# First Fiduciary Investment Counsel Inc

> First Fiduciary Investment Counsel Inc is an SEC-registered investment advisory firm in Cleveland, OH, registered since 1976, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 111144
- Filed as: FIRST FIDUCIARY INVESTMENT COUNSEL INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cleveland, OH
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111144
- AdvisorCensus page: https://advisorcensus.com/firm/first-fiduciary-investment-counsel-inc-cleveland-oh-111144

## Quick answers

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

**How much does First Fiduciary Investment Counsel Inc charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Up to $1,000,000: 1% a year; $1,000,000 to $3,000,000: 0.75% a year; $3,000,000 to $10,000,000: 0.6% a year; Above $10,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is First Fiduciary Investment Counsel Inc located?**
First Fiduciary Investment Counsel Inc's principal office is in Cleveland, OH, according to its Form ADV.

**Is First Fiduciary Investment Counsel Inc registered with the SEC or a state?**
First Fiduciary Investment Counsel Inc is an SEC-registered investment advisory firm, registered since 1976. Status as filed: Approved. CRD 111144.

**How much does First Fiduciary Investment Counsel Inc manage?**
First Fiduciary Investment Counsel Inc reports $565,532,900 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have First Fiduciary Investment Counsel Inc's assets and staff changed since 2021?**
In the Form ADV data for First Fiduciary Investment Counsel Inc: Regulatory assets under management: $580,484,406 in the October 2021 data and $565,532,900 in the October 2026 data, down 3%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does First Fiduciary Investment Counsel Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (173); individuals (other than high net worth individuals) (91); charitable organizations (5).

**Which custodians does First Fiduciary Investment Counsel Inc use?**
First Fiduciary Investment Counsel Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Lincoln Investment and Stifel, Nicolaus & Company, Incorporated as custodians holding 10% or more of its separately managed account assets.

**Does First Fiduciary Investment Counsel 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/111144

**What changed in First Fiduciary Investment Counsel Inc's recent Form ADV filings?**
In the January 2026 filing data: No longer registered or notice-filed in AZ, WI.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Up to $1,000,000: 1% a year
- $1,000,000 to $3,000,000: 0.75% a year
- $3,000,000 to $10,000,000: 0.6% a year
- Above $10,000,000: 0.5% a year

> First Fiduciary bases its fees on a percentage of assets under management according to the following schedule: First Fiduciary’s Standard Management Fee Schedule: 1.00% on the first $1,000,000; 0.75% on the next $2,000,000; 0.60% on the next $7,000,000; 0.50% on the remaining balance

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Lincoln Investment
- Stifel, Nicolaus & Company, Incorporated

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: $565,532,900
- Discretionary: $565,532,900
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 91 | $30,200,733 |
| High net worth individuals | 173 | $379,145,591 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $6,546,616 |
| Charitable organizations | 5 | $97,271,434 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 3 | $32,099,369 |
| Other | 2 | $20,269,157 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1976 (50 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, FL, IL, IN, LA, MN, NY, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [firstfiduciary.com](https://firstfiduciary.com)
- LinkedIn @first-fiduciary-inv-counsel

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $580,484,406 | 5 | August 26, 2021 |
| October 2022 | $587,076,897 | 5 | March 17, 2022 |
| October 2023 | $489,317,890 | 5 | March 22, 2023 |
| October 2024 | $501,961,047 | 5 | March 15, 2024 |
| October 2025 | $536,968,401 | 5 | February 20, 2025 |
| October 2026 | $565,532,900 | 5 | March 27, 2026 |

Regulatory assets under management: $580,484,406 in the October 2021 data and $565,532,900 in the October 2026 data, down 3%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### January 2026
- No longer registered or notice-filed in AZ, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First Fiduciary Investment Counsel Inc (CRD 111144): Form ADV filing data as of October 2026.