Lafayette J. Beasley
Atlanta,GA
Summary
Business development and client services expert with extensive experience in trust account administration and compliance. Proven ability to cultivate strong client relationships and drive revenue growth while maintaining strict adherence to regulatory standards.
Overview
1
1
Certification
16
16
years of professional experience
Work History
Trust Account Executive
LB Executive Services LLC
11.2024 - Current
- Engaged with clients and prospects to build and transfer wealth tailored to their unique goals, while delivering a high-quality experience.
- Provided fiduciary administration support including the review of trust instruments, participating in matters where the trustee is exercising discretion, managing risk, and conducting periodic trust reviews.
- Collaborated with Bank of America Private Bank Trust Officers and Trust Support associates on trust account administration and investment management tasks, enhancing operational efficiency.
- Managed account oversight by tracking revenue and expense recognition processes, ensuring accurate financial reporting.
- Acted as the main point of contact between advisors, clients, custodians, and the Operations team
- Coordinated investment management accounts, facilitating account openings, closings, money movement, and maintenance for seamless client service.
- Ensured compliance with regulatory and legal requirements related to client accounts and portfolio.
Trust Officer II
Advocacy Trust LLC
Atlanta, GA
09.2021 - 11.2024
- Oversaw day-to-day operations of trust investment management, ensuring accurate reconciliation and compliance with standards.
- Managed a diverse portfolio of trust accounts, ensuring compliance and optimal client service.
- Implemented Trust plan based on legal documents and client needs and goals.
- Coordinated internal and external client interactions to facilitate effective trust implementation and management.
- Maintained proactive communication with clients and case management teams to improve service delivery.
- Managed new account setups and handled related correspondence.
Trust Advisor I
The Centers for Special Needs Trust
Clearwater, FL
01.2016 - 08.2021
- Managed over 500 Trust accounts, generating $200,000+ in annual fees and maintaining $5 million in assets.
- Administered substantial personal Trust book to enhance client experience and operational efficiency.
- Executed account transactions in compliance with legal and regulatory standards, contributing to high client satisfaction.
- Analyzed financial needs to deliver tailored fiduciary recommendations that supported estate objectives.
Trust Administrator
The Centers for Special Needs Trust
Clearwater, FL
06.2010 - 12.2015
- Reconciled bank accounts and collaborated with accounting teams to ensure fiduciary compliance. Worked cross functionally to ensure account accuracy and fiduciary compliance.
- Supported trust administration and client service initiatives, resulting in improved operational workflows.
- Facilitated communication between beneficiaries and service providers, ensuring timely resolution of client inquiries.
- Engaged in proactive outreach and relationship management, strengthening client retention efforts.
Education
Bachelor of Science - Economics, Business Administration
Florida Agricultural and Mechanical University
Tallahassee, FloridaSkills
- Trust administration
- FIS trust platform
- Black Diamond reporting tools
- SAFE compliance software
- Schwab CRM systems
- Salesforce CRM
- Addvantage accounting systems
- Truelink disbursements
- Microsoft Office Suite
Certification
- Certification, Association of Certified Anti-Money Laundering Specialists.
- Trust and Estate Professionals Association
Accomplishments
- Generated over ~$1M in annual fees through effective trust management.
- Successfully managed a personal trust book of business exceeding $60 million in assets.
Timeline
Trust Account Executive
LB Executive Services LLC
11.2024 - Current
Trust Officer II
Advocacy Trust LLC
09.2021 - 11.2024
Trust Advisor I
The Centers for Special Needs Trust
01.2016 - 08.2021
Trust Administrator
The Centers for Special Needs Trust
06.2010 - 12.2015
Bachelor of Science - Economics, Business Administration
Florida Agricultural and Mechanical University