First Kentucky Securities Corporation (Louisville)

Name: First Kentucky Securities Corporation
Address: 4360 Brownsboro Road, Louisville, KY, 40207
Telephone: 502-893-7288

First Kentucky Securities Corporation is a large advisory firm based in Louisville. It manages $339.49 million of regulatory assets for 1,161 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Georgia, Indiana, and 7 other states.

First Kentucky Securities Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and security ratings or pricing services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Kentucky Securities Corporation: assets under management

The assets under management (AUM) of First Kentucky Securities Corporation is $339.49 million. The firm's AUM has grown by 449% since the beginning of its operation, and $330.93 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $197.82 million in discretionary accounts and $141.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $260.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $352.41 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Kentucky Securities Corporation for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bruce Edward Mccrea serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bruce Edward Mccrea is individuals with 1,045 clients and $172.46 million of assets under management. Among the 11 most similar advisory firms, First Kentucky Securities Corporation has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $315.05 million for 1,156 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

First Kentucky Securities Corporation doesn't advise any private funds.

Careers at First Kentucky Securities Corporation

The company employs 25 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 19 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.

First Kentucky Securities Corporation is owned by Christopher Robert Mccrea. Bruce Edward Mccrea has been acting as President since 1 Dec 2015. Ryan Patrick Oconnor joined the executive team most recently as the Cfo, Ceo, Branch Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Strand Jr Kramer	President/muni principal /coo	1 Oct 1995	25% - 50%	1053345
Frederick Jennings Kramer	Chief compliance officer secretary/cfo/ finop	1 Dec 1995	Other	2299599
Judy Elizabeth Howell	Private wealth advisor	1 Jan 2001	Other	1634346
Judy E Howell	Private wealth advisor	1 Jan 2001	Other	1634346
Christina Jones Harrison	Vice president	1 May 2001	Other	1171516
Bruce Edward Mccrea	First vice president	1 Sep 2005	25% - 50%	874087
Sheree Long Bollinger	Human resources director/board member	1 Apr 2007	Other	1437851
Bruce Edward Mccrea	President private client group	1 Apr 2007	25% - 50%	874087
William Cranston Jr Fenwick	Senior vp & board member	1 Sep 2007	Other	1547907
Kevin Patrick Oconnor	Senior vice president	1 Jul 2014	Other	1250514
Christopher Robert Mccrea	Owner	1 Jan 2015	Other	5830477
Bryan Sean Mccrea	Owner	1 Jan 2015	Other	5830009
Bryan S Mccrea	Owner	1 Jan 2015	Other	5830009
Ann Marie Nicholson	Cco	1 Oct 2015	Other	2449342
Tyler Darrell Current	Vice president/board member	1 Nov 2015	Other	5363467
Mary Jane Jennings	Vice president	1 Nov 2015	Other	1850902
Bruce Edward Mccrea	President/ceo	1 Dec 2015	Other	874087
Edward Matthew Genes	Cfo	1 Dec 2015	Other	2955461
Frederick Jennings Kramer	Vice president	1 Jan 2016	Other	2299599
Ryan Patrick Oconnor	Secretary/cfo	1 Jan 2016	Other	5337922
Raymond Strand Jr Kramer	Branch manager/muni principal	1 Oct 2016	25% - 50%	1053345
Bruce Edward Mccrea	Senior vice president	1 Aug 2019	Other	874087
Ryan Patrick Oconnor	Cfo, ceo, branch manager	1 Aug 2019	Other	5337922

Based in Louisville

The principal office where First Kentucky Securities Corporation performs its advisory services is located at 4360 Brownsboro Road, Louisville, KY 40207, which is also the mailing address of the firm. An additional office of the firm is in Lexington, KY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 502-893-7288 or by fax 502-893-1626. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at firstky.com.