Fiduciary Counsel Inc (New York)

Fiduciary Counsel Inc is a large advisory firm based in New York. It manages $207.6 million of regulatory assets for 147 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Massachusetts, New York, Pennsylvania, and Vermont.

Fiduciary Counsel provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiduciary Counsel: assets under management

The assets under management (AUM) of Fiduciary Counsel Inc is $207.6 million. The firm's AUM has gone down by -47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $186.53 million in discretionary accounts and $21.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.27 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiduciary Counsel Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Fiduciary Counsel Inc

Jack Richard Orben has been acting as President since 1 Jul 1998. John Scott Penn joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jack Richard Orben	Chairman	1 Jul 1998	Other	353198
Unified Investment Advisors Inc	Owner	1 Jul 1998	75% - 100%	110920
Vaughn Howard Weimer	President and chief executive officer	1 Jul 1998	Other	4379505
Carol Jane Highsmith	Secretary	1 Jul 1998	Other	2602400
Thomas Gerald Napurano	Assistant treasurer	1 Jul 1998	Other	1986448
Inc. Unified Financial Services	Owner	1 Jul 1998	75% - 100%	35-1797759
John Scott Penn	Director	1 Dec 2000	Other	4380091
Jack Richard Orben	Chairman president and ceo	1 Sep 2002	Other	353198

Based in New York

The principal office where Fiduciary Counsel Inc performs its advisory services is located at C/O Oaktree Asset Management, New York, NY 10005, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.