South Dakota · Public trust company
Cresset Trust Company, LLC
Services offered
- Full / co- / directed / delegated trustee roles (as published)
- South Dakota situs trust administration
- Complex / special-asset oversight as described by the firm (real estate, closely held assets, and similar as marketed)
Who it is for
- UHNW / family-office clients on the Cresset platform
- Families and counsel seeking South Dakota directed or full trusteeship
Sourced facts
- Appears on SD Division of Banking September 2026 roster as Cresset Trust Company, LLC, TC.102-2 (public), Sioux Falls Suite 131, first issuance 03/30/2015.
- Firm site states it is a South Dakota Chartered Public Trust Company and publishes explicit Directed Trustee role definitions.
- Firm site states flat annual fees not tied to trust size (fee-structure claim only; no dollar amounts reprinted here).
Notes
Cresset Trust Company, LLC is on the South Dakota Division of Banking September 2026 roster as a public trust company (TC.102-2), first issued 30 March 2015, at 212 S. Main Ave., Suite 131, Sioux Falls. Cresset’s trust page presents it as a South Dakota Chartered Public Trust Company inside the family-office platform and lists Directed Trustee as a distinct role: administration, situs, tax coordination, and money movement while investment and distribution decisions sit with others. Full, co-trustee, and delegated roles are also published. The firm states it was founded in 2015.
Use the directed seat when counsel wants that split. If the family wants Cresset on the investment side, say so and price the platform conflict. The site also claims flat annual fees not tied to trust size — treat that as a structure claim and ask for a current quote. Do not treat marketing asset figures as a regulatory AUM filing.
What to verify next
Strong public directed-trustee product page plus a long-standing SD public credential. Confirm whether outside (non-Cresset) advisors can direct investments on equal terms, which entity signs, and special-asset capacity. Ask for customized fee quote; do not invent fees. Omit AUM.