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First Fiduciary Investment Counsel Inc

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Client assets under management

$409,346,324

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Clients

264

66% high-net worth

Advisors

3

of 5 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

More info

Clients per advisor

88

High

Average account size

$1,550,554

About

First Fiduciary provides discretionary investment management to individuals, non‑profits, retirement plans, trusts, estates, ESOPs and other institutions, managing roughly $565.5 million for approximately 276 clients across about 460 accounts as of December 31, 2025. The firm operates as a fee‑only manager that does not accept commissions and places client assets with independent third‑party custodians, trading under limited power‑of‑attorney authorizations.

The firm’s investment approach emphasizes equity and balanced strategies centered on large‑capitalization, dividend‑paying companies, typically constructing portfolios of 30–40 stocks and applying sector and single‑security limits (generally about 25% per sector and 8% per security). First Fiduciary relies primarily on fundamental analysis implemented by a team of portfolio managers and incorporates fixed‑income instruments or pooled fixed‑income products into balanced accounts when income or diversification needs warrant.

Noteworthy among peers, the brochure discloses participation in multiple wrap‑fee programs — including programs sponsored by Lincoln Investment (CAAMS Select Managers), Morgan Stanley (Investment Management Services), RBC (Flexnet and MAP), Strategic Asset Management Group, and Wells Fargo (Private Advisor Network) — and the firm’s use of formal solicitor/referral agreements with broker‑dealers (named in the brochure as Cambridge and IBN) where referral fees are paid and disclosed. The firm also reports a modest soft‑dollar credit applied primarily toward FactSet research and provides regular written performance and account reports that clients are urged to reconcile with custodian statements.

Client services

Financial planning Portfolio management

Expertise

Wealth management Passive / index investing Income planning

Fee options

Fixed

Wealth management planning and cash flow analysis fees typically range from $1,000 to $5,000 (case-by-case basis)

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $3,000,000: 0.75% $3,000,001 - $10,000,000: 0.60% $10,000,001+: 0.50%

Other

Minimum fee: First Fiduciary may charge an annual minimum fee (specific amount not stated) Fee-only: Fee-only investment management; no commissions accepted by firm

Main office location

First Fiduciary Investment Counsel Inc

6100 Oak Tree Blvd. Suite 185

Cleveland OH 44131, United States

Number of offices

1

Most active in

More info

California · Florida · Illinois · Indiana · Louisiana · Minnesota · New York · Ohio · Texas

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 216-643-9100

Advisors at this firm

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William H

Series 65

Cleveland, OH

First Fiduciary Investment Counsel Inc

William Henry is a Series 65-licensed advisor with First Fiduciary Investment Counsel Inc in Cleveland, OH, where he has worked since 2008. He has 9 years of industry experience and has held roles at Dan Marchetta Realty and North Ridge Development LTD. First Fiduciary Investment Counsel provides discretionary investment management and wealth planning services to individuals, non-profits, retirement plans, trusts, estates, ESOPs, and other institutional clients. The firm emphasizes dividend-oriented, large-cap equity investing based on fundamental analysis and third-party research, managing diversified portfolios typically containing 30–40 stocks with sector and security limits.

Wealth management Passive / index investing Income planning
user avatar

Andrew G

CFA®

Cleveland, OH

First Fiduciary Investment Counsel Inc

Andrew Givens is a CFA® charterholder with ten years at First Fiduciary Investment Counsel Inc and a total of 13 years in the industry, including nine years at Victory Capital Management. He is based in Cleveland, OH. First Fiduciary Investment Counsel provides discretionary investment management and wealth planning services to individuals, non-profits, retirement plans, trusts, estates, ESOPs, and other institutional clients. The firm employs a dividend-oriented, large-cap equity investment approach supported by fundamental analysis and third-party research, managing diversified portfolios with sector and security limits.

Wealth management Passive / index investing Income planning
user avatar

Laura C

Series 65

Cleveland, OH

First Fiduciary Investment Counsel Inc

Laura Collins is a Series 65-licensed advisor with First Fiduciary Investment Counsel Inc in Cleveland, OH, where she has worked since 2009. She has 2 years of industry experience and is part of a three-advisor team at the firm. First Fiduciary Investment Counsel provides discretionary investment management and wealth planning services to individuals, non-profits, retirement plans, trusts, estates, ESOPs, and other institutional clients. The firm uses a dividend-oriented, large-capitalization equity investment approach supported by fundamental analysis and third-party research, managing diversified portfolios with sector and security limits.

Wealth management Passive / index investing Income planning
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