# Fiduciary First

> Fiduciary First is an SEC-registered investment advisory firm in Maitland, FL, registered since 2011, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 150330
- Filed as: FIDUCIARY FIRST
- Legal name: Fiduciary First, LLC
- Also doing business as: WEALTHSPIRE RETIREMENT ADVISORY
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Maitland, FL
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/150330
- AdvisorCensus page: https://advisorcensus.com/firm/fiduciary-first-maitland-fl-150330

## Quick answers

**How is Fiduciary First compensated?**
On its Form ADV (Item 5.E, October 2026), Fiduciary First reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.

**Where is Fiduciary First located?**
Fiduciary First's principal office is in Maitland, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Fiduciary First registered with the SEC or a state?**
Fiduciary First is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 150330.

**How much does Fiduciary First manage?**
Fiduciary First reports $2,461,767,783 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Fiduciary First's assets and staff changed since 2021?**
In the Form ADV data for Fiduciary First: Regulatory assets under management: $3,395,815,206 in the October 2021 data and $2,461,767,783 in the October 2026 data, down 28%. Total employees: 8 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fiduciary First 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) (27).

**Does Fiduciary First 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/150330

**Does Fiduciary First state an account minimum?**
Its Form ADV Part 2A brochure dated March 26, 2026 says: "The Adviser does not require a minimum Plan size to establish a client relationship."

**What changed in Fiduciary First's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 2 to 7. Regulatory assets under management went from $5,178,849,217 to $2,461,767,783 (-52%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Account minimum: None

> The Adviser does not require a minimum Plan size to establish a client relationship.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $2,461,767,783
- Discretionary: $2,461,767,783
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 27 | $2,461,767,783 |

### Advisory services (Item 5.G)
- Pension consulting services

### Firm details
- Registered since: 2011 (15 years)
- Employees: 7 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Aliso Viejo, CA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,395,815,206 | 8 | March 31, 2021 |
| October 2022 | $3,868,052,294 | 8 | March 30, 2022 |
| October 2023 | $2,773,020,274 | 8 | March 30, 2023 |
| October 2024 | $3,307,577,140 | 4 | May 28, 2024 |
| October 2025 | $5,178,849,217 | 4 | March 27, 2025 |
| October 2026 | $2,461,767,783 | 7 | March 26, 2026 |

Regulatory assets under management: $3,395,815,206 in the October 2021 data and $2,461,767,783 in the October 2026 data, down 28%.
Total employees: 8 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 2 to 7.
- Regulatory assets under management went from $5,178,849,217 to $2,461,767,783 (-52%).

### February 2026
- Updated its list of owners and control persons (Schedule A).

### December 2025
- No longer lists the business name NFP Retirement, Inc..
- Added the business name Wealthspire Retirement Advisory.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fiduciary First (CRD 150330): Form ADV filing data as of October 2026.