Fiduciary Management, Inc.

Fiduciary Management, Inc. is an independent money management firm founded in 1980 and based in Milwaukee, Wisconsin. The firm specializes in equity investing strategies with a value discipline rooted in fundamental research. Fiduciary Management, Inc. manages assets for domestic and international institutions, individual investors, and Registered Investment Advisors through separately managed accounts and the FMI Family of Funds. The firm offers six equity investment strategies, including Large-Cap, Small-Cap, All-Cap, International Equity, Focused Global Equity, and Global Equity. Fiduciary Management, Inc. does not offer financial planning services or advise on the selection of other money managers or mutual funds not managed by the firm. The minimum initial investment for separately managed accounts ranges from $1 million to $3 million, depending on the strategy. The firm charges management fees based on a tiered fee schedule, with fees ranging from 0.35% to 0.85% based on the investment strategy and account size. As of December 31, 2024, Fiduciary Management, Inc. had $15.0 billion in assets under management, all of which were discretionary assets. The firm acts as a sub-adviser to unaffiliated mutual funds and manages client accounts through wrap fee programs and unified managed accounts. Fiduciary Management, Inc. does not have any legal or disciplinary events to report and does not accept compensation from any person or entity for the sale of securities or other investment products.