# Fiduciary Counselors

Fiduciary Counselors is a Bank / Wealth / Trust based in Washington, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** Washington, DC, United States
- **Founded:** 1974
- **Assets under management:** $18.5B
- **Website:** fiduciarycounselors.com
- **LinkedIn:** https://www.linkedin.com/company/fiduciary-counselors-inc.

## Regulatory record

- **CRD number:** 111827
- **SEC file number:** 801-57010
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/111827

## About

Fiduciary Counselors is an SEC-registered investment adviser in Washington, DC, registered since 1999. The firm manages $20.3 billion in assets, $19.8 billion on a discretionary basis. It has 8 employees and 6 investment advisers.

## Questions

### Does Fiduciary Counselors manage any investment assets?

No. The firm is a non-discretionary consultant and named fiduciary, not an investment manager. It constructs investment policy, selects and monitors third-party managers across public and private markets, but never takes custody of client assets or makes buy/sell decisions on behalf of plans. This structural separation is the foundation of its conflict-free model.

### How does the firm accept fiduciary responsibility for client plans?

Fiduciary Counselors accepts co-fiduciary status under ERISA Section 3(21), meaning it shares fiduciary liability with the plan sponsor for the investment advisory functions it performs. This includes recommending investment managers, monitoring performance, and advising on plan governance. The firm does not act as a 3(38) investment manager with discretionary authority.

### What is Fiduciary Counselors' compensation model?

The firm operates exclusively on a hard-dollar, fee-for-service basis. It accepts no revenue-sharing, 12b-1 fees, placement agent commissions, or soft-dollar compensation from investment managers — a rarity among institutional consultants, many of whom maintain supplementary broker-dealer operations or accept manager-paid conference sponsorships.

### What types of retirement plans does Fiduciary Counselors serve?

The firm advises a cross-section of ERISA-governed plans: corporate defined benefit and defined contribution plans, Taft-Hartley multiemployer trust funds, public retirement systems, and non-qualified deferred compensation programs. Its client base is exclusively institutional.

### Who leads compliance and regulatory oversight at the firm?

Anne L. Becker was promoted to Chief Compliance Officer in January 2024 (per the firm's official communications). The CCO function is responsible for monitoring Department of Labor and SEC regulatory developments that affect ERISA plan fiduciaries and the firm's own advisory practices.

## Related profiles

- [Fiduciary Counseling](https://altss.com/profile/fiduciary-counseling)
- [Fiduciary Financial Partners](https://altss.com/profile/fiduciary-financial-partners)

---

Last updated: 2026-07-08T21:58:54.035Z

Canonical page: https://altss.com/profile/fiduciary-counselors

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology