{
  "crd_number": 149122,
  "slug": "fiduciary-consulting-group-greenwood-village-co-149122",
  "primary_business_name": "FIDUCIARY CONSULTING GROUP",
  "legal_name": "MORGAN STANLEY INSTITUTIONAL INVESTMENT ADVISORS LLC",
  "dbas": [
    "FIDUCIARY CONSULTING GROUP"
  ],
  "city": "Greenwood Village",
  "state": "CO",
  "country": "United States",
  "cbsa_code": "19740",
  "metro": {
    "cbsa_code": "19740",
    "common_name": "Denver",
    "msa_name": "Denver-Aurora-Centennial, CO",
    "path": "/advisors/co/denver"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-02-24",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-08-20",
  "carried_forward": false,
  "raum_total": 14731075301.0,
  "raum_discretionary": 14731075301.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 52,
  "advisory_employees": 33,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 941181721.0,
      "count": 8
    },
    "state_municipal": {
      "raum": 728014383.0,
      "count": 16
    },
    "pension_profit_sharing": {
      "raum": 13061879197.0,
      "count": 46
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "GA",
    "LA",
    "MO",
    "NC",
    "NV",
    "NY",
    "OR",
    "PA",
    "PR",
    "TX",
    "WA"
  ],
  "websites": [
    "https://linkedin.com/company/institutional-consulting-solution",
    "https://msiia.morganstanley.com/fiduciary-consulting-group"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149122",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "GREENWOOD VILLAGE",
  "url": "https://advisorcensus.com/firm/fiduciary-consulting-group-greenwood-village-co-149122",
  "display_name": "Fiduciary Consulting Group",
  "summary": "Fiduciary Consulting Group is an SEC-registered investment advisory firm in Greenwood Village, CO, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 20, 2026.",
  "citation": "AdvisorCensus. Fiduciary Consulting Group (CRD 149122): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Fiduciary Consulting Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Fiduciary Consulting Group reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Fiduciary Consulting Group located?",
      "a": "Fiduciary Consulting Group's principal office is in Greenwood Village, CO, according to its Form ADV; the September 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Fiduciary Consulting Group registered with the SEC or a state?",
      "a": "Fiduciary Consulting Group is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 149122."
    },
    {
      "q": "How much does Fiduciary Consulting Group manage?",
      "a": "Fiduciary Consulting Group reports $14,731,075,301 in regulatory assets under management in its Form ADV filing dated August 20, 2026 (100% discretionary)."
    },
    {
      "q": "How have Fiduciary Consulting Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Fiduciary Consulting Group: Regulatory assets under management: $126,910,860 in the October 2021 data and $14,731,075,301 in the October 2026 data, up 11507%. Total employees: 14 in October 2021 and 52 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Fiduciary Consulting Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (46); state or municipal government entities (including government pension plans) (16); charitable organizations (8)."
    },
    {
      "q": "Does Fiduciary Consulting Group report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/149122"
    },
    {
      "q": "What changed in Fiduciary Consulting Group's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 126910860.0,
      "total_employees": 14,
      "filing_date": "2021-09-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 158921351.0,
      "total_employees": 13,
      "filing_date": "2022-08-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 281675810.0,
      "total_employees": 13,
      "filing_date": "2023-08-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 7728468201.0,
      "total_employees": 51,
      "filing_date": "2024-07-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 8870425168.0,
      "total_employees": 59,
      "filing_date": "2025-04-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 14731075301.0,
      "total_employees": 52,
      "filing_date": "2026-08-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Item 11 disclosure answers changed: 2 yes answers, previously 3 (now no: 11.D(1)).",
        "Added an office in Atlanta, GA.",
        "Registered or notice-filed in GA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 42 to 33.",
        "Regulatory assets under management went from $8,870,425,168 to $14,731,075,301 (+66%)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/fiduciary-consulting-group-greenwood-village-co-149122.md",
  "clients": [
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 46,
      "fewer_than_5": false,
      "raum": 13061879197.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 8,
      "fewer_than_5": false,
      "raum": 941181721.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 16,
      "fewer_than_5": false,
      "raum": 728014383.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/149122",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}