Dupree Financial Group, LLC (Lexington)
Dupree Financial Group, LLC is a large advisory firm based in Lexington. It manages $206.68 million of regulatory assets for 716 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Kentucky, Louisiana, and 4 other states.
Dupree Financial Group provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Dupree Financial Group: assets under management
The assets under management (AUM) of Dupree Financial Group, LLC is $206.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 287% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is government bonds, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Dupree Financial Group, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Dupree Financial Group serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Dupree Financial Group is individuals with 647 clients and $116.79 million of assets under management. Among the 9 most similar advisory firms, Dupree Financial Group has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $206.68 million for 716 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Dupree Financial Group doesn't advise any private funds.
Careers at Dupree Financial Group, LLC
The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Direct owners and executive officers
Based in Lexington
The principal office where Dupree Financial Group, LLC performs its advisory services is located at 237 East Main Street, Lexington, KY 40507, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 859-233-0400 or by fax 859-233-0472. The normal business hours are 9 am - 4 pm on Monday - Friday. You can find more information about the New York firm at dupreefinancial.com.
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