Richard Navalany
Port Washington
Summary
Senior Trust Administrator with extensive experience at TIAA Trust, N.A., overseeing $1.1 billion in assets. Expert in trust administration and compliance, with strong analytical skills and a proven track record of managing complex fiduciary issues and collaborating with advisors to achieve client objectives.
Overview
26
26
years of professional experience
Work History
Senior Trust Administrator
TIAA Trust, N.A.
06.2010 - Current
- Managed day to day administration of over 570 investment management and trust accounts, totaling over $1.1 billion in assets.
- Collaborated with wealth management advisors, portfolio managers, wealth planning specialists, and outside lawyers and accountants to achieve clients' objectives.
- Served on the Discretionary Action Committee, reviewing trust discretionary disbursement requests, and the Account Acceptance Committee, reviewing and analyzing prospective new trusts.
- Conducted regular reviews of trust accounts, ensuring compliance with TIAA and regulatory policies and procedures.
Assistant Vice President
Wilmington Trust
06.2006 - 06.2010
- Managed UHNW relationships as primary point of contract for all bank services and as a liaison between the bank team and clients' outside advisors.
- Administered over 150 trust accounts, which included the preparation and review of discretionary distribution requests, analyzing trusts and wills, and the implementation of complex estate plans.
- Assisted the Chief Fiduciary Officer with complex fiduciary issues, formulating policies and procedures for trust administration, and annual reviews of all trusts administered in the New York office.
Assistant Vice President
Deutsche Bank
06.2003 - 06.2006
- Administered more than 250 trusts as a HNW Trust Officer.
- Managed all administrative matters, including discretionary requests, annual reviews, interpretation of trust documents, and responding to daily inquiries from beneficiaries and their advisors.
- Supported sales executives by attending client meetings and by representing Deutsche Bank at estate planning conferences.
Trusts and Estates Consultant
Merrill Lynch
10.2002 - 06.2003
- Terminated trust accounts, which required coordination between beneficiaries and outside institutions to obtain final accountings and transfers of assets.
Senior Trust Officer
Morgan Stanley
12.1998 - 09.2002
- Supervised a team of five junior trust officers, which included training, and implementation of new policies and procedures.
Education
J.D. -
Hofstra University
Hempstead, NY06-1998
Bachelor of Arts -
New York University
New York, NY06-1993
Skills
- Trust administration expertise
- Proficient with Microsoft Word and Excel
- Oral and written communication skills
- Analytical skills and attention to detail
Timeline
Senior Trust Administrator
TIAA Trust, N.A.
06.2010 - Current
Assistant Vice President
Wilmington Trust
06.2006 - 06.2010
Assistant Vice President
Deutsche Bank
06.2003 - 06.2006
Trusts and Estates Consultant
Merrill Lynch
10.2002 - 06.2003
Senior Trust Officer
Morgan Stanley
12.1998 - 09.2002
J.D. -
Hofstra University
Bachelor of Arts -
New York University
Similar Profiles
Troy ClementTroy Clement
Vice President/Business Support Manager/Account Manager/Account Associate at Wells Fargo Bank, N.A. (acquired by Computershare Trust Company, N.A. Nov.2021)Vice President/Business Support Manager/Account Manager/Account Associate at Wells Fargo Bank, N.A. (acquired by Computershare Trust Company, N.A. Nov.2021)
Nicholas AzzaritaNicholas Azzarita
Internal Trust Consultant at Raymond James Trust, N.A.Internal Trust Consultant at Raymond James Trust, N.A.
Jeannine BrzezinskiJeannine Brzezinski
Wealth Administrator at The Glenmede Trust Company N.A.Wealth Administrator at The Glenmede Trust Company N.A.