First Kentucky Securities Corp
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Overview
First Kentucky Securities Corp operates as a financial advisor firm based in Louisville, Kentucky. The firm controls $641.1 million in total assets throughout 2,848 client accounts, placing it among the larger firms in the nation by assets under management (AUM). First Kentucky Securities Corp has a small team, including 21 financial advisors. First Kentucky Securities Corp is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like equities, options and bonds.
First Kentucky Securities Corp administers most of the firm's accounts on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell judgments without requiring the customer's approval. The firm also administers 714 non-discretionary accounts totaling $243.7 million in AUM. The firm's average account size is $225,110. The average advisor at First Kentucky Securities Corp administers about 136 client accounts.
The firm's headquarters is at 4360 Brownsboro Road, Louisville, Kentucky 40207. The firm is legally registered to provide services to investors throughout 21 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
First Kentucky Securities Corp by the Numbers
$641.1 million
25
2,848
$225.1 thousand
Products and Services
First Kentucky Securities Corp offers a number of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and security rating services. In the past fiscal year, the company provided financial planning services to 1-10 of its accounts. The company does sell products or offer services other than investment advice to its clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees usually are based on which service is offered. Fees charged by the company can consist of some blend of the following fee types: asset-based, hourly, fixed or commission-based. The company participates in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 1% of firms
Commissions
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company caters to retail investors, high net worth investors, pension plans and corporations. Out of its 2,848 clients, First Kentucky Securities Corp's biggest client is retail investors, though it also serves 1,103 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 38.82%
- Other Individuals - 60.37%
- Corporations - 0.81%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
First Kentucky Securities Corp does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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