Formation of Trust Companies and Investment Advisers


Our team 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 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.

Once the charter or registration has been approved, out team will work with you to craft a compliant compliance program, which includes required policies, procedures and disclosures, as well as risk-based compliance and audit testing processes.  We will also provide guidance and make recommendations on matters including corporate governance, strategic planning and staffing.  We can also provide coaching on how to plan for and execute successful regulatory examinations.

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