Fiduciary Financial Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year. The firm advises 2 private funds.
Fiduciary Financial Advisors reports 2,183 clients. They include 1,609 individual clients, 555 high-net-worth individuals and 9 pooled investment vehicles. Of its assets, 100.0% ($1.33B across 8,246 accounts) are managed with discretion. It advised 59 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 26% |
| High-net-worth individuals | 25% | 72% |
| Pooled investment vehicles | <1% | <1% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,609 | $349M | 26.2% | $217K |
| High-net-worth individuals | 555 | $961M | 72.3% | $1.73M |
| Pooled investment vehicles | 9 | $9.97M | 0.7% | $1.11M |
| Pension and profit-sharing plans | 1 | $3.06M | 0.2% | $3.06M |
| Charitable organizations | 9 | $6.43M | 0.5% | $715K |
| Total | 2,183 | $1.33B | 100% | $609K |
- Clients
- 1,609
- Regulatory AUM
- $349M
- AUM share
- 26.2%
- Avg. per client
- $217K
- Clients
- 555
- Regulatory AUM
- $961M
- AUM share
- 72.3%
- Avg. per client
- $1.73M
- Clients
- 9
- Regulatory AUM
- $9.97M
- AUM share
- 0.7%
- Avg. per client
- $1.11M
- Clients
- 1
- Regulatory AUM
- $3.06M
- AUM share
- 0.2%
- Avg. per client
- $3.06M
- Clients
- 9
- Regulatory AUM
- $6.43M
- AUM share
- 0.5%
- Avg. per client
- $715K
Total
- Clients
- 2,183
- Regulatory AUM
- $1.33B
- AUM share
- 100%
- Avg. per client
- $609K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 59
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 101–250
Fiduciary Financial Advisors charges 0.15%–0.95% a year for its Portfolio management fee. The fee is billed in arrears and is negotiable. The brochure also prices 4 other services, listed under fee details.
Fee details and sources
Other fees
- Digital asset accounts
- Advisory fee on digital asset accounts is a percentage of assets not to exceed 0.95%, charged quarterly in arrears or advance.
- Financial planning
- Mutually agreed fixed fee up to a maximum of $100,000, or hourly up to $500 an hour; prepayment of more than $1,200 is not solicited.
- Professional trustee services
- Annual rate on marketable securities of up to 0.45% below $5 million, falling to 0.25% above $50 million; $10,000 minimum annual fee.
- Retirement plan services
- Advisory fee negotiated with the plan sponsor and set out in the plan consulting agreement, usually billed quarterly.
Benjamin Verwys owns 75% or more of Fiduciary Financial Advisors. It has 50 employees.
Leadership
- Benjamin VerwysManaging Member/CCO
- Thomas BlowerFinancial Advisor
- Brook PowersCEO
Investment adviser representatives
51 representatives listed in the SEC register as of 9 October 2026.
- Casey Arends
- Brenda Kay Baier
- Robert Anthony Barcelona
- Daniel Baugher
- Heath Biller
- James Bland
- Thomas M Blower
- Patrick Joseph Brunner
- Viet Duy Bui
- John Alden Bussey
- William Andrew Cole
- Dane Ashley Coyle
- Kristiana Joy Daniels
- Angel Gilberto Escobedo
- Douglas Robert Fisher
- Jacob Daniel Hansma
- Jeffrey P. Harley
- Ethan James Heiden
- Travis James Hibbard
- Bradley Jay Hunter
- Jeffrey Evan Janson
- Guido Sebastian Jaramillo Blum
- Validmir Kats
- Timothy Gerrit Ketelhut
- Jason Michael Kooistra
- Benjamin Joseph Lex
- Kristen Rita Lindahl
- Michael Martin
- Sonia Iveth Martinez-Trujillo
- Connor P. McDevitt
- Connor McDowell
- Spencer Raymond Miller
- Andrew John-Garrett Mitchell
- Bradley Kent Nelson
- Tyler Joseph Owczarski
- Jordan D Oyer
- Leanne Nicole Rahn
- Bryant Rivera
- Tyler Gray Saint Amour
- Terry Charles Seely
- James Thomas Shuster
- Andrew John Stamp
- Steven Andrew Starnes
- Travis James Thompson
- Tyrin Khalil Tyson
- Kevin Carter Udy
- Jacob Nathanael Uithoven
- Benjamin Mark Verwys
- Andrew John Battin Wessell
- Duncan White
- Elias Young
Staff
- 50 employees
- 50 in advisory functions
- 50 state-registered reps
- 17 insurance agents
- Owns 75% or more of Fiduciary Financial Advisors
Benjamin Verwys
Control person · since October 2014
- Owns 5% to 10% of Fiduciary Financial Advisors
Thomas Blower
since January 2023
- Owns 5% to 10% of Fiduciary Financial Advisors
Brook Powers
since October 2024
Fiduciary Financial Advisors’ regulatory assets grew 7.6× from $174M (March 2021) to $1.33B (April 2026); clients rose from 288 to 2,183 and employees from 11 to 50.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $1.33B | 2,183 | 50 | 14 |
| March 2025 | $1.17B | 2,035 | 38 | 6 |
| July 2024 | $555M | 1,294 | 27 | 9 |
| July 2023 | $352M | 1,069 | 27 | 5 |
| June 2022 | $324M | 881 | 16 | 3 |
| March 2021 | $174M | 288 | 11 | 1 |
Besides its headquarters, Fiduciary Financial Advisors has 13 offices (7 private residences, listed without an address), with 7 listed addresses across 5 states.
Michigan · 2 listed addresses
- 124 Fulton St. East, Suite 200, Grand RapidsHQ
- 5464 Holiday Terrace, Kalamazoo
Texas · 2 listed addresses
- 9600 Great Hills TRL, Austin
- 20333 TX-249, Houston
Alabama · 1 listed address
- 600 Boulevard South SW, Huntsville
Florida · 1 listed address
- 2120 Sandpiper Street, Naples
Indiana · 1 listed address
- 600 E Carmel Drive, Carmel
Contact and registration details
- Legal name
- Fiduciary Financial Advisors
- Headquarters
- 124 Fulton St. East, Suite 200, Grand Rapids, MI 49503
- Website
- forfiduciary.com
- Phone
- 616-622-3062
- @4793583
- SEC file
- 801-120619
- Structure
- Michigan LLC
- Fiscal year end
- December
Fiduciary Financial Advisors uses Charles Schwab ($738M, 69%) and Fidelity ($338M, 31%) as custodians for its separately managed accounts. Fiduciary Financial Advisors has custody of $255M in client assets for 424 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $738M69%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $338M31%
At year end, Fiduciary Financial Advisors’ separately managed accounts were mostly in funds (80%). Its reported 13F holdings for the quarter ended 30 June 2026 total $984M across 2,794 positions; the largest are SPDR Series Trust (4.3%), American Centy ETF TR (3.1%) and American Centy ETF TR (2.0%).
What the accounts hold
- Stocks5%
- Funds80%
- Bonds7%
- State and local bonds3%
- U.S. government and agency bonds2%
- Investment grade corporate bonds2%
- Cash8%
Reported 13F holdings
- $984M
- Reported 13F value
- 2,794
- Positions
- 21.0%
- In the 10 largest
- +778.2%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500etf4.3%
- American Centy ETF TR · US Large Cap Vlu3.1%
- American Centy ETF TR · US Sml CP Valu2.0%
- American Centy ETF TR · Intl EQT ETF1.9%
- Dimensional ETF Trust · US Small Cap ETF1.7%
- Invesco Exchange Traded FD T · S&P 500 Top 501.7%
- Pimco ETF TR · Multisector BD1.6%
- Schwab Strategic TR · US Dividend EQ1.6%
- American Centy ETF TR · Avantis Emgmkt1.5%
- American Centy ETF TR · US EQT ETF1.5%
Together, the ten largest are 21.0% of reported value.
How many clients does Fiduciary Financial Advisors have?
Fiduciary Financial Advisors has 2,183 clients and manages $1.33 billion for them, as of April 2026. They include 1,609 individual clients, 555 high-net-worth individuals and 9 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 April 2026
What services does Fiduciary Financial Advisors offer?
Fiduciary Financial Advisors provides financial planning, portfolio management for individuals and small businesses, 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
How much does Fiduciary Financial Advisors charge?
Fiduciary Financial Advisors charges 0.15%–0.95% a year for its Portfolio management fee. The fee is billed in arrears and is negotiable.
Source: 2A BROCHURE, filed 31 March 2026
Which custodians does Fiduciary Financial Advisors use?
Fiduciary Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $738M and Fidelity Brokerage Services LLC (Smithfield, RI), with $338M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 April 2026
How many financial advisors does Fiduciary Financial Advisors have?
Fiduciary Financial Advisors has 50 investment adviser representatives registered with state securities authorities, out of 50 employees, and 50 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 17 employees are 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 Financial Advisors invest in?
At the end of its last fiscal year, Fiduciary Financial Advisors’ separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents, 5% exchange-traded equities, 3% state and local bonds, 2% U.S. government and agency bonds and 2% investment grade corporate bonds. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Fiduciary Financial Advisors?
Fiduciary Financial Advisors’ direct owners are Benjamin Verwys (75% or more), Thomas Blower (5% to 10%) and Brook Powers (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 14 April 2026
How does Fiduciary Financial Advisors get paid?
Fiduciary Financial Advisors is paid through a percentage of assets under management, 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
Is Fiduciary Financial Advisors registered with the SEC?
Yes, Fiduciary Financial Advisors has been registered with the SEC as an investment adviser since 26 March 2021. Its CRD number is 172103 and its SEC file number is 801-120619.
Source: Form ADV Part 1A, Item 1, filed 14 April 2026; IAPD firm record
How do I contact Fiduciary Financial Advisors?
Fiduciary Financial Advisors’ main office is at 124 Fulton St. East, Suite 200, Grand Rapids, MI 49503. Its phone number is 616-622-3062. Its website is forfiduciary.com.