Fiduciary First, LLC (Maitland)

Fiduciary First provides pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiduciary First: assets under management

The assets under management (AUM) of Fiduciary First, LLC is $3.47 billion. The firm's AUM has grown by 1099% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.26 billion in discretionary accounts and $1.21 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.6 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $29.49 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiduciary First, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Nicholas Dominic Dellavedova serves?

The firm provides services to charitable organizations, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Nicholas Dominic Dellavedova is pension and profit sharing plans with 64 clients and $2.64 billion of assets under management. Among the 7 most similar advisory firms, Fiduciary First has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.47 billion for 123 clients. None of the firm’s clients are foreign persons or businesses.

Fiduciary First doesn't advise any private funds.

Careers at Fiduciary First, LLC

The company employs 12 people that are either part- or full-time employees. 17 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Nicholas Dominic Dellavedova has been acting as President since 1 Oct 2018. Brett Ronald Schneider joined the executive team most recently as the Manager.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 11 indirect owners.

Based in Maitland

The principal office where Fiduciary First, LLC performs its advisory services is located at 1060 Maitland Center Commons, Maitland, FL 32751, which is also the mailing address of the firm. An additional office of the firm is in Aliso Viejo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 407-740-6111 or by fax 407-740-6113. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at fiduciaryfirst.com.

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