tax filings, overdrafts, as well as monthly account reviews.
- Successful in developing relationships with client's CPA's and Attorneys to confirm all Estate Planning options available to client's and their beneficiaries.
Vice President/Trust Advisor, Private Wealth Management
SUNTRUST BANKS
01.2008 - 01.2019
- Managing and administering 215 Investment and Trust clients in Florida market with over $230 Million is assets under management
- Work closely with Investments, Tax, and Real Estate divisions to assist client’s with Estate Planning and transfer of wealth using all current tax and wealth planning tools
- Successful in all Reg 9 compliance requirements for all Irrevocable Trust and Investment Management accounts within accounts administered
- Work extensively with current and remainder beneficiaries for annual account compliance issues including discretionary request, tax compliance, legal and risk management issue
- Very successful in retention of accounts from 2008 to present with annual retetion rate above 95% annually.
Vice President/Trust Officer, Trust Services
WACHOVIA BANK
01.2007 - 01.2008
- Managed and administered approximately 175 Investment and Trust clients in Columbus, Georgia market with assets of over $225M
- Achieved client success by working with their attorneys, CPA's for optimum planning for transfer of family wealth in the most tax efficient manner
- Successful in bringing office in compliance at 96% within 3 months of starting with Columbus, Georgia Trust group.
Vice President/Trust Officer, Trust & Investment
MERCANTILE BANK
01.2005 - 01.2007
- Managed and administer approximately 75 Banking and Investment clients throughout Florida with asset of over$50M
- Assisted clients and their Legal Advisors with Estate and Trust Planning including reviewing of all legal documents to ensure all legal and compliance needs are met for the bank as well as all clients.
- Worked with all aspects of administration of trust and investment management accounts.
- Facilitated opening and closing of accounts for entire of State of Florida to make sure all paperwork is completed and all assets transfers are done in an efficient manner.
Vice President/Trust Officer, Private Bank-Trust Services
BANK OF AMERICA
01.2003 - 01.2005
- Managed approximately 125 high net worth Banking and Investment clients with assets of over $200M.
- Generated over $10M additional funding from major accounts resulting from satisfaction and strength of ckient relationships.
- Presented clients with assistance in planning for succession of wealth to both income and remainder beneficiaries.
Vice President/Relationship Manager
SUNTRUST BANKS
01.2001 - 01.2002
- Managed over 40 Foundation and Endowment relationships with assets of over $300M
- Earned “at risk” account valued at $35M in custody by assessing and meeting customer requirement, and providing outstanding service
- Facilitate updating of client investment policies and guidelines, asset allocation, and rebalancing of all portfolios with individual Portfolio Managers
- Accomplished oversight of 100 accounts including master custody, Foundation Grant Management, Gift Clearing, statement review and printing
- Provide assistance to charitable organizations in establishing Planned Giving programs and administering Charitable Remainder & Lead Trusts, Pooled Income Funds, and Gift Annuities
Senior Account Administrator, Institutional Account Administration
BANK ONE
01.1998 - 01.2001
- Supervised examination and collection of data for 5,000 Foundation and Endowment accounts including document review, Trust System download, spreadsheet analysis, and interviewing staff for migration to Non-Profit Administration Unit.
- Managed Cemetery/Funeral Trust Account Administration requiring supervision of 400 records for daily accounting, asset allocation, and investment review of over $300M in trust assets
- Facilitated closure of 400 records and transfer of assets, while averting any company losses during divestiture of cemetery/funeral trust business
Personal Trust Administrator, Trust Company
HUNTINGTON BANKS
01.1994 - 01.1998
- Oversight and administration of Funeral Trust program requiring accounting and asset allocation of over $28M in trust and insurance assets
- Collaborated with trust record-keeping department to compile monthly participant reports for all clients including allocation of earnings and expenses
- Manage approximately 75 Personal Trust and Investment clients with assets of over $15M
- Worked extensively with Tax and Investment management to confirm compliance with State and Federal Regulations.
Bailiff/Deputy Clerk
FRANKLIN COUNTY PROBATE COURT
01.1977 - 01.1994
- Responsible for performing diversified administrative and accounting activities in high volume Probate department
- Experienced in administering Probate estates, trusts, and guardianships with emphasis on review of all filings according to Ohio Codes.
- Managed 2,500 guardianship cases for annual account activity, which includes location of all assets, receipts and disbursements, annual reconciliation, and assisting to determine optimum investment decisions
- Promoted to Court Investigator of guardianship cases requiring visitation with proposed wards and filing report for hearings
- Communicated with Children Services, Health and Human Services, Adult Protective Services, County Board of MRDD, Auditor, Treasurer, Recorder, Engineer and Social Security offices.
Education
B.S., Business Administration -
The Ohio State University
Columbus, OHSkills
- Policy and Procedure execution and analysis
- Mortgage Banking and Analysis
- Critical Thinking for administration of Trust accounts
- Process Improvement and Optimization
- Sustain all State and Federal Rules and Regulations
- Conflict Resolution
- Partnerships and Affiliations with all client COI's
- Project Oversight
- Business Growth and Marketing Strategies
Accomplishments
- Collaborated with Private Bank Team team to secure additions to Trust accounts of $10M in additional funding in 2022.
- Successful use of Microsoft Excel to monitor progress of beneficiary contact program.
- Documented and resolved several Trust beneficiary complaints while working closely with PNC internal counsel.
- Supervised team of 5 interns for Revocable Trust project to secure and document KYC and AML information to align all accounts for compliance and risk management regulations.
- Achieved future fee appointments for Bank through effectively working with client attorneys and CPA's.
Training
- American Bankers Association Graduate Trust School, Emory University, Atlanta, GA
- American Bankers Association National Trust School, Emory University, Atlanta, GA
- School of Foundation Management, Cannon Financial Services, Phoenix, AZ
- Personal Trust II, Cannon Financial Services, Hilton Head, S.C.
- Investment Fundamentals, Cannon Financial Services, Orlando, FL
- Personal Trust 2, Midwest Trust School, Ohio University, Athens, OH
- Personal Trust 1, Midwest Trust School, Ohio University, Athens, OH
Certification
- Advanced Degree in Endowment and Foundation Mamagement, 2001, Cannon Financial Services, Phoenix, AZ
- National Trust School Certification, 2009,American Bankers Association, Emory University, Atlanta, GA
- Graduate Trust School Certification, 2011, American Bankers Association, Atlanta, GA
College Softball Umpire, High School Volleyball Referee.
Trained to officiate College Division 1, 2, 3 and NAIA softball games. Also trained in Middle School and High School level Volleyball.
Timeline
Vice President/Senior Fiduciary Advisor
PNC PRIVATE BANK
01.2019 - Current
Vice President/Trust Advisor, Private Wealth Management
SUNTRUST BANKS
01.2008 - 01.2019
Vice President/Trust Officer, Trust Services
WACHOVIA BANK
01.2007 - 01.2008
Vice President/Trust Officer, Trust & Investment
MERCANTILE BANK
01.2005 - 01.2007
Vice President/Trust Officer, Private Bank-Trust Services
BANK OF AMERICA
01.2003 - 01.2005
Vice President/Relationship Manager
SUNTRUST BANKS
01.2001 - 01.2002
Senior Account Administrator, Institutional Account Administration
BANK ONE
01.1998 - 01.2001
Personal Trust Administrator, Trust Company
HUNTINGTON BANKS
01.1994 - 01.1998
Bailiff/Deputy Clerk
FRANKLIN COUNTY PROBATE COURT
01.1977 - 01.1994
B.S., Business Administration -
The Ohio State University
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