Our team of experts is comprised of former trust company and investment advisory regulators and executive officers.  We provide guidance and counsel to prospective trust companies and investment advisers as they evaluate the feasibility and advisability of applying for a trust company charter or registering as an investment adviser.  This process includes an evaluation of the costs and benefits associated with different types of trust company charter (national or state) or investment advisor registration (SEC or state) alternatives.  Assuming a decision is made to pursue a trust company charter or investment adviser registration, Kropschot Consulting Partners and its network of professionals will provide assistance in compiling and filing the charter application or investment adviser registration materials.  We will also work with the prospective regulator to guide the application/registration and approval process through to successful completion.

Benefits of Engaging Kropschot Consulting Partners

Benefits of hiring us to assist you with applying for and securing a trust company charter or RIA license include:

• Expertise With Regulatory Requirements - We understand the specific statutes, rules, administrative expectations and fiduciary duties associated with trust company charter and Registered Investment Adviser (RIA) license approvals.
• Faster and More Efficient Application Process - We can accelerate the preparation of key documents such as business plans, risk management frameworks, compliance manuals, policies & procedures, and financial projections. We know what regulators expect in an initial submission—which can reduce back‑and‑forth questions and speed approvals.
• Avoiding Costly Mistakes or Deficiencies - We can help you avoid applications that are incomplete or inconsistent and which often trigger delays or potential denials.
• Better Communication With Regulators - We can help craft responses to regulator questions, prepare executives for interviews, and manage communications professionally. We understand what regulators view as red flags and can guide you in presenting your prospective business in the most credible and compliant manner.
• Stronger Governance, Compliance, and Risk Frameworks - We can help you design board and committee governance structures, internal controls, compliance programs, policies and procedures, and required disclosures aligned with legal and regulatory requirements, as well as industry best practices. 
• Resource Augmentation - Most companies pursuing a trust company charter or RIA license do not yet have a full compliance or risk staff.
  We can serve as an initial or ongoing extension of your team during the high‑workload phase following approval of your charter or license. 
• Insights From Prior Applications - We have visibility into what has worked (and not worked) for other applicants—knowledge that can materially improve your likelihood of your charter or license approval.

Once the charter application or registration has been approved, our team can provide guidance and make recommendations on planning for and executing successful regulatory examinations.

We can also provide advice and guidance on charter/registration alternatives that may enhance efficiency, while reducing cost and regulatory burden.