DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Fiduciary Management, Inc.
Latest filing Jun 9, 2026
First filing on the tape Mar 15, 2012 · 26 filings
SEC status approved since Apr 18, 1980
RAUM
$11B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
16%
$1.9B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
25
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$11B as of Jun 9, 2026
Mar 15, 2012$13B then
HNW client RAUM$1.1B as of Jun 9, 2026
Mar 6, 2018$1.3B then
State-registered IARs (5.B.3)3 as of Jun 9, 2026
Mar 15, 20120 then
Employees (5.A)25 as of Jun 9, 2026
Mar 6, 201319 then
Private funds: no history
RAUM -24% over the last fiscal year-4.9% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Jun 9, 2026; every figure names its basis
- RAUM per advisor
- $3.8BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 131derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.8MderivedHNW RAUM over HNW clients
- Average account
- $19.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 20%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 8.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -24%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -17%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$6.0B54%
- Pension and profit-sharing plans$1.1B10%
- High-net-worth individuals$1.1B10%
- Pooled investment vehicles$810M7.3%
- Charitable organizations$784M7.0%
- Individuals$721M6.5%
- Corporations and businesses$193M1.7%
- Insurance companies$192M1.7%
- State and municipal entities$164M1.5%
- Individual clients
- 198reported
- HNW clients
- 196reported
- Pension plan clients
- 35reported
- Charitable clients
- 93reported
- Accounts
- 577reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $194M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.16 fund_share=0.6 institutional_share=0.2 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Daniel Glenn Sievers to Sawbill Capital LLCJan 29, 2024 · Other
- Karl Thomas Poehls to Poehls Associates LLCJun 13, 2016 · Other
Joined, latest
none on the tape
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Scott John Brandser · President, Chief Executive Officercontrolsince 12/2022 · owns 5% to 10%
- J Patrick English · Executive Chairmancontrolsince 12/2022 · owns 25% to 50%
- Douglas Ted Kellner · Retired Executive Charmancontrolsince 06/2017 · owns 25% to 50%
- Jeffrey Bladen Burns · Executive Vice Presidentsince 12/2022 · owns less than 5%
- Christopher Daniel La Nuez · Chief Operating Officer, Chief Compliance Officersince 12/2022 · owns less than 5%
- Porter Jessica Taske · Vice Presidentsince 08/2011 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Milwaukee, Wi · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 686 to 577Jan 5, 2026 to Mar 24, 2026
- Charity clients · 105 to 93Jan 5, 2026 to Mar 24, 2026
- Corporate clients · 29 to 21Jan 5, 2026 to Mar 24, 2026
- HNW clients · 232 to 196Jan 5, 2026 to Mar 24, 2026
- Individual clients · 241 to 198Jan 5, 2026 to Mar 24, 2026
- Pension plan clients · 41 to 35Jan 5, 2026 to Mar 24, 2026
- Pooled vehicle clients · 7 to 5Jan 5, 2026 to Mar 24, 2026
- Employees · 24 to 25Jan 5, 2026 to Mar 24, 2026
- Discretionary RAUM · $15B to $11BJan 5, 2026 to Mar 24, 2026
- HNW RAUM · $1.2B to $1.1BJan 5, 2026 to Mar 24, 2026
- Individual RAUM · $918M to $721MJan 5, 2026 to Mar 24, 2026
- Pension RAUM · $1.3B to $1.1BJan 5, 2026 to Mar 24, 2026
- Pooled vehicle RAUM · $970M to $810MJan 5, 2026 to Mar 24, 2026
- RAUM · $15B to $11BJan 5, 2026 to Mar 24, 2026
- Wrap assets (manager) · $224M to $194MJan 5, 2026 to Mar 24, 2026
- Accounts · 769 to 686Mar 27, 2024 to Mar 17, 2025
- Advisory employees · 18 to 17Mar 27, 2024 to Mar 17, 2025
- Charity clients · 108 to 105Mar 27, 2024 to Mar 17, 2025
- Corporate clients · 41 to 29Mar 27, 2024 to Mar 17, 2025
- HNW clients · 241 to 232Mar 27, 2024 to Mar 17, 2025
- Individual clients · 292 to 241Mar 27, 2024 to Mar 17, 2025
- Pension plan clients · 51 to 41Mar 27, 2024 to Mar 17, 2025
- Employees · 26 to 24Mar 27, 2024 to Mar 17, 2025
- Financial planning clients · unset to Mar 27, 2024 to Mar 17, 2025
- State-registered IARs · 15 to 3Mar 27, 2024 to Mar 17, 2025
- Discretionary RAUM · $15B to $15BMar 27, 2024 to Mar 17, 2025
- HNW RAUM · $1.3B to $1.2BMar 27, 2024 to Mar 17, 2025
- Individual RAUM · $941M to $918MMar 27, 2024 to Mar 17, 2025
- Pension RAUM · $1.4B to $1.3BMar 27, 2024 to Mar 17, 2025
- Pooled vehicle RAUM · $1.1B to $970MMar 27, 2024 to Mar 17, 2025
- RAUM · $15B to $15BMar 27, 2024 to Mar 17, 2025
- Wrap assets (manager) · $207M to $224MMar 27, 2024 to Mar 17, 2025
- Accounts · 831 to 769Jun 20, 2023 to Mar 27, 2024
- Advisory employees · 17 to 18Jun 20, 2023 to Mar 27, 2024
- Charity clients · 119 to 108Jun 20, 2023 to Mar 27, 2024
- Corporate clients · 46 to 41Jun 20, 2023 to Mar 27, 2024
- HNW clients · 261 to 241Jun 20, 2023 to Mar 27, 2024
- Individual clients · 306 to 292Jun 20, 2023 to Mar 27, 2024
- Pension plan clients · 61 to 51Jun 20, 2023 to Mar 27, 2024
- Discretionary RAUM · $13B to $15BJun 20, 2023 to Mar 27, 2024
Signals
4 dated events
- Fiduciary Management, Inc. reported 3 state-registered advisory representatives, down from 15 (2024-03-27 to 2025-03-17)Mar 17, 2025 · Advisor headcount change · derived
- Daniel Glenn Sievers left Fiduciary Management, Inc. for Sawbill Capital Llc (registered 2024-07-17)Jan 29, 2024 · Advisor changed firm · fact
- Fiduciary Management, Inc. reported RAUM $16.9B, down 28% from $23.5B (2020-06-25 to 2021-03-26)Mar 26, 2021 · RAUM change · derived
- Fiduciary Management, Inc. filed its initial SEC registration (Form ADV)Feb 20, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/fiduciary-management-inc-reportedpublic record, Form ADV, Sep 17, 2026
- Website
- fmimgt.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 414-226-4545reportedpublic record, Form ADV, Jun 9, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026