Victor Schultz


As President & Chief Fiduciary Officer of Waukesha State Bank Wealth Management, Victor is charged with overseeing the wealth management division and related fiduciary issues, including retirement plans and investment management services and solutions.

Victor joined Waukesha State Bank Wealth Management in November of 2013, initially leading its team of personal trust and estate professionals. Prior to that time, Victor worked for Marshall & Ilsley Trust Company and BMO Harris Bank for 16 years. While there, he initially served as employee benefits counsel, then transferred to private wealth management where he managed the personal trust and not-for-profit services legal department and estate settlement group, and then served as the U.S. estate planning specialist for BMO Private Bank. Prior to joining M&I, Victor was a shareholder in the law firm of Cook & Franke, S.C. in Milwaukee, Wisconsin.

Victor has been one of the leaders in modernizing and rewriting Wisconsin’s laws on trust, including the Wisconsin Trust Code, Wisconsin Principal and Income Act and the Wisconsin Prudent Investor Act. He served as co-chair of the study group that drafted and enacted the Wisconsin Trust Code in December of 2013. He is now working on the trailer bill that will further refine and improve Wisconsin’s trust laws. Victor is a frequent speaker and has spoken to and served on numerous committees and study groups for local bar associations, the State Bar of Wisconsin, the Wisconsin Institute of CPAs and both the Wisconsin and American Bankers Associations. He is a leading advocate for corporate trustee business in Wisconsin and serves as a director of the Wisconsin Bankers Association Trust Banking Section and WBA Government Relations Committee. He also serves on the boards of the Ellinger Foundation, the Children’s Hospital Planned Giving Council, the Life Navigators Trust Committee, and the Wispact Attorney Advisory Council. Nationally, he has been a member of the National Conference of Lawyers and Corporate Fiduciaries and the American Bankers Association Trust Counsel Committee.

He received his law degree from Marquette University Law School and his undergraduate degree in accounting from UW–Madison. Victor and his wife, Jayna, live in Brookfield, Wisconsin and they have three daughters, Stacey, Melissa and Haylie.