Fiduciary Management, Inc.
- Regulatory AUM
- $11.4B
- Discretionary
- $11.4B
- Clients
- 570
- Avg AUM / client
- $19.9M
- Accounts
- 577
- Employees
- 25
AUM over time
Annual snapshots from Form ADV filings · as of Jun 09, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 198 | $721M | 6.35% |
| High net worth individuals | 196 | $1.1B | 10.0% |
| Investment companies | 6 | $6.0B | 53.0% |
| Pooled investment vehicles (non-investment companies) | 5 | $810M | 7.13% |
| Pension and profit sharing plans | 35 | $1.1B | 10.1% |
| Charitable organizations | 93 | $784M | 6.9% |
| State or municipal government entities | 16 | $164M | 1.44% |
| Insurance companies | Fewer than 5 clients | $192M | 1.69% |
| Corporations and other businesses | 21 | $193M | 1.7% |
| Other | Fewer than 5 clients | $194M | 1.71% |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| St Paul Electrical Workers Reserve Trust EIN 411334004 | Saint Paul, MN | 09/30/2024 |
| Misericordia Home EIN 362170153 | Chicago, IL | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Taske, Jessica, Porter | Vice President | Aug 2011 (15y) | Less than 5% | |
| Kellner, Ted, Douglas | Retired Executive Charman | Jun 2017 (9y) | 25% – 50% | |
| Brandser, John, Scott | President, Chief Executive Officer | Dec 2022 (4y) | 5% – 10% | |
| Burns, Bladen, Jeffrey | Executive Vice President | Dec 2022 (4y) | Less than 5% | |
| English, Patrick, J | Executive Chairman | Dec 2022 (4y) | 25% – 50% | |
| La Nuez, Daniel, Christopher | Chief Operating Officer, Chief Compliance Officer | Dec 2022 (4y) | Less than 5% |
Undisclosed: 0% – 45% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (10)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Roofers Local No 20 Pension Plan | Roofers Local No 20 Pension Plan | 540 | $110M | 06/01/2024 |
| Contractors Laborers Teamsters & Engineers Pension Plan | Contractors Laborers Teamsters & Engineers Pension Plan | 884 | $149M | 01/01/2024 |
| Old Dutch Foods Inc Country Salesmen Pension Plan | Old Dutch Foods, Inc | 110 | $19.8M | 01/01/2024 |
| Retail, Wholesale & Department Store International Union And Industry Pension Fund | Board Of Trustees Of Retail Wholesale & Dept Store | 1,569 | $619M | 01/01/2024 |
| Twin Cities Bakery Drivers Pension Plan | Twin Cities Bakery Drivers Pension Fund | 256 | $97.1M | 01/01/2024 |
| Minnesota Bakers Union Pension Plan | Minnesota Bakers Union Pension Plan | 848 | $227M | 01/01/2024 |
| Old Dutch Foods Office And Administrative Pension Plan | Old Dutch Foods Inc | 106 | $33.0M | 01/01/2024 |
| Plumbers & Pipefitters U.A. Local 85 Pension Plan | Joint Board Of Trustees Plumbers & Pipefitters U.A. Local 85 Pension | 794 | $177M | 01/01/2024 |
| Southern Nevada And California Glaziers, Fabricators, Painters And Floorcoverers Pension Trust Fund | Southern Nv & Ca Glaziers Fabricators Painters & Floorcoverers Pensio | 3,538 | $109M | 01/01/2024 |
| Defined Benefit Pension Plan Of The Plumbers & Steamfitters Local 400 And Mechanical Contractors Association Of North Central Wisconsin | Board Of Trustees | 1,573 | $273M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (2)
| Organization | Type | Assets | As of |
|---|---|---|---|
| St Paul Electrical Workers Reserve Trust | Public charity | $220M | 09/30/2024 |
| Misericordia Home | Public charity | $979M | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/09/2026 | 989 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $1.6B (12% of AUM) Jun 2023
- Northern Trust $1.3B (12% of AUM) Jun 2026
- J.P. Morgan $1.2B (4% of AUM) Mar 2018
- BNY Mellon $1.0B (6% of AUM) Mar 2021
- Charles Schwab & Co. $610M (5% of AUM) Jun 2026
- U.S. Bank $499M (4% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 09, 2026.
View current Form ADV (SEC/IAPD) ↗