Investment adviser · CRD 109149

FIDUCIARY MANAGEMENT, INC.

Investment adviser filing (IA)

MILWAUKEE, WI, United States · Form ADV filed Jun 9, 2026

Regulatory AUM: $11.4B
Client accounts: 577
Employees: 25
Advisory professionals: 17

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	6	$6,020,535,538	53.0%
Retirement plans	35	$1,146,870,052	10.1%
High-net-worth individuals	196	$1,135,633,245	10.0%
Pooled investment vehicles	5	$810,085,440	7.1%
Charities	93	$783,792,684	6.9%
Individuals	198	$720,788,733	6.3%
Other clients	Fewer than 5	$193,904,341	1.7%
Corporations & businesses	21	$192,650,149	1.7%
Insurance companies	Fewer than 5	$192,131,109	1.7%
Government entities	16	$163,533,244	1.4%

Filing source

Form ADV 2110475 · Jun 9, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

0 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

No detailed fund records are available here. Funds may be referenced under another reporting adviser in Schedule D 7.B.(2); this does not establish that the adviser has no funds.

Services & filing details

Most recent filing: Jun 9, 2026. View historical filings

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets

Principal office

790 N. WATER STREET, SUITE 2100
MILWAUKEE, WI, 53202, United States

CRD 109149

Filing source

Form ADV 2110475 · Jun 9, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.