Fiducia Group, LLC (Pittsburgh)

Name: Fiducia Group, LLC
Address: 100 West Station Square Drive, Pittsburgh, PA, 15219
Telephone: 412-540-2302

Fiducia Group, LLC is a pension cosultant based in Pittsburgh. It manages $1.19 billion of regulatory assets for 49 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Maryland and Pennsylvania.

Fiducia Group provides pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiducia Group: assets under management

The assets under management (AUM) of Fiducia Group, LLC is $1.19 billion. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $39.97 million in discretionary accounts and $1.15 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.99 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.66 million.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in other assets form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiducia Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Charles Howard Kennedy serves?

The firm provides services to corporations or other businesses and pension and profit sharing plans. The largest group of clients of Charles Howard Kennedy is pension and profit sharing plans with 45 clients and $1.19 billion of assets under management. Among the 8 most similar advisory firms, Fiducia Group has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.19 billion for 46 clients. None of the firm’s clients are foreign persons or businesses.

Fiducia Group doesn't advise any private funds.

Careers at Fiducia Group, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Charles Howard Kennedy has been acting as President since 1 Mar 2008. Courtenay Virginia Shipley joined the executive team most recently as the Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Howard Kennedy	President	1 Mar 2008	25% - 50%	2648104
James Jacob Bartoszewicz	Chief compliance officer	1 Jan 2009	25% - 50%	2801043
Mark Alexander Hutter	Cheif investment officer	1 Jun 2010	25% - 50%	1590175
Courtenay Virginia Shipley	Principal	1 Aug 2012	25% - 50%	4433389

Based in Pittsburgh

The principal office where Fiducia Group, LLC performs its advisory services is located at 100 West Station Square Drive, Pittsburgh, PA 15219, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-540-2302. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at fiduciaretirement.com.