10 years of KENDRIS Trustees USA: A decade of trust
Today marks ten years since KENDRIS TRUSTEES (USA) LLC was established in 2016. We look back on a decade of development, changing client needs and long-term relationships – and ahead to the next chapter.
Over the past ten years, the international wealth structuring and trust landscape has evolved considerably. Families and their assets have become increasingly global, regulatory requirements have grown, and succession across generations has become more complex. As KENDRIS Trustees USA celebrates its tenth anniversary, we reflect on what has changed, what has remained constant and what lies ahead.
For the past decade, KENDRIS Trustees USA has had the privilege of supporting individuals and families, family offices, financial institutions and law firms with professional trustee, trust administration and advisory services. Our 10th anniversary is an opportunity to reflect on this journey – from our beginnings in South Dakota to the broader presence in the U.S. today.
From South Dakota to a broader U.S. presence
KENDRIS TRUSTEES (USA) LLC was established in Sioux Falls, South Dakota, in 2016 as part of KENDRIS' international fiduciary offering. It is a South Dakota chartered trust company, licensed and regulated by the South Dakota Division of Banking.
The rationale remains as relevant today as it was then. Families have become increasingly international. Assets, investments and family members frequently span several jurisdictions, while wealth structuring and succession need to accommodate different generations, personal circumstances and connections to the United States.
South Dakota provides an established and flexible framework for long-term trust and succession planning. KENDRIS Trustees USA supports both domestic U.S. and foreign trusts established in South Dakota, as well as domestication, migration or restructuring of a trust in coordination with the family’s legal and tax advisers.
Over the years, our US presence has developed further. In addition to Sioux Falls, we are today present in Miami and New York, bringing KENDRIS Trustees USA closer to clients and advisers across key U.S. markets.
Ten years of change – and continuity
The environment in which international families structure, preserve and transfer their wealth has evolved considerably in the past ten years. Families and their assets have become more internationally connected, regulatory and reporting requirements have increased, and questions surrounding succession and the transfer of wealth to the next generation have become increasingly complex.
Our international background has shaped our approach from the beginning. We seek to understand not only the trust structure, whether domestic or foreign, but also the wider circumstances of the family behind it. We work alongside the family’s advisers where ap-propriate. As part of the wider KENDRIS Group, KENDRIS Trustees (USA) LLC can draw on multidisciplinary and international expertise when required.
At the same time, some fundamentals have not changed. Trusteeship is a long-term responsibility. It requires continuity, independence, sound governance and an understanding of the objectives behind a structure. Above all, it requires strong relationships with the individuals and families whose interests are served.
These principles have guided KENDRIS Trustees USA throughout its first decade and will continue to do so.
Looking to the next generation
An anniversary naturally provides an opportunity to look back. For a trustee, however, looking forward is perhaps even more important.
The structures KENDRIS Trustees (USA) LLC administers today may accompany families for many years and across generations. As family circumstances evolve, the next generation becomes more involved and connections increasingly extend across borders, trustees need to be able to evolve with them while maintaining continuity.
As KENDRIS Trustees USA enters its second decade, our focus remains on the long term: continuing to develop agile and interdisciplinary capabilities as a full service provider, re-maining close to clients and their advisers, and helping families implement structures that reflect their individual circumstances and objectives.
Thank you for ten years of trust
Today is above all an opportunity to say thank you. We are proud of what has been built since 2016 and look forward to continuing this journey together – across generations and for many years to come, creating value that will stand the test of time.
Explore our US Trusts advisory services or visit the KENDRIS Trustees website.
