The Fiduciary Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and publishing newsletters. Financial planning was provided to 26–50 clients last fiscal year.
The Fiduciary Group reports 702 clients. They include 350 high-net-worth individuals, 271 individual clients, and 41 pension and profit-sharing plans. Of its assets, 98.7% ($1.94B across 1,710 accounts) are managed with discretion; $26.3M across 16 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 39% | 5% |
| High-net-worth individuals | 50% | 67% |
| Pension and profit-sharing plans | 6% | 19% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 5% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 271 | $98M | 5.0% | $362K |
| High-net-worth individuals | 350 | $1.32B | 67.0% | $3.77M |
| Pension and profit-sharing plans | 41 | $374M | 19.0% | $9.11M |
| Charitable organizations | 5 | $16.1M | 0.8% | $3.21M |
| Corporations and other businesses | 35 | $163M | 8.3% | $4.66M |
| Total | 702 | $1.97B | 100% | $2.81M |
- Clients
- 271
- Regulatory AUM
- $98M
- AUM share
- 5.0%
- Avg. per client
- $362K
- Clients
- 350
- Regulatory AUM
- $1.32B
- AUM share
- 67.0%
- Avg. per client
- $3.77M
- Clients
- 41
- Regulatory AUM
- $374M
- AUM share
- 19.0%
- Avg. per client
- $9.11M
- Clients
- 5
- Regulatory AUM
- $16.1M
- AUM share
- 0.8%
- Avg. per client
- $3.21M
- Clients
- 35
- Regulatory AUM
- $163M
- AUM share
- 8.3%
- Avg. per client
- $4.66M
Total
- Clients
- 702
- Regulatory AUM
- $1.97B
- AUM share
- 100%
- Avg. per client
- $2.81M
- 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
- 26–50
The Fiduciary Group charges 0.20%–1.00% a year for its Investment management. The fee is billed in arrears, is negotiable, has a $5,000 annual minimum and requires an account of at least $500,000. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Bill pay services
- Bill pay and other administrative services are a fixed quarterly fee starting at $150, quoted in writing in advance.
- Executor services
- Executor fee of 2.0% on the first $1,000,000 of the gross estate, 1.0% on the next $1,000,000 and 0.50% above $2,000,000, minimum $10,000.
- Trustee services
- Trustee fee of 0.50% of trust asset value a year, minimum $5,000; 0.75% a year with a $7,500 minimum where TFG does not also manage the investments.
Focus Operating, LLC owns 75% or more of The Fiduciary Group and is in turn owned by Focus Financial Partners, LLC (75% or more). The leadership team of The Fiduciary Group includes President Malcolm Butler, Chief Investment Officer Joel Goodman and Chief Compliance Officer Shanon R Caddick. It has 18 employees, 11 of them in advisory roles.
Leadership
- Malcolm ButlerPresident and CEO
- Shanon R CaddickChief Compliance Officer
- Joel GoodmanChief Investment Officer
- Scott McGhieDirector of Research and Portfolio Management
Investment adviser representatives
13 representatives listed in the SEC register as of 9 October 2026.
- Kimberly Ragan Beiter
- Hayden Lloyd Blow
- Bess Butler Brunson
- Malcolm Lee Butler
- Colin Alexander Duvall
- Shay Elizabeth Fitzgerald
- Joel Philip Goodman
- Jared Alan Hammers
- Justin Michael Kohler
- Scott Brian McGhie
- Michael Rodman McLeod
- Kaitlyn Jane Murphy
- Kyle Donald Powers
Staff
- 18 employees
- 11 in advisory functions
- 13 state-registered reps
- Owns 75% or more of The Fiduciary Group, LLC
Focus Operating, LLC
Control person · since April 2015
- Owns 75% or more of Focus Operating, LLC
Focus Financial Partners, LLC
Control person · since January 2007
- Owns 50% to 75% of Focus Financial Partners, LLC
Focus Financial Partners Inc.
Control person · since July 2018
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Acquisition, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Acquisition, LLC
Ferdinand FFP Intermediate Holdings, LLC
Control person · since August 2023
- Owns 75% or more of Ferdinand FFP Intermediate Holdings, LLC
Ferdinand FFP Parent, Inc.
Control person · since August 2023
- Owns 75% or more of Focus Financial Partners Inc.
Ferdinand FFP Ultimate Holdings, LP
Control person · since August 2023
- Owns 50% to 75% of Ferdinand FFP Ultimate Holdings, LP
CD&R Ferdinand Holdings, L.P.
Control person · since August 2023
- Owns 50% to 75% of CD&R Ferdinand Holdings, L.P.
Clayton, Dubilier & Rice Fund Xii, L.P.
Control person · since August 2023
- Owns 25% to 50% of CD&R Ferdinand Holdings, L.P.
CD&R Ferdinand Co-Investor, L.P.
Control person · since August 2023
The Fiduciary Group’s regulatory assets grew 1.5× from $1.28B (April 2021) to $1.97B (March 2026); clients rose from 565 to 702 and employees from 14 to 18.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.97B | 702 | 18 | 1 |
| April 2025 | $1.73B | 667 | 16 | 1 |
| April 2024 | $1.61B | 654 | 16 | 1 |
| March 2023 | $1.33B | 630 | 16 | 1 |
| April 2022 | $1.59B | 591 | 15 | 1 |
| April 2021 | $1.28B | 565 | 14 | 1 |
Besides its headquarters, The Fiduciary Group has 0 offices, with 1 listed address in Georgia.
Georgia · 1 listed address
- 310 Commercial Drive, SavannahHQ
Contact and registration details
- Legal name
- The Fiduciary Group, LLC
- Headquarters
- 310 Commercial Drive, Savannah, GA 31406-3682
- Website
- tfginvest.com
- Phone
- 912-303-9000
- @the-fiduciary-group
- SEC file
- 801-96251
- Structure
- Delaware LLC
- Fiscal year end
- December
The Fiduciary Group uses Charles Schwab ($1.59B, 84%) and Fidelity ($300M, 16%) as custodians for its separately managed accounts. The Fiduciary Group has custody of $242M in client assets for 140 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.59B84%
- FidelityNational Financial Services LLC · Smithfield, RI · $300M16%
At year end, The Fiduciary Group’s separately managed accounts were largely in funds (47%) and stocks (41%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.27B across 305 positions; the largest are Vanguard Index Fds (5.6%), Apple Inc. (5.1%) and Alphabet Inc. (4.4%).
What the accounts hold
- Stocks41%
- Funds47%
- Registered funds45%
- Pooled vehicles2%
- Bonds8%
- Investment grade corporate bonds5%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash4%
Reported 13F holdings
- $1.27B
- Reported 13F value
- 305
- Positions
- 32.3%
- In the 10 largest
- +8.9%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs5.6%
- Apple Inc.5.1%
- Alphabet Inc. · Cap Stk CL C4.4%
- iShares TR · Core US Aggbd ET3.7%
- Microsoft Corp.2.6%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt2.3%
- JPMORGAN Chase & CO2.2%
- Palo Alto Networks Inc.2.2%
- Berkshire Hathaway Inc. Del · CL B New2.1%
- iShares TR · 1 3 YR Treas BD2.1%
Together, the ten largest are 32.3% of reported value.
How many clients does The Fiduciary Group have?
The Fiduciary Group has 702 clients and manages $1.97 billion for them, as of March 2026. They include 350 high-net-worth individuals, 271 individual clients, and 41 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does The Fiduciary Group offer?
The Fiduciary Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does The Fiduciary Group charge?
The Fiduciary Group charges 0.20%–1.00% a year for its Investment management. The fee is billed in arrears, is negotiable, has a $5,000 annual minimum and requires an account of at least $500,000.
Which custodians does The Fiduciary Group use?
The Fiduciary Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.59B and National Financial Services LLC (Smithfield, RI), with $300M. 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 The Fiduciary Group have?
The Fiduciary Group has 13 investment adviser representatives registered with state securities authorities, out of 18 employees, and 11 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 The Fiduciary Group invest in?
At the end of its last fiscal year, The Fiduciary Group’s separately managed accounts held 45% registered funds (mutual funds, ETFs, BDCs), 41% exchange-traded equities, 5% investment grade corporate bonds, 4% cash and equivalents, 2% U.S. government and agency bonds, 2% pooled vehicles (private funds and similar) and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does The Fiduciary Group have a minimum investment?
Yes, The Fiduciary Group’s minimum account size for its Investment management is $500K. It charges a $5K annual minimum fee.
Who owns The Fiduciary Group?
The Fiduciary Group is owned through a chain of holding companies by Ferdinand FFP Parent, Inc., CD&R Ferdinand Co-Investor, L.P. and Clayton, Dubilier & Rice Fund Xii, L.P. Its direct owner is Focus Operating, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does The Fiduciary Group get paid?
The Fiduciary Group 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
Is The Fiduciary Group registered with the SEC?
Yes, The Fiduciary Group has been registered with the SEC as an investment adviser since 13 May 2015. Its CRD number is 221530 and its SEC file number is 801-96251.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact The Fiduciary Group?
The Fiduciary Group’s main office is at 310 Commercial Drive, Savannah, GA 31406-3682. Its phone number is 912-303-9000. Its website is tfginvest.com.