First Fiduciary Investment Counsel provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
First Fiduciary Investment Counsel reports 276 clients. They include 173 high-net-worth individuals, 91 individual clients and 5 charitable organizations. Of its assets, 100.0% ($566M across 460 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $121M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 33% | 5% |
| High-net-worth individuals | 63% | 67% |
| Pension and profit-sharing plans | <1% | 1% |
| Charitable organizations | 2% | 17% |
| Corporations and other businesses | 1% | 6% |
| Other client typesOther | <1% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 91 | $30.2M | 5.3% | $332K |
| High-net-worth individuals | 173 | $379M | 67.0% | $2.19M |
| Pension and profit-sharing plans | Fewer than 5 | $6.55M | 1.2% | $3.27M |
| Charitable organizations | 5 | $97.3M | 17.2% | $19.5M |
| Corporations and other businesses | Fewer than 5 | $32.1M | 5.7% | $10.7M |
| Other | Fewer than 5 | $20.3M | 3.6% | $10.1M |
| Total | 276 | $566M | 100% | — |
- Clients
- 91
- Regulatory AUM
- $30.2M
- AUM share
- 5.3%
- Avg. per client
- $332K
- Clients
- 173
- Regulatory AUM
- $379M
- AUM share
- 67.0%
- Avg. per client
- $2.19M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.55M
- AUM share
- 1.2%
- Avg. per client
- $3.27M
- Clients
- 5
- Regulatory AUM
- $97.3M
- AUM share
- 17.2%
- Avg. per client
- $19.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $32.1M
- AUM share
- 5.7%
- Avg. per client
- $10.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $20.3M
- AUM share
- 3.6%
- Avg. per client
- $10.1M
Total
- Clients
- 276
- Regulatory AUM
- $566M
- AUM share
- 100%
- Avg. per client
- —
- 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
First Fiduciary Investment Counsel charges 0.50%–1.00% for its Standard management fee. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.75% |
| $3M–$10M | 0.60% |
| $10M and above | 0.50% |
Fee details and sources
Other fees
- Wealth management planning
- Wealth management planning and cash flow analysis is priced case by case and typically ranges from $1,000 to $5,000.
Mary Anderson owns 50% to 75% of First Fiduciary Investment Counsel. The leadership team of First Fiduciary Investment Counsel includes President Mary Anderson, Chief Operating Officer William Henry and Chief Compliance Officer Laura Collins. It has 5 employees, 3 of them in advisory roles.
Leadership
- Mary AndersonPresident
- William HenryChief Operating Officer
- Laura CollinsChief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Mary Frances Anderson
- Laura Ann Collins
- Andrew Joseph Givens
- William Stone Henry
Staff
- 5 employees
- 3 in advisory functions
- 4 state-registered reps
- 3 soliciting firms
- Owns 50% to 75% of First Fiduciary Investment Counsel Inc
Mary Anderson
Control person · since January 2006
- Owns 50% to 75% of First Fiduciary Investment Counsel Inc
William Henry
Control person · since June 2012
First Fiduciary Investment Counsel’s regulatory assets went from $580M (March 2021) to $566M (March 2026); clients fell from 319 to 276 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $566M | 276 | 5 | 1 |
| February 2025 | $537M | 226 | 5 | 1 |
| March 2024 | $502M | 297 | 5 | 1 |
| March 2023 | $489M | 307 | 5 | 1 |
| March 2022 | $587M | 308 | 5 | 1 |
| March 2021 | $580M | 319 | 5 | 1 |
Besides its headquarters, First Fiduciary Investment Counsel has 0 offices, with 1 listed address in Ohio.
Ohio · 1 listed address
- 6100 Oak Tree BLVD. Suite 185, ClevelandHQ
Contact and registration details
- Legal name
- First Fiduciary Investment Counsel Inc
- Headquarters
- 6100 Oak Tree BLVD. Suite 185, Cleveland, OH 44131
- Website
- firstfiduciary.com
- Phone
- 216-643-9100
- @first-fiduciary-inv-counsel
- SEC file
- 801-11685
- Structure
- Ohio corporation
- Fiscal year end
- December
First Fiduciary Investment Counsel uses Charles Schwab ($325M, 68%), Lincoln Investment Planning ($89.5M, 19%) and Stifel, Nicolaus & Company ($66.1M, 14%) as custodians for its separately managed accounts. First Fiduciary Investment Counsel does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $325M68%
- Stifel, Nicolaus & CompanyStifel, Nicolaus & Company, Incorporated · St. Louis, MO · $66.1M14%
- Lincoln Investment PlanningLincoln Investment Planning, LLC · Fort Washington, PA · $89.5M19%
At year end, First Fiduciary Investment Counsel’s separately managed accounts were mostly in stocks (89%). Its reported 13F holdings for the quarter ended 31 March 2026 total $497K across 66 positions; the largest are JP Morgan (7.2%), Microsoft Corp. (5.5%) and Lowe's (4.5%).
What the accounts hold
- Stocks89%
- Funds3%
- Bonds4%
- U.S. government and agency bonds3%
- Investment grade corporate bonds1%
- Cash4%
Reported 13F holdings
- $497K
- Reported 13F value
- 66
- Positions
- 43.8%
- In the 10 largest
- —
- Value vs. prior quarter
- JP Morgan7.2%
- Microsoft Corp.5.5%
- Lowe's4.5%
- Johnson/johnson4.5%
- Blackrock4.4%
- Goldman Sachs3.9%
- Honeywell Int'l3.7%
- Marriott Int'l3.6%
- Equinix Inc. REIT3.3%
- Waste Mgmt3.1%
Together, the ten largest are 43.8% of reported value.
How many clients does First Fiduciary Investment Counsel have?
First Fiduciary Investment Counsel has 276 clients and manages $566 million for them, as of March 2026. They include 173 high-net-worth individuals, 91 individual clients and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does First Fiduciary Investment Counsel offer?
First Fiduciary Investment Counsel provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does First Fiduciary Investment Counsel charge?
First Fiduciary Investment Counsel charges 0.50%–1.00% for its Standard management fee. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: FIRST FIDUCIARY INVESTMENT COUNSEL FORM ADV PART 2A+2B DTD 02-01-2026, filed 27 March 2026
Which custodians does First Fiduciary Investment Counsel use?
First Fiduciary Investment Counsel’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $325M, Lincoln Investment Planning, LLC (Fort Washington, PA), with $89.5M and Stifel, Nicolaus & Company, Incorporated (St. Louis, MO), with $66.1M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does First Fiduciary Investment Counsel have?
First Fiduciary Investment Counsel has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 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 First Fiduciary Investment Counsel invest in?
At the end of its last fiscal year, First Fiduciary Investment Counsel’s separately managed accounts held 89% exchange-traded equities, 4% cash and equivalents, 3% U.S. government and agency bonds, 3% registered funds (mutual funds, ETFs, BDCs) and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns First Fiduciary Investment Counsel?
First Fiduciary Investment Counsel’s direct owners are Mary Anderson (50% to 75%) and William Henry (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does First Fiduciary Investment Counsel get paid?
First Fiduciary Investment Counsel is paid through a percentage of assets under management 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
How do I contact First Fiduciary Investment Counsel?
First Fiduciary Investment Counsel’s main office is at 6100 Oak Tree BLVD. Suite 185, Cleveland, OH 44131. Its phone number is 216-643-9100. Its website is firstfiduciary.com.