Fiduciary First

Fiduciary First, LLC (dba Wealthspire Retirement) provides retirement plan consulting, fiduciary due diligence, investment advice and related services to plan sponsors, plan committees and other institutional clients, and also offers portfolio management and financial planning on an individual basis. The firm’s engagements focus on qualified and non‑qualified retirement plans, governments, nonprofits and corporations, and it reports roughly $2.46 billion in discretionary assets under management (with additional non‑discretionary assets reported).

Investment recommendations and monitoring are driven by an in‑house, CFA‑led investment team that blends quantitative tools (including RPAG manager scoring and third‑party data) with qualitative manager due diligence and both passive and active mutual fund/CIT solutions. The firm documents a “Prudent Fiduciary Process,” including a quarterly fiduciary calendar and an encrypted client lockbox, and acts in ERISA 3(21)/3(38) capacities with discretionary plan‑level selection, mapping and ongoing monitoring responsibilities.

Compared with many peers, the firm has several atypical affiliations and service features: it operates under the Wealthspire/MDP ownership structure and discloses an affiliation with Great Gray Trust Co., whose collective investment trusts the firm may recommend, as well as relationships with a broker‑dealer and insurance agents. The brochure also highlights less common services for a manager of this type — pension consulting and pension/profit‑sharing plan clients, a proprietary financial wellness platform (WellCents®), and the ability to provide project or a‑la‑carte work on an hourly or fixed‑fee basis — and describes processes (independent benchmarking, presentation of unaffiliated alternatives, and fee reasonableness checks) intended to address related conflicts.