The Challenge for Fiduciaries

Fiduciaries face an increasing number of duties and responsibilities, with the duty of loyalty being one of the most critical. This duty mandates that fiduciaries act solely in the best interest of the trust and its beneficiaries. Additionally, fiduciaries must navigate a complex landscape of laws, regulations, and best practices designed to ensure proper conduct. Keeping up with these evolving duties and requirements can be challenging and time-consuming.
As a result, trust companies and trust departments are vulnerable to regulatory scrutiny if they fail to stay informed and comply with these expectations. When such failures are significant or egregious, they can lead to regulatory issues, including fines, penalties, and enforcement actions. These consequences can harm a firm's reputation, limit business opportunities, and have substantial financial repercussions for noncompliant institutions.
- With decades of experience, Kropschot Consulting Partners specializes in guiding trust companies and trust departments through the complexities of fiduciary laws, regulations, and standards to ensure full compliance.
- Kropschot Consulting Partners assists our clients in staying up-to-date with evolving legal and regulatory requirements, while developing risk-based policies, procedures, strategies, and controls to ensure compliance.
- For clients who have not fully met their fiduciary responsibilities, Kropschot Consulting Partners designs and implements formal remediation plans to address issues and prevent them from recurring.
In an environment with limited financial resources and access to knowledgeable, skilled fiduciary risk management and compliance professionals, our solutions provide fiduciaries with efficient, cost-effective alternatives to meet compliance requirements and achieve their strategic goals.
Why Choose Kropschot Consulting Partners?
3 Generation Family Banking Legacy

Jeff Kropschot, Founder and President of Kropschot Consulting Partners, brings over 100 years of family banking legacy to his work as a former bank and trust regulator and Chief Compliance Officer. His team at Kropschot Consulting Partners offers expert fiduciary audit, compliance, and risk management services to trust companies, trust departments, and registered investment advisers.
Kropschot Consulting Partners Mission Statement

Kropschot Consulting Partners works in partnership with banks, trust companies and investment advisers to help them achieve their strategic and tactical objectives, while complying with applicable laws, regulations and industry standards.
Value Proposition

We apply our significant experience and capabilities, developed on both sides of the regulatory table, to help clients recognize their full potential.
- We provide expertise, built on three generations of banking and regulatory experience, to create a strong foundation for your success.
- We work in partnership, to help you safely navigate the ups and downs of today’s increasingly complex regulatory environment.
- We offer solutions, to allow you to successfully execute your business plan, reach your summit and gain perspective.
Our team of experienced professionals includes former regulators, fiduciary risk practitioners, BSA/AML/OFAC Officers and Chief Compliance Officers who understand current and evolving regulatory audit, compliance and risk management expectations. With our vast experience, we can capably address most any need you might have.
Our Services
