Fiduciaries are are subject to an increasing number of fiduciary duties and responsibilities. Arguably, the most important of these fiduciary duties is the duty of loyalty, which requires a fiduciary to act solely in the best interest of the trust and its beneficiaries.  Fiduciaries are also subject to a wide variety of laws, regulations and best practices, intended to promote proper conduct by fiduciaries. Staying current and complying with the myriad of these evolving duties and requirements is difficult and time-consuming. Consequently, trust companies and trust departments are highly susceptible to regulatory criticism for failure to be aware of and comply with regulatory requirements and expectations. If these actions are particularly significant or egregious, they can result in regulatory matters requiring attention and the imposition of fines, penalties and enforcement actions that can damage reputation, limit strategic business opportunities and have significant financial impacts to a noncompliant financial institution. 

• Our professionals have decades of experience in helping trust companies and trust departments understand and comply with fiduciary laws, regulations and standards.
• We help our clients stay abreast of evolving legal and regulatory requirements and formulate risk-based policies, procedures, strategies and controls to promote compliance with the same.
• For those who have not properly fulfilled their fiduciary responsibilities, we formulate and implement formal remediation plans to resolve problematic matters and prevent them from recurring.

In an environment of finite financial resources and limited access to knowledgeable, competent and experienced fiduciary risk management and compliance professionals, our solutions offer fiduciaries efficient and cost-effective alternatives to meet their compliance mandates and achieve their strategic objectives.