Fiduciary First provides pension consulting.
Fiduciary First reports 27 pension and profit-sharing plans. Of its assets, 100.0% ($2.46B across 42 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pension and profit-sharing plans | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pension and profit-sharing plans | 27 | $2.46B | 100.0% | $91.2M |
| Total | 27 | $2.46B | 100% | $91.2M |
- Clients
- 27
- Regulatory AUM
- $2.46B
- AUM share
- 100.0%
- Avg. per client
- $91.2M
Total
- Clients
- 27
- Regulatory AUM
- $2.46B
- AUM share
- 100%
- Avg. per client
- $91.2M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Fiduciary First is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation; its fees and minimums are set out in its brochures on the SEC website.
Wealthspire Retirement, LLC owns 75% or more of Fiduciary First and is in turn owned by Wealthspire US Parent, LLC (75% or more). Michael Lamena is CEO; the leadership team includes President Hannah Dowling and Chief Compliance Officer Brian Yu. It has 7 employees.
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 1 insurance agent
- Owns 75% or more of Fiduciary First, LLC
Wealthspire Retirement, LLC
Control person · since October 2025
- Owns 75% or more of Wealthspire Retirement, LLC
Wealthspire US Parent, LLC
Control person · since October 2025
- Owns 75% or more of Wealthspire US Parent, LLC
Wealthspire, LP
Control person · since October 2025
- Owns 75% or more of Wealthspire, LP
Wealthspire II, LP
Control person · since October 2025
- Owns 75% or more of Wealthspire II, LP
Wealthspire I, LP
Control person · since October 2025
- Owns 75% or more of Wealthspire I, LP
Wealthspire Topco, LP
Control person · since October 2025
- Owns 75% or more of Wealthspire Topco, LP
Wealthspire Holdco, LP
Control person · since October 2025
- Owns 75% or more of Wealthspire Holdco, LP
MDCP IX Chicago Splitter Aggregator, L.P.
Control person · since October 2025
Wealthspire GP LLC
General partner · Control person · since October 2025
- Owns 25% to 50% of Wealthspire GP LLC
MDCP Co-Investors (Chicago-C), L.P.
Control person · since October 2025
Madison Dearborn Partners
General partner · Control person · since October 2025
Fiduciary First’s regulatory assets fell from $3.4B (March 2021) to $2.46B (March 2026); clients fell from 78 to 27 and employees from 8 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $2.46B | 27 | 7 | 2 |
| Mar 2025March 2025 | $5.18B | 32 | 4 | 2 |
| May 2024May 2024 | $3.31B | 38 | 4 | 2 |
| Mar 2023March 2023 | $2.77B | 74 | 8 | 2 |
| Mar 2022March 2022 | $3.87B | 99 | 8 | 2 |
| Mar 2021March 2021 | $3.4B | 78 | 8 | 2 |
Besides its headquarters, Fiduciary First has 1 office, with 2 listed addresses across 2 states.
California · 1 listed address
- 120 Vantis, Aliso Viejo
Florida · 1 listed address
- 1060 Maitland Center Commons, Suite 360, MaitlandHQ
Other business names
Fiduciary First has reported 1 other business name to the SEC.
- Wealthspire Retirement Advisory
Contact and registration details
- Legal name
- Fiduciary First, LLC
- Headquarters
- 1060 Maitland Center Commons, Suite 360, Maitland, FL 32751
- Website
- Not reported
- Phone
- 407-740-6111
- SEC file
- 801-72234
- Structure
- Florida LLC
- Fiscal year end
- December
Fiduciary First does not have custody of client assets.
At year end, Fiduciary First’s separately managed accounts were mostly in funds (100%).
What the accounts hold
- Funds100%
How many clients does Fiduciary First have?
Fiduciary First has 27 clients and manages $2.46 billion for them, as of March 2026. They include 27 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Fiduciary First offer?
Fiduciary First provides pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Fiduciary First have?
Fiduciary First has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Fiduciary First invest in?
At the end of its last fiscal year, Fiduciary First’s separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Fiduciary First?
Fiduciary First is owned through a chain of holding companies by MDCP IX Chicago Splitter Aggregator, L.P. Its direct owner is Wealthspire Retirement, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Fiduciary First get paid?
Fiduciary First is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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
How do I contact Fiduciary First?
Fiduciary First’s main office is at 1060 Maitland Center Commons, Suite 360, Maitland, FL 32751. Its phone number is 407-740-6111.
