Fiduciary Management, Inc.
Registered investment adviser · Milwaukee, WI · CRD #109149
Form ADV data as of 2026-09-01Regulatory assets
$11.36 billion
Total accounts
577
Employees
25
Disclosure events
0
Firm details
- Website: https://www.linkedin.com/company/fiduciary-management-inc-
- Telephone: 414-226-4545
- SEC file number: 801-15164
- Most recent Form ADV filing: 2026-06-09
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $11.36 billion |
| Non-discretionary regulatory assets under management | $0 |
| Total regulatory assets under management | $11.36 billion |
| Discretionary accounts | 577 |
| Non-discretionary accounts | 0 |
| Total accounts | 577 |
| Regulatory assets under management attributable to non-U.S. persons | $800.8 million |
People
| Total employees (excluding clerical) | 25 |
| Employees performing investment advisory functions (including research) | 17 |
| Employees who are registered representatives of a broker-dealer | 0 |
| Employees registered as investment adviser representatives with a state | 3 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | No |
| Has custody of client securities | No |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
How the firm is compensated
Advisory services offered
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends brokers or dealers to clients
- Receives soft dollar benefits
- Provides employee compensation specifically for obtaining clients
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 198 | $720.8 million |
| High net worth individuals | 196 | $1.14 billion |
| Investment companies | 6 | $6.02 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 5 | $810.1 million |
| Pension and profit sharing plans (not the participants or government plans) | 35 | $1.15 billion |
| Charitable organizations | 93 | $783.8 million |
| State or municipal government entities (including government pension plans) | 16 | $163.5 million |
| Insurance companies | Not reported | $192.1 million |
| Corporations or other businesses not listed above | 21 | $192.7 million |
| Other | Not reported | $193.9 million |