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Trust Operations & Fiduciary Responsibilities

Advisory and audit services tailored to the unique needs of trust companies and fiduciary service providers.

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Supporting Sound Fiduciary Oversight in a Complex Environment

Trust companies operate under a unique set of pressures,balancing fiduciary duty, client expectations, and ever-evolving regulatory scrutiny. Whether you’re a state-chartered independent or part of a larger institution, Saltmarsh understands the complexity of your operations and the risks you manage. Our team delivers independent reviews and advisory services that strengthen compliance, improve oversight, and support confident growth.

Saltmarsh works with trust companies and fiduciary organizations to strengthen operational oversight, support regulatory compliance, and enhance internal governance. Our team brings specialized experience in trust auditing, BSA/AML compliance, IT controls, and emerging areas like third-party risk, all delivered with the service and expertise you expect from a long-standing advisor.

Why Trust Companies Work With Saltmarsh

Trust operations aren’t like traditional banking. They require deeper attention to control processes, client asset management, and fiduciary obligations. Saltmarsh understands those differences and we’ve built our approach accordingly.

Clients choose Saltmarsh because:

  • We speak the language of both compliance and client service. Many of our consultants come from trust or bank backgrounds and understand the dual focus on regulation and relationship-building.

  • We tailor our reviews to your charter and structure. Whether you’re a standalone trust company or part of a bank, we adapt to your unique oversight model.

  • We offer breadth without the bloat. From internal audit and IT to BSA/AML and third-party risk, we provide high-quality reviews without layers of bureaucracy.

Most of all, we grow with you. Many of our trust clients start with a single service and expand over time, building a lasting partnership based on responsiveness, clarity, and results.

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Explore More Services:

Banks
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Internal Audit
FDICIA 363 Consulting & Readiness
Credit Quality Reviews
ACH Reviews & Risk Assessments
BSA, AML, OFAC, and CFT
Fair Lending & UDAAP Risk Reviews
CRA Services 
Asset Liability Management Review
Information Systems & Cybersecurity Audits
Trust Operations & Fiduciary Responsibilities
Advisory, Training, and Coaching

Our Services for Trust Companies

We support trust companies with a range of independent reviews and advisory services designed to support regulatory compliance, operational excellence, and fiduciary responsibility.

Trust Company Internal Audit

Independent evaluation of trust operations, accounting processes, investment management practices, and fiduciary controls.

BSA/AML/OFAC/CFT

Support for trust companies subject to anti-money laundering requirements, including risk-based testing and control assessments.

Information Technology & Cybersecurity Reviews

IT audits and security assessments designed for trust organizations, focused on access controls, vendor oversight, and operational resilience.

Third-Party Risk Management (TPRM)

Evaluation of vendor management policies and practices, tailored to the growing expectations placed on trust and fiduciary providers.

Regulatory Exam Preparation & Response

Support before, during, and after your state or federal exam, from documentation prep to remediation strategies.

Customized Consulting & Advisory Support

Ad-hoc guidance across a range of trust-related topics, including risk assessments, governance, and emerging operational issues.

People and Practices. The team is well trained, knowledgeable, experienced, accessible, and demonstraates good communication skills. Fieldwork, deliverables and presentations are first class. Our team at the bank always has good dialogue with Saltmarsh, and we learn something with each engagement.
Piedmont Federal Savings Bank NC

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Get the Most Recent Updates at a Glance

Recent & Upcoming Regulatory Compliance Changes – Quarterly Update

This document includes concise summaries of the most material developments over the past quarter. It’s ideal for those who need a quick, focused view of what’s changed since the last report.

What’s inside:

  • Key updates from CFPB, OCC, FDIC, FRB, and HUD
  • Effective dates and impact levels
  • Hyperlinked citations to original rules
  • Summaries of rescinded, vacated, or delayed provisions

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Focused on the Fiduciary Difference

Trust companies carry a different kind of responsibility, and we approach our work accordingly. Every engagement is shaped by a deep understanding of fiduciary duty, client asset protection, and regulator expectations.

While our roots are in financial institutions, our growing trust practice reflects a broader commitment to helping fiduciary providers operate with confidence, clarity, and control.

Whether you’re a state-chartered trust company looking for your first internal audit or a long-established firm seeking support across multiple compliance areas, Saltmarsh offers a better way to meet your obligations, and exceed expectations.

Let’s Talk

Whether you’re preparing for an exam, building out your internal audit program, or addressing specific fiduciary risks, we’re here to help. Contact our Trust & Fiduciary team today to start the conversation.

 

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