Multi-Family OfficeRIA · CRD 136612SEC-Registered

Updated:

Fiduciary Management Group

Thornton founded Fiduciary Management Group in 2005 after stints at Morgan Stanley and Credit Suisse, where he sat on both firms' internal recognition...

Fiduciary Management Group logo

Fiduciary Management Group

Thornton founded Fiduciary Management Group in 2005 after stints at Morgan Stanley and Credit Suisse, where he sat on both firms' internal recognition councils. An MBA graduate of NYU Stern, he structured FMG as an independent advisory targeting the financial and business needs of wealthy individuals, families, and institutions across North America, Europe, Asia, Africa, Oceania, and South America. The firm manages capital across public equities and hedge funds, according to Altss research, and targets technology subsectors including AI/ML, consumer tech, enterprise software, and semiconductors. FMG's service model spans three verticals — institutional services, family wealth, and sports and entertainment — with reporting on its website indicating it provides tailored investment advice and strategic planning to its client base. FMG's team has included managing partner Ed Butowsky, and a principal at Lifeworks Advisors served as president from April 2018 to June 2022, per a Form ADV filing. Alumnus Allan Boomer went on to found SEC-registered Momentum Advisors in New York. Operational headcount and total deployment figures remain undisclosed. As a multi-family office relying on a service-line structure rather than a pure investment-partnership model, FMG differs from most peer firms. Its website lists institutional services alongside family and athlete-focused practices, suggesting revenue is tied to advisory fees across distinct business units rather than a single pooled vehicle.

General information

Firm type

Multi Family Office

Year founded

2005

Location

Region

North America

Country

United States

City

New York

Corporate office

1120 Avenue of the Americas, 4th Floor, New York, NY 10036, United States

Principals

Ivan T. Thornton

Founder

Ed Butowsky

Managing Partner

Sector focus

Public EquitiesHedge Funds

Frequently asked questions

Who runs investment decisions at Fiduciary Management Group?

Founder Ivan T. Thornton, an NYU Stern MBA who previously served as a Vice President at Morgan Stanley and Credit Suisse, built FMG in 2005. His prior roles included recognition on both firms' internal presidents' councils. Day-to-day leadership of the investment function has not been publicly detailed beyond Thornton's oversight.

How does Fiduciary Management Group source its clients?

FMG targets wealthy individuals, families, and institutions through three service lines — Institutional Services, Family Wealth, and Sports and Entertainment — per its website. The firm has not publicly described a dedicated sourcing model, but the structured practice groups imply relationship-driven origination within each channel.

Does Fiduciary Management Group participate in fund commitments or only direct public-equity investing?

Altss research indicates that FMG invests in public equities and hedge funds. The firm has not published specific direct-deal or private-fund commitment track records, and its Form ADV filings do not clarify whether it accesses alternatives through fund vehicles or direct co-investment.

Which sectors does Fiduciary Management Group explicitly focus on?

Altss research tags FMG's technology focuses as AI/ML, consumer tech, enterprise software, and semiconductors. Hedge fund and public-equity allocations provide broad market coverage, though the firm has not disclosed exclusions or sector-avoidance criteria on its website.

Is Fiduciary Management Group registered with the SEC?

An RIAbase listing assigns FMG SEC number 801-77646, consistent with it operating as a registered investment advisor. The firm's CRD number, per the same directory, is 136612.

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