Fiduciary Counselling Inc (St Paul)


Fiduciary Counselling Inc is a large advisory firm based in St Paul. It manages $5.75 billion of regulatory assets for 1,487 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Illinois, and 12 other states.

Fiduciary Counselling provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and investment strategy and allocation advice for investment companies and pooled investment vehicles. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiduciary Counselling: assets under management

The assets under management (AUM) of Fiduciary Counselling Inc is $5.75 billion. The firm's AUM has grown by 78% since the beginning of its operation, and $6.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.47 billion in discretionary accounts and $3.28 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.95 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.83 million.
Fiduciary Counselling has custody of $5.75 billion in cash and securities for 400 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 19% of the firm’s portfolio. Investments in pooled investment vehicles form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiduciary Counselling Inc for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Cynthia Elaine Marsh serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Cynthia Elaine Marsh is high net worth individuals with 384 clients and $4.33 billion of assets under management. Among the 6 most similar advisory firms, Fiduciary Counselling has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $5.75 billion for 1,487 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Fiduciary Counselling doesn't advise any private funds.

Careers at Fiduciary Counselling Inc

The company employs 74 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Cynthia Elaine Marsh has been acting as President since 1 Oct 1998. Eric Roger Lind has served as the Chief Investment Officer since 1 Dec 2000. Nancy C Orr joined the executive team most recently as the Investment Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Francis Cogan Director 1 Jan 1973 Other 49654
Michael Joseph Giefer Vice president, secretary & ass't treas 1 Jun 1987 Other 4334362
Richard Thomas Holm Treasurer & ass't secretary 1 Dec 1987 Other 1392149
Robert Allen Stein Director 1 Jun 1994 Other 4334452
Carol Caruthers President & ceo 1 Jan 1996 50% - 75% 1967937
Cynthia Elaine Marsh Director 1 Oct 1998 Other 4334445
Jean Louispierre Brunel Director 1 Nov 2000 Other 4335573
Eric Roger Lind Chief investment officer 1 Dec 2000 Other 5274516
Marc Edward Swanson Chief operating officer 1 Dec 2000 Other 4334427
John Raymond Jordan Director 1 Dec 2003 Other 4366724
Susanne S Smith Chief compliance officer 1 Sep 2004 Other 1217907
Jay Arnold Narverud Treasurer and chief financial officer 1 Jun 2006 Other 5198088
Nicholas Charles Spika Chief legal officer 1 Dec 2006 Other 5274515
Susanne S Smith Secretary and chief compliance officer 1 Dec 2007 Other 1217907
Rebecca G Martin Vp of administration 1 Dec 2007 Other 5486974
Ann B Burns Director 1 Aug 2008 Other 5651950
Ann Barry Burns Director 1 Aug 2008 Other 5651950
Jennifer Davis Lammers Chief compliance officer and chief financial officer 1 Sep 2009 Other 3249095
M. Julie Mckinley President, chief executive officer and director 1 Feb 2011 50% - 75% 4356100
Mary Julie Mckinley President, chief executive officer and director 1 Feb 2011 75% - 100% 4356100
Steven Barry Weinstein Director 1 Dec 2011 Other 2477854
James Guy Castellano Director 1 Mar 2012 Other 4471586
John W. Provo General counsel 1 Feb 2013 Other 6175483
John Winfield Provo General counsel 1 Feb 2013 Other 6175483
Stephen Gerard Simon Chief compliance officer 1 Feb 2014 Other 4871134
Shari Lynn Clifford Chief financial officer 1 Feb 2014 Other 5458974
Stephen Gerard Simon Chief compliance officer 1 Mar 2014 Other 4871134
Elizabeth Ann Greiner Quiett Chief client services and operations officer 1 Oct 2014 Other 3161666
Karen M Grabow Director 1 May 2016 Other 6703653
Karen Minda Grabow Director 1 May 2016 Other 6703653
Nancy C Orr Investment officer 1 Sep 2016 Other 6705059
Nancy Chapman Orr Chief investment officer 1 Sep 2016 Other 6705059

Based in St Paul

The principal office where Fiduciary Counselling Inc performs its advisory services is located at 2000 Wells Fargo Place, St Paul, MN 55101 4930, which is also the mailing address of the firm. An additional office of the firm is in Tacoma, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 651-228-0935 or by fax 651-215-4493. The normal business hours are 8:00am - 4:45pm on Monday - Friday. You can find more information about the New York firm at fidcouns.com/.