Fiduciaries today face a growing list of duties and regulatory expectations, with the duty of loyalty remaining one of the most essential. This core obligation requires fiduciaries to act solely in the best interests of the trust and its beneficiaries. At the same time, they must navigate an increasingly complex framework of laws, regulations, and industry best practices. Staying current with these evolving requirements can be overwhelming and resource‑intensive.

As expectations continue to rise, trust companies and trust departments are more vulnerable than ever to regulatory scrutiny. When compliance gaps go unaddressed—or when failures are significant—firms may face fines, penalties, enforcement actions, restrictions on business activities, and long‑term reputational harm.

Kropschot Consulting Partners brings decades of fiduciary and regulatory experience to help institutions confidently meet these challenges. 

We specialize in:

• Guiding trust companies and trust departments through the full spectrum of fiduciary laws, regulations, and standards
• Keeping clients apprised of and in alignment with evolving regulatory expectations
• Developing risk‑based policies, procedures, and controls that strengthen compliance and oversight
• Designing and implementing formal remediation plans for organizations that have fallen short of fiduciary obligations, ensuring issues are corrected and do not recur

In an environment where qualified fiduciary risk and compliance professionals are increasingly difficult to find and costly to hire, we offer efficient, scalable and cost‑effective risk management, compliance and audit solutions. We equip fiduciaries with the expertise, structure, and support they need to remain compliant and achieve their strategic objectives.