Fiduciary Responsibility Services
Fiduciary Responsibility refers to the commitment a fiduciary institution has to comply with the mandate given by the trustor in favor of the beneficiary or trustee. In order to accomplish this, the fiduciary institution must have, among other aspects, an optimal organizational structure, human and technological resources and clearly defined processes. The main goal is to successfully comply with third-party expectations. An inadequate behavior may translate into losses, for reasons that have nothing to do with the instructed, and in loss of trust.
Fiduciary Responsibility Rating
This service allows the client to obtain a rating regarding its fiduciary responsibility practices on a given date. This is done through a comprehensive situational analysis that includes fiduciary risk (management capability) and specific risk (of trust). It uses specially developed and adapted indicators based on international standards applicable in fiduciary responsibility matters.
Approximately, the service takes ten (10) weeks to be completed, and it includes gathering of information from secondary (i.e. organizational documents, policies, procedures, etc.) and primary sources (i.e. interviews and/or polls with key officials, visits to facilities, etc.), processing and analysis of information, and preparation of deliverables.
For more information, contact us.