# FCI Advisors

> FCI Advisors is an SEC-registered investment advisory firm in Overland Park, KS, registered since 1995, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 106398
- Filed as: FCI ADVISORS
- Legal name: Financial Counselors Inc
- Also doing business as: FCI ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Overland Park, KS
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106398
- AdvisorCensus page: https://advisorcensus.com/firm/fci-advisors-overland-park-ks-106398

## Quick answers

**How is FCI Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), FCI Advisors reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is FCI Advisors located?**
FCI Advisors' principal office is in Overland Park, KS, according to its Form ADV; the September 2025 filing also lists 1 other office (Schedule D, Section 1.F).

**Is FCI Advisors registered with the SEC or a state?**
FCI Advisors is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 106398.

**How much does FCI Advisors manage?**
FCI Advisors reports $1,469,039,173 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary).

**How have FCI Advisors' assets and staff changed since 2021?**
In the Form ADV data for FCI Advisors: Regulatory assets under management: $12,404,221,285 in the October 2021 data and $1,469,039,173 in the October 2026 data, down 88%. Total employees: 65 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does FCI Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (433); corporations or other businesses not listed above (29); charitable organizations (19).

**Which custodians does FCI Advisors use?**
FCI Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists 5901 College Boulevard Suite 100 (affiliated with the firm), Northern Trust Securities, Inc. and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets.

**Does FCI Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106398

**What changed in FCI Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,902,330,516 to $1,469,039,173 (-23%). No longer lists an office in Kansas City, MO. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- 5901 College Boulevard Suite 100 (affiliated with the firm)
- Northern Trust Securities, Inc.
- UBS Financial Services Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,469,039,173
- Discretionary: $1,463,669,595
- Non-discretionary: $5,369,578

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 433 | $122,817,730 |
| High net worth individuals | 16 | $31,988,986 |
| Banking or thrift institutions | Fewer than 5 | $529,716,815 |
| Investment companies | 1 | $12,863,606 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $136,873,299 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $173,108,351 |
| Charitable organizations | 19 | $40,906,935 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $342,458,160 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | 5 | $17,195,745 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | 29 | $61,109,546 |
| Other | Not reported | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1995 (31 years)
- Employees: 22 total, 6 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2025 filing
- Kansas City, MO

### Websites listed on Form ADV (Item 1.I)
- fciadvisors.com
- vimeo.com/fciadvisors
- Facebook @FCI-Advisors-1342082802494563
- LinkedIn @financial-counselors-inc-
- X @FCIADVISORS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,404,221,285 | 65 | August 11, 2021 |
| October 2022 | $14,471,827,462 | 61 | March 9, 2022 |
| October 2023 | $12,844,217,759 | 67 | May 22, 2023 |
| October 2024 | $15,083,813,669 | 68 | May 24, 2024 |
| October 2025 | $17,027,361,837 | 70 | March 26, 2025 |
| October 2026 | $1,469,039,173 | 22 | March 12, 2026 |

Regulatory assets under management: $12,404,221,285 in the October 2021 data and $1,469,039,173 in the October 2026 data, down 88%.
Total employees: 65 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,902,330,516 to $1,469,039,173 (-23%).
- No longer lists an office in Kansas City, MO.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Employees performing advisory functions went from 41 to 6.
- Regulatory assets under management went from $17,027,361,837 to $1,902,330,516 (-89%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FCI Advisors (CRD 106398): Form ADV filing data as of October 2026.