Kropschot Consulting Partners, LLC is a consulting firm that excels in fiduciary compliance and risk management for trust companies, trust departments, and registered investment advisers. The firm is spearheaded by the seasoned and knowledgeable founder and president, Jeff Kropschot, who hails from a lineage of banking professionals. The firm provides a broad spectrum of services to aid financial institutions in navigating intricate regulatory landscapes.

Jeff Kropschot, with his 30 years of experience in the banking industry and certification as a compliance professional, brings a treasure trove of expertise to the firm. His past roles at A.G. Edwards Trust Company and Edward Jones Trust Company reflect his profound understanding of the industry.

A primary service offered by Kropschot Consulting Partners is BSA/AML compliance. They aid clients in creating and executing formal compliance programs to manage business risk and ensure compliance with laws, regulations, and internal policies. Their seasoned team performs risk-based testing and audits, delivering detailed written reports of findings to leaders and governance committees. This enables clients to pinpoint areas for improvement and implement corrective measures.

Beyond compliance testing and audits, the firm also provides exam preparation and administration services. Their team assesses clients' preparedness for regulatory examinations, provides guidance on the examination process, and assists with responding to pre-examination information requests. Serving as a go-between during onsite examinations, they collaborate closely with clients to address any issues highlighted in the examination report, ultimately aiding them in achieving the best possible regulatory examination outcomes.

Kropschot Consulting Partners also excels in providing expert witness services for legal matters related to trust and investment advisory activities. Their proficient professionals deliver clear and persuasive testimony and analysis of evidence during litigation, offering invaluable support to clients in legal proceedings.

For potential trust companies and investment advisers, the firm provides advice and counsel throughout the application process. Their team of former regulators and executive officers assists clients in assembling and submitting the necessary application materials, guiding them through the application and approval process. They also offer advice on corporate governance, strategic planning, and staffing, aiding clients in developing compliant compliance programs.

Kropschot Consulting Partners also provides legislative and regulatory tracking services to help businesses stay abreast of changes in laws and regulations. Their professionals review and analyze new and evolving laws and regulations, suggesting necessary modifications to policies and procedures. They also submit comment letters to regulators, expressing concerns and striving to mitigate the impact of proposed actions.

In conclusion, Kropschot Consulting Partners, LLC is a respected consulting firm that provides a wide range of services to financial institutions. With their profound industry knowledge, vast experience, and dedication to ensuring compliance with relevant laws and regulations, they are a valuable ally for clients aiming to achieve their strategic and tactical goals while effectively managing risk.