# Fiduciary Counselors Inc.

> Fiduciary Counselors Inc. is an SEC-registered investment advisory firm in Washington, DC, registered since 1999, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 111827
- Filed as: FIDUCIARY COUNSELORS INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Washington, DC
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111827
- AdvisorCensus page: https://advisorcensus.com/firm/fiduciary-counselors-inc-washington-dc-111827

## Quick answers

**How is Fiduciary Counselors Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Fiduciary Counselors Inc. reports these compensation arrangements: hourly charges; fixed fees (other than subscription fees).

**Where is Fiduciary Counselors Inc. located?**
Fiduciary Counselors Inc.'s principal office is in Washington, DC, according to its Form ADV.

**Is Fiduciary Counselors Inc. registered with the SEC or a state?**
Fiduciary Counselors Inc. is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 111827.

**How much does Fiduciary Counselors Inc. manage?**
Fiduciary Counselors Inc. reports $20,348,264,544 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (97% discretionary).

**How have Fiduciary Counselors Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Fiduciary Counselors Inc.: Regulatory assets under management: $17,881,391,473 in the October 2021 data and $20,348,264,544 in the October 2026 data, up 14%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fiduciary Counselors Inc. serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (13).

**Which custodians does Fiduciary Counselors Inc. use?**
Fiduciary Counselors Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Management Trust Company, JPMorgan Chase & Co. Securities Services and The Bank of NY Mellon as custodians holding 10% or more of its separately managed account assets.

**Does Fiduciary Counselors Inc. report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.H(2) (pending civil proceeding). 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/111827

**What changed in Fiduciary Counselors Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $17,024,441,286 to $20,348,264,544 (+20%).

## From the Form ADV filing

### Compensation (Item 5.E)
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Management Trust Company
- JPMorgan Chase & Co. Securities Services
- The Bank of NY Mellon

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: $20,348,264,544
- Discretionary: $19,778,597,742
- Non-discretionary: $569,666,802

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 13 | $20,348,264,544 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1999 (26 years)
- Employees: 8 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DC
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111827

### Websites listed on Form ADV (Item 1.I)
- erisasettlements.com
- fiduciarycounselors.com
- planfiduciary.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $17,881,391,473 | 8 | March 31, 2021 |
| October 2022 | $18,668,333,049 | 8 | March 31, 2022 |
| October 2023 | $15,666,887,132 | 8 | March 31, 2023 |
| October 2024 | $14,483,338,840 | 8 | March 29, 2024 |
| October 2025 | $17,024,441,286 | 8 | March 31, 2025 |
| October 2026 | $20,348,264,544 | 8 | March 31, 2026 |

Regulatory assets under management: $17,881,391,473 in the October 2021 data and $20,348,264,544 in the October 2026 data, up 14%.
Total employees: 8 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $17,024,441,286 to $20,348,264,544 (+20%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fiduciary Counselors Inc. (CRD 111827): Form ADV filing data as of October 2026.