Clients
Fiduciary Counselors serves 13 clients. The average client has about $1.57 billion with the firm.
- Pension and profit-sharing plans13 clients100%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pension and profit-sharing plans | 13 | $20,348,264,544 | 100.0% | $1.57B |
| Total | 13 | $20,348,264,544 | 100% | $1.57B |
- Clients
- 13
- Regulatory AUM
- $20,348,264,544
- Share
- 100.0%
- Avg. per client
- $1.57B
Total
- Clients
- 13
- Regulatory AUM
- $20,348,264,544
- Share
- 100%
- Avg. per client
- $1.57B
What it does
Fiduciary Counselors provides portfolio management for institutions, pension consulting and selecting other managers. It is paid through hourly charges and fixed fees.
Fiduciary Counselors advises no private funds.
97.2% of assets ($19.78B across 12 accounts) are managed with discretion; $569.7M across 1 account is not. 0% of clients are outside the U.S., and 15 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks97%
- Bonds3%
Custodians
Fiduciary Counselors’ client accounts are held mainly at J.P. Morgan, with 53% of managed assets, and Fidelity, with 26%. Fiduciary Counselors does not have custody of client assets.
- FidelityFidelity Management Trust Company · Boston, MA · $5.27B26%
- J.P. MorganJpmorgan Chase & Co. Securities Services · Brooklyn, NY · $10.89B53%
- The Bank of Ny MellonThe Bank of Ny Mellon · Pittsburg, PA · $3.50B17%
- All other custodians$692.7M3%
Ownership and leadership
Thomas O'Connor owns 50% to 75% of Fiduciary Counselors.
- Owns 50% to 75% of Fiduciary Counselors Inc.
Thomas O'Connor
Control person · since January 2018
- Owns 50% to 75% of Fiduciary Counselors Inc.
John Caflisch
Control person · since October 2005
Leadership
- John CaflischDirector, Senior Vice President & General Counsel
- Thomas O'ConnorDirector, President & CEO
- Kathryn RicardChief Compliance Officer
Staff
- 8 employees
- 6 in advisory functions
Fees
Fiduciary Counselors is paid through hourly charges and fixed fees (other than subscription fees).
Fiduciary Counselors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Fiduciary Counselors has 3 offices (3 private residences, listed without an address), with 1 listed address in 1 state.
District of Columbia · 1 listed address
- 700 12th Street NW, Suite 700, WashingtonHQ
Registration details
- Legal name
- Fiduciary Counselors Inc.
- Headquarters
- 700 12th Street NW, Suite 700, Washington, DC 20005-4052
- Phone
- 202-558-5130
- Website
- www.fiduciarycounselors.com
- SEC file
- 801-57010
- Structure
- Delaware corporation
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Fiduciary Counselors have?
Fiduciary Counselors has 13 clients and manages $20.3 billion for them, as of March 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Fiduciary Counselors offer?
Fiduciary Counselors provides portfolio management for institutions, pension consulting and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Fiduciary Counselors use?
Fiduciary Counselors’ separately managed account assets are held at Jpmorgan Chase & Co. Securities Services (Brooklyn, NY), with $10,886,284,201, Fidelity Management Trust Company (Boston, MA), with $5,267,287,433 and The Bank of Ny Mellon (Pittsburg, PA), with $3,501,947,528. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Fiduciary Counselors have?
Fiduciary Counselors has 0 investment adviser representatives registered with state securities authorities, out of 8 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Fiduciary Counselors invest in?
At the end of its last fiscal year, Fiduciary Counselors’ separately managed accounts held 97% exchange-traded equities and 3% investment grade corporate bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Fiduciary Counselors?
Fiduciary Counselors’ direct owners are Thomas O'Connor (50% to 75%) and John Caflisch (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Fiduciary Counselors get paid?
Fiduciary Counselors is paid through hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file