Independent Fiduciary Services, Inc. (Washington)


Independent Fiduciary Services, Inc. is a large advisory firm based in Washington. It manages $1.72 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia and Florida.

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Independent Fiduciary Services provides portfolio management for businesses and institutional clients, pension consulting services, and market timing 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.

Independent Fiduciary Services: assets under management

The assets under management (AUM) of Independent Fiduciary Services, Inc. is $1.72 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 241% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $1.72 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $122.86 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Independent Fiduciary Services, Inc. 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.

Careers at Independent Fiduciary Services, Inc.

Winston Churchill has been acting as President since 1 Nov 2000. G Alan Stiles joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Francis Xavier Lilly President 1 Oct 1996 50% - 75% 1879491
Samuel William Halpern Executive vice president/general counsel 1 Oct 1996 25% - 50% 4521084
Richard Frederick Schmidt Chief financial officer 1 Oct 1996 Other 4521092
Leslie Billet Chief compliance officer 1 Jun 1997 Other 2558659
Winston Churchill Director 1 Nov 2000 Other 4347633
Maynard Robert Director 1 Nov 2000 Other 4347634
Peter Charles Giammarinaro Vice president, controller & compliance officer 1 Mar 2003 Other 2143554
Andrew Irving Chief legal officer 1 Aug 2004 Other 4920497
Francis Xavier Lilly Chief executive officer and chariman of the board 1 Jan 2006 25% - 50% 1879491
Samuel William Halpern President 1 Jan 2006 25% - 50% 4521084
Richard Frederick Schmidt Executive vice president and chief financial officer 1 Jan 2006 Other 4521092
Barnard Andrew Buscemi Executive vice president and chief operating officer 1 Jan 2006 Other 2765189
Natalie Hope Kossak Vice president, asst general counsel & chief compliance officer 1 Jun 2006 Other 5178697
G Alan Stiles Chief operating officer 1 Apr 2007 Other 5324840

Based in Washington

The principal office where Independent Fiduciary Services, Inc. performs its advisory services is located at 805 15 Th Street Nw, Washington, DC 20005, which is also the mailing address of the firm. An additional office of the firm is in Newark, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-898-2270 or by fax 202-898-1819. The normal business hours are 8:30am - 6:00pm on Monday - Friday. You can find more information about the New York firm at www.independentfiduciary.com.