{
  "crd_number": 104753,
  "slug": "fiduciary-counselling-inc-st-paul-mn-104753",
  "primary_business_name": "FIDUCIARY COUNSELLING INC",
  "legal_name": "FIDUCIARY COUNSELLING INC",
  "dbas": [],
  "city": "St Paul",
  "state": "MN",
  "country": "United States",
  "cbsa_code": "33460",
  "metro": {
    "cbsa_code": "33460",
    "common_name": "Minneapolis",
    "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI",
    "path": "/advisors/mn/minneapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1966-12-07",
  "years_registered": 59,
  "period": "2026-10-01",
  "filing_date": "2026-03-17",
  "carried_forward": false,
  "raum_total": 10056745777.0,
  "raum_discretionary": 4392071487.0,
  "raum_non_discretionary": 5664674290.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 87,
  "advisory_employees": 18,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 468069719.0,
      "count": 25
    },
    "individuals": {
      "raum": 658505420.0,
      "count": 1002
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 5713262.0,
      "count": 3
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 3651078.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 8182499961.0,
      "count": 643
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 738306337.0,
      "count": 87
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "IL",
    "MA",
    "MD",
    "MN",
    "MT",
    "NC",
    "NH",
    "NV",
    "NY",
    "OR",
    "PA",
    "SC",
    "TX",
    "WA"
  ],
  "websites": [
    "https://linkedin.com/company/fiduciary-counselling-inc"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104753",
  "city_as_filed": "ST PAUL",
  "url": "https://advisorcensus.com/firm/fiduciary-counselling-inc-st-paul-mn-104753",
  "display_name": "Fiduciary Counselling Inc",
  "summary": "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.",
  "citation": "AdvisorCensus. Fiduciary Counselling Inc (CRD 104753): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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"
  ],
  "quick_answers": [
    {
      "q": "How is Fiduciary Counselling Inc compensated?",
      "a": "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)."
    },
    {
      "q": "How much does Fiduciary Counselling Inc charge?",
      "a": "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 accounting, reporting…). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Fiduciary Counselling Inc located?",
      "a": "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)."
    },
    {
      "q": "Is Fiduciary Counselling Inc registered with the SEC or a state?",
      "a": "Fiduciary Counselling Inc is an SEC-registered investment advisory firm, registered since 1966. Status as filed: Approved. CRD 104753."
    },
    {
      "q": "How much does Fiduciary Counselling Inc manage?",
      "a": "Fiduciary Counselling Inc reports $10,056,745,777 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (44% discretionary)."
    },
    {
      "q": "How have Fiduciary Counselling Inc's assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Fiduciary Counselling Inc serve?",
      "a": "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)."
    },
    {
      "q": "Which custodians does Fiduciary Counselling Inc use?",
      "a": "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."
    },
    {
      "q": "Does Fiduciary Counselling Inc report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "Does Fiduciary Counselling Inc state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 17, 2026 says: \"FCI does not impose a minimum account size.\""
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 9116006224.0,
      "total_employees": 76,
      "filing_date": "2021-03-26"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 11435637725.0,
      "total_employees": 78,
      "filing_date": "2022-05-20"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 11563849942.0,
      "total_employees": 84,
      "filing_date": "2023-10-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 9488550771.0,
      "total_employees": 88,
      "filing_date": "2024-03-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 9504938311.0,
      "total_employees": 91,
      "filing_date": "2025-07-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 10056745777.0,
      "total_employees": 87,
      "filing_date": "2026-03-17"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 17, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $1,500 (divorce services)",
      "Flat fee: $500 (donor advised fund (DAF) accounts where FCI provides accounting, reporting…)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "FCI does not impose a minimum account size."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,500 (divorce services)"
        ],
        "quotes": [
          "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."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $500 (donor advised fund (DAF) accounts where FCI provides accounting, reporting…)"
        ],
        "quotes": [
          "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."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 1500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "divorce services"
        },
        {
          "kind": "flat",
          "amount": 500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "donor advised fund (DAF) accounts where FCI provides accounting, reporting or investing services (if FCI assists with th"
        }
      ]
    },
    "quotes": [
      "FCI does not impose a minimum account size.",
      "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.",
      "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."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/fiduciary-counselling-inc-st-paul-mn-104753.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1002,
      "fewer_than_5": false,
      "raum": 658505420.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 643,
      "fewer_than_5": false,
      "raum": 8182499961.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 3,
      "fewer_than_5": false,
      "raum": 5713262.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 25,
      "fewer_than_5": false,
      "raum": 468069719.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1,
      "fewer_than_5": false,
      "raum": 3651078.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 87,
      "fewer_than_5": false,
      "raum": 738306337.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/104753",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}