Wealth manager, independent · Grand Rapids, MI
Fiduciary Financial Advisors
SEC-registered investment adviser · CRD 172103 · SEC 801-120619
At a glance
Fiduciary Financial Advisors is an SEC-registered investment adviser based in Grand Rapids, Michigan, with $1.3B in regulatory assets under management as of its Form ADV filed April 14, 2026. It reports 2,164 individual clients, 555 of them high-net-worth, holding an average of about $0.6 million each, and 50 employees. That ranks it 837th among the nation’s 5,657 independent wealth management RIAs and 22nd of 178 in Michigan. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 616-622-3062forfiduciary.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #837 of 5,657
- Rank among all SEC RIAs
- #4,596 of 17,210
- Rank in Michigan
- #22 of 178
- Individual clients
- 2,164
- High-net-worth clients
- 555
- Accounts
- 8,246
- Discretionary
- 100% of AUM
- Employees
- 50
- Advisory staff
- 50
- Offices
- 14
Owners and executives on its Form ADV
- Benjamin M. VerwysManaging Member/cco
- Thomas M BlowerFinancial Advisor
- Brook PowersCEO
Custody and brokerage
Broker-dealer
No broker-dealer ties
Fiduciary Financial Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 555 | $961M | 72% |
| Individuals | 1,609 | $349M | 26% |
| Pooled investment vehicles | 9 | $10M | <1% |
| Charitable organizations | 9 | $6M | <1% |
| Pension and profit sharing plans | 1 | $3M | <1% |
Private funds
Fiduciary Financial Advisors reports 2 private funds with $17M in gross assets: venture capital funds (Form ADV Item 7.B).
Disciplinary disclosures
Fiduciary Financial Advisors reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗forfiduciary.com ↗
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- Assets, accounts, clients and staff, 4 years of filings
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- Growth over one, three and five years
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- Rank against 2,790 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
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- Filing changes this year, with alerts
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Similar-size RIAs in Michigan
All of Michigan →| Firm | Regulatory AUM | Clients |
|---|---|---|
| LVM Capital Management LTDPortage | $1.6B | 1,369 |
| Planning Alternatives LTDBirmingham | $1.5B | 669 |
| Spartan Wealth ManagementBingham Farms | $1.5B | 1,165 |
| CWS Financial Advisors LLCKalamazoo | $1.3B | 802 |
| Columbia Asset Management, L.L.C.ANN Arbor | $1.2B | 411 |
| StraightlineTroy | $1.2B | 2,358 |
Background
Questions
How much does Fiduciary Financial Advisors manage?
Fiduciary Financial Advisors reports $1.3B in regulatory assets under management across 8,246 accounts, 100% of it on a discretionary basis, on its Form ADV filed April 14, 2026.
How many clients does Fiduciary Financial Advisors have?
It reports 2,164 individual clients: 555 high-net-worth individuals and 1,609 other individuals. Individuals account for about 99% of its regulatory assets.
Where is Fiduciary Financial Advisors headquartered?
Its main office is in Grand Rapids, Michigan. It reports 14 offices in total and 50 employees, 50 of whom perform investment advisory functions.
How does Fiduciary Financial Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Fiduciary Financial Advisors use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed April 14, 2026, it reports these amounts held: Charles Schwab ($738M); Fidelity ($338M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Fiduciary Financial Advisors a hybrid RIA with a broker-dealer?
Fiduciary Financial Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Fiduciary Financial Advisors a fiduciary?
As an SEC-registered investment adviser, Fiduciary Financial Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Fiduciary Financial Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-04-14), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →