# Wealthspire Retirement Advisory

> Wealthspire Retirement Advisory is an SEC-registered investment advisory firm in Aliso Viejo, CA, registered since 2006, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 121254
- Filed as: WEALTHSPIRE RETIREMENT ADVISORY
- Legal name: Wealthspire Retirement, LLC
- Also doing business as: FIDUCIARY FIRST, LLC, NFP, SST BENEFITS AND CONSULTING SERVICES LLC, WEALTHSPIRE RETIREMENT ADVISORY
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Aliso Viejo, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121254
- AdvisorCensus page: https://advisorcensus.com/firm/wealthspire-retirement-advisory-aliso-viejo-ca-121254

## Quick answers

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

**How much does Wealthspire Retirement Advisory charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.25% to 1.6% a year (a range, as the brochure states it); Hourly rate: $550 an hour (investment and financial consulting to individuals). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Wealthspire Retirement Advisory located?**
Wealthspire Retirement Advisory's principal office is in Aliso Viejo, CA, according to its Form ADV; the April 2026 filing also lists 22 other offices (Schedule D, Section 1.F).

**Is Wealthspire Retirement Advisory registered with the SEC or a state?**
Wealthspire Retirement Advisory is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 121254.

**How much does Wealthspire Retirement Advisory manage?**
Wealthspire Retirement Advisory reports $38,609,440,509 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Wealthspire Retirement Advisory's assets and staff changed since 2021?**
In the Form ADV data for Wealthspire Retirement Advisory: Regulatory assets under management: $69,250,977,960 in the October 2021 data and $38,609,440,509 in the October 2026 data, down 44%. Total employees: 151 in October 2021 and 244 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wealthspire Retirement Advisory serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (5,369); pension and profit sharing plans (but not the plan participants or government pension plans) (1,395); high net worth individuals (768).

**Which custodians does Wealthspire Retirement Advisory use?**
Wealthspire Retirement Advisory's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Wealthspire Retirement Advisory 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/121254

**What changed in Wealthspire Retirement Advisory's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 149 to 139. Regulatory assets under management went from $118,031,461,765 to $38,609,440,509 (-67%). Changed its office addresses in Bethesda, MD. Changed its office addresses in Cleveland, OH. Changed its office addresses in Minneapolis, MN. Added an office in Appleton, WI. Added an office in Los Angeles, CA. Added an office in Midlothian, VA. Added an office in New York, NY. Added an office in Royal Oak, MI. Added an office in Scottsdale, AZ. No longer lists an office in San Diego, CA. No longer lists an office in Santa Barbara, CA. No longer lists an office in Troy, MI. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 0.25% to 1.6% a year (a range, as the brochure states it)

> The fees charged by the IARs range from 0.25% - 1.60% based on the nature of the services provided, the nature and composition of the portfolio, and the frequency that the portfolio is expected to have to be rebalanced.

- Hourly rate: $550 an hour (investment and financial consulting to individuals)

> The Adviser will charge for these services either on an hourly or fixed fee basis. Hourly fees range will not exceed $550 per hour and fixed fees are based on the scope of services to be performed.

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.
- Fidelity Brokerage Services LLC
- Pershing LLC

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: $38,609,440,509
- Discretionary: $38,609,440,509
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 5,369 | $779,313,818 |
| High net worth individuals | 768 | $1,682,110,604 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1,395 | $36,148,016,087 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2006 (20 years)
- Employees: 244 total, 139 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- 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
- Appleton, WI
- Atlanta, GA
- Bethesda, MD
- Boston, MA
- Charlotte, NC
- Chicago, IL
- Cleveland, OH
- Denver, CO
- Los Angeles, CA
- Madison, WI
- Maitland, FL
- Midlothian, VA
- Minneapolis, MN
- New Orleans, LA
- New York, NY
- Norwell, MA
- Oklahoma City, OK
- Plainview, NY
- Plymouth, MN
- Royal Oak, MI
- Scottsdale, AZ
- Warrington, PA

### Websites listed on Form ADV (Item 1.I)
- [wealthspire.com](https://wealthspire.com)
- LinkedIn @wealthspire-retirement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $69,250,977,960 | 151 | September 17, 2021 |
| October 2022 | $78,717,910,074 | 217 | August 15, 2022 |
| October 2023 | $75,046,288,911 | 251 | September 27, 2023 |
| October 2024 | $96,454,495,427 | 219 | June 5, 2024 |
| October 2025 | $118,031,461,765 | 240 | April 16, 2025 |
| October 2026 | $38,609,440,509 | 244 | March 31, 2026 |

Regulatory assets under management: $69,250,977,960 in the October 2021 data and $38,609,440,509 in the October 2026 data, down 44%.
Total employees: 151 in October 2021 and 244 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 149 to 139.
- Regulatory assets under management went from $118,031,461,765 to $38,609,440,509 (-67%).
- Changed its office addresses in Bethesda, MD.
- Changed its office addresses in Cleveland, OH.
- Changed its office addresses in Minneapolis, MN.
- Added an office in Appleton, WI.
- Added an office in Los Angeles, CA.
- Added an office in Midlothian, VA.
- Added an office in New York, NY.
- Added an office in Royal Oak, MI.
- Added an office in Scottsdale, AZ.
- No longer lists an office in San Diego, CA.
- No longer lists an office in Santa Barbara, CA.
- No longer lists an office in Troy, MI.
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Added the business name NFP.
- Updated its list of owners and control persons (Schedule A).

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

### December 2025
- No longer lists the business name Fiduciary First.
- Added the business name Wealthspire Retirement Advisory.
- Added the business name Fiduciary First, LLC.
- Reported a succession: took over the business of Wealthspire Retirement Advisory (CRD 121254) on October 30, 2025.
- Changed its legal name from NFP Retirement Inc. to Wealthspire Retirement, LLC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wealthspire Retirement Advisory (CRD 121254): Form ADV filing data as of October 2026.