Clients
Fiducient Advisors serves 1,239 clients, 518 of them high-net-worth individuals. The average client has about $79 million with the firm, and high-net-worth clients hold 34% of its $97.5 billion in assets.
- High-net-worth individuals518 clients34%
- Pension and profit-sharing plans205 clients48%
- Charitable organizations341 clients18%
- OtherIndividuals, Corporations and other businesses0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 171 | $39,323,655 | 0.0% | $230K |
| High-net-worth individuals | 518 | $33,093,810,277 | 33.9% | $63.9M |
| Pension and profit-sharing plans | 205 | $46,802,283,024 | 48.0% | $228.3M |
| Charitable organizations | 341 | $17,472,667,250 | 17.9% | $51.2M |
| Corporations and other businesses | 4 | $133,446,994 | 0.1% | $33.4M |
| Total | 1,239 | $97,541,531,200 | 100% | $78.7M |
- Clients
- 171
- Regulatory AUM
- $39,323,655
- Share
- 0.0%
- Avg. per client
- $230K
- Clients
- 518
- Regulatory AUM
- $33,093,810,277
- Share
- 33.9%
- Avg. per client
- $63.9M
- Clients
- 205
- Regulatory AUM
- $46,802,283,024
- Share
- 48.0%
- Avg. per client
- $228.3M
- Clients
- 341
- Regulatory AUM
- $17,472,667,250
- Share
- 17.9%
- Avg. per client
- $51.2M
- Clients
- 4
- Regulatory AUM
- $133,446,994
- Share
- 0.1%
- Avg. per client
- $33.4M
Total
- Clients
- 1,239
- Regulatory AUM
- $97,541,531,200
- Share
- 100%
- Avg. per client
- $78.7M
What it does
Fiducient Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars and other activities. It is paid through a percentage of assets, fixed fees and performance-based fees.
Fiducient Advisors provided financial planning to 101–250 clients last fiscal year and advises no private funds.
53.8% of assets ($52.46B across 921 accounts) are managed with discretion; $45.08B across 320 accounts are not. 0% of clients are outside the U.S., and 884 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks14%
- Funds57%
- Registered funds41%
- Pooled vehicles16%
- Bonds23%
- Investment grade corporate bonds11%
- State and local bonds8%
- U.S. government and agency bonds2%
- High-yield corporate bonds2%
- Cash1%
- Other5%
- Bank debt5%
Custodians
Fiducient Advisors’ client accounts are held mainly at Charles Schwab, with 25% of managed assets, and US Bank, NA, with 18%. Fiducient Advisors has custody of $39.42B for 734 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $24.37B25%
- US Bank, NAUS Bank, NA · ST. Paul, MN · $17.20B18%
- FidelityFidelity Investments (FMR LLC) · Boston, MA · $7.30B7%
- All other custodians$48.67B50%
Ownership and leadership
Wealthspire US Parent, LLC owns 75% or more of Fiducient Advisors, and Michael Lamena is its CEO.
- Owns 75% or more of Fiducient Advisors 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
Wealthspre GP LLC
Control person · since October 2025
- Owns 75% or more of Wealthspre GP LLC
MDCP Co-Investors (chicago-C), L.P.
Control person · since October 2025
Madison Dearborn Partners
General partner · 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
Leadership
- Michael LamenaChief Executive Officer - Wealthspire
- Michael GossPresident
- Carl NelsonPresident - Wealthspire
- Lisa MoceriChief Operating Officer
- Brian YuChief Compliance Officer
- Robert HilzenrathDirector - Wealthspire
- Christopher KachmarChief Market Strategist
- Brad LongChief Investment Officer
- Veronica MooDirector - Wealthspire
- Brett SchneiderDirector - Wealthspire
Staff
- 210 employees
- 78 in advisory functions
- 60 state-registered reps
- 4 soliciting firms
Reported holdings
Fiducient Advisors’ reported 13F holdings total $698.4M across 153 positions, and the ten largest make up 53.3% of it.
- $698.4M
- Reported 13F value
- 153
- Positions
- 53.3%
- In the 10 largest
- −8.7%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF10.4%
- iShares TR · MSCI Eafe ETF7.9%
- Paccar Inc.6.3%
- iShares TR · Core S&P Scp ETF6.0%
- Vanguard Scottsdale Fds · Int-term Corp.5.0%
- Vanguard Index Fds · S&P 500 ETF Shs4.6%
- Vanguard Scottsdale Fds · Lg-term Cor BD4.0%
- Berkshire Hathaway Inc. Del · CL B New3.1%
- iShares Inc. · Core MSCI Emkt3.0%
- iShares TR · Cre U S REIT ETF2.9%
Together, the ten largest are 53.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $698.4M is not its $97.54B in regulatory assets and does not represent any individual client's portfolio.
Fees
Fiducient Advisors is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Fiducient Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Fiducient Advisors has 17 offices (13 private residences, listed without an address), with 5 listed addresses across 5 states.
Connecticut · 1 listed address
- 5 Waterside Crossing, Windsor
Illinois · 1 listed address
- 500 W Madison Street, Suite 3260, ChicagoHQ
Maine · 1 listed address
- 12 Depot Street, Kennebunk
Massachusetts · 1 listed address
- 265 Franklin ST, Boston
Virginia · 1 listed address
- 1410 Spring Hill Road, McLean
Registration details
- Legal name
- Fiducient Advisors LLC
- Headquarters
- 500 W Madison Street, Suite 3260, Chicago, IL 60661-4593
- Phone
- 312-853-1000
- SEC file
- 801-48820
- Structure
- Illinois LLC
- 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 Fiducient Advisors have?
Fiducient Advisors has 1,239 clients and manages $97.5 billion for them, as of July 2026. They include 518 high-net-worth individuals, 341 charitable organizations and 205 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026
What services does Fiducient Advisors offer?
Fiducient Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Fiducient Advisors use?
Fiducient Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $24,368,989,180, US Bank, NA (ST. Paul, MN), with $17,204,891,831 and Fidelity Investments (FMR LLC) (Boston, MA), with $7,298,954,840. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 July 2026
How many financial advisors does Fiducient Advisors have?
Fiducient Advisors has 60 investment adviser representatives registered with state securities authorities, out of 210 employees, and 78 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 Fiducient Advisors invest in?
At the end of its last fiscal year, Fiducient Advisors’ separately managed accounts held 41% registered funds (mutual funds, ETFs, BDCs), 16% pooled vehicles (private funds and similar), 14% exchange-traded equities, 11% investment grade corporate bonds, 8% state and local bonds, 5% bank debt, 2% U.S. government and agency bonds, 2% high-yield corporate bonds and 1% cash and equivalents. 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 Fiducient Advisors?
Fiducient Advisors is owned through a chain of holding companies by MDCP IX Chicago Splitter Aggregator, L.P. Its direct owner is Wealthspire US Parent, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 July 2026
How does Fiducient Advisors get paid?
Fiducient Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file