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Professional Fiduciaries Bureau reports 866 active licenses, 174 complaints in FY 2024–25
Summary
Program manager Cynthia Antar presented licensing and enforcement statistics showing 1,531 total licenses ever issued, 866 active licenses at June 30, 2025, and 174 complaints received in the fiscal year; average complaint closure time was 149 days.
Cynthia Antar, program manager for the Professional Fiduciaries Bureau, presented licensing and enforcement statistics for fiscal year 2024–25 to the advisory committee on Sept. 10.
Antar said the bureau has issued 1,531 total licenses since inception and, as of June 30, 2025, there were 866 active licenses, 17 inactive and 29 retired. The bureau received 99 initial applications to take the exam and issued 96 new licenses during the fiscal year. Processing times reported for the fourth quarter were 36 days to approve completed exam applications and 8 days to issue a license after passing the exam. Renewals numbered 791 for the year with an average fourth-quarter processing time of 26 days.
On enforcement, Antar reported the bureau received 174 complaints during the fiscal year, closed 101 complaints with an average of 149 days to close, and had 171 complaints pending at the end of the reporting period. The bureau issued 9 citations and referred 3 cases to the Attorney General’s office for possible disciplinary action.
During public comment, James Counts praised the increase in new licensees but said the bureau will need further growth in licensees — and possibly other revenue increases — to offset recent expenditure increases. Another public commenter, identifying as a newly licensed fiduciary, asked for more accessible, detailed licensing data so practitioners can refer clients to specialists within the profession.
Ending: The statistics reflect activities “within the bureau’s control,” Antar said, and the bureau noted that exam-provider wait times are outside its authority.
