AdvisorCensus / Financial advisors / Minnesota / Minneapolis / Fiduciary Counselling Inc
Fiduciary Counselling Inc
Filed as FIDUCIARY COUNSELLING INC
Fiduciary Counselling Inc is an SEC-registered investment advisory firm in St Paul, MN, registered since 1966, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.
Quick answers
From the filingHow is Fiduciary Counselling Inc compensated?
On its Form ADV (Item 5.E, October 2026), Fiduciary Counselling Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
How much does Fiduciary Counselling Inc charge?
Its Form ADV Part 2A brochure dated March 17, 2026 states: Flat fee: $1,500 (divorce services); Flat fee: $500 (donor advised fund (DAF) accounts where FCI provides…). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Fiduciary Counselling Inc located?
Fiduciary Counselling Inc's principal office is in St Paul, MN, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Fiduciary Counselling Inc registered with the SEC or a state?
Fiduciary Counselling Inc is an SEC-registered investment advisory firm, registered since 1966. Status as filed: Approved. CRD 104753.
How much does Fiduciary Counselling Inc manage?
Fiduciary Counselling Inc reports $10,056,745,777 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (44% discretionary).
How have Fiduciary Counselling Inc's assets and staff changed since 2021?
In the Form ADV data for Fiduciary Counselling Inc: Regulatory assets under management: $9,116,006,224 in the October 2021 data and $10,056,745,777 in the October 2026 data, up 10%. Total employees: 76 in October 2021 and 87 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Fiduciary Counselling Inc serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,002); high net worth individuals (643); corporations or other businesses not listed above (87).
Which custodians does Fiduciary Counselling Inc use?
Fiduciary Counselling Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.
Does Fiduciary Counselling Inc 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/104753
Does Fiduciary Counselling Inc state an account minimum?
Its Form ADV Part 2A brochure dated March 17, 2026 says: "FCI does not impose a minimum account size."
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
FCI does not impose a minimum account size.
Flat fee: $1,500 (divorce services)
The brochure's wording
Fees for divorce services are charged at the greater of five percent of a client’s quarterly market value-based fee or a minimum flat fee of $1,500 and are billed quarterly.
Flat fee: $500 (donor advised fund (DAF) accounts where FCI provides…)
The brochure's wording
FCI charges a flat fee of $500 for donor advised fund (DAF) accounts where FCI provides accounting, reporting or investing services (if FCI assists with the setup) and for certain special purpose trusts.
As stated in the firm's Form ADV Part 2A brochure dated March 17, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$10,056,745,777 as of October 2026, filing dated March 17, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
- Other
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1966 (59 years)
- Employees
- Total: 87. Performing investment advisory functions: 18.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the April 2026 filing
- States registered or notice-filed
-
16 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $10,056,745,777 | 87 | March 17, 2026 |
| October 2025 | $9,504,938,311 | 91 | July 1, 2025 |
| October 2024 | $9,488,550,771 | 88 | March 12, 2024 |
| October 2023 | $11,563,849,942 | 84 | October 3, 2023 |
| October 2022 | $11,435,637,725 | 78 | May 20, 2022 |
| October 2021 | $9,116,006,224 | 76 | March 26, 2021 |
Regulatory assets under management: $9,116,006,224 in the October 2021 data and $10,056,745,777 in the October 2026 data, up 10%.
Total employees: 76 in October 2021 and 87 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 monthsNo changes to these filed facts in the last 12 months of filing data.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Fiduciary Counselling Inc (CRD 104753): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fiduciary-counselling-inc-st-paul-mn-104753