Client 1 St Advisory Group LLC (Clearwater)

Name: Client 1 St Advisory Group LLC
Address: 611 Druid Road E., Clearwater, FL, 33756
Telephone: 727-450-2301

Client 1 St Advisory Group LLC is a large advisory firm based in Clearwater. It manages $171.81 million of regulatory assets for 557 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arkansas, Florida, Louisiana, and 4 other states.

Client 1 St Advisory Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Client 1 St Advisory Group: assets under management

The assets under management (AUM) of Client 1 St Advisory Group LLC is $171.81 million. The firm's AUM has grown by 16% since the beginning of its operation, and $1.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $168.72 million in discretionary accounts and $3.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $305.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $773.5 thousand.

Client 1 St Advisory Group has custody of $7.54 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Client 1 St Advisory Group LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michelle Lais Mabry serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michelle Lais Mabry is high net worth individuals with 49 clients and $106.4 million of assets under management. Among the 10 most similar advisory firms, Client 1 St Advisory Group has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $171.81 million for 244 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.

Client 1 St Advisory Group doesn't advise any private funds.

Careers at Client 1 St Advisory Group LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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.

Michelle Lais Mabry has been acting as President since 1 Mar 2013. Andrea Diane Mears has served as the Chief Investment Officer since 1 Oct 2014 and Craig Scott Phillips is the Chief Executive Officer of Client 1 St Advisory Group LLC family office. David George Stieh joined the executive team most recently as the Director Of Operations / Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Client 1st Advisors	Owner	1 Mar 2013	50% - 75%	59-3488648
Inc. Wealth Management Consultants	Owner	1 Mar 2013	50% - 75%	20-4412035
Michelle Lais Mabry	President	1 Mar 2013	Other	1987030
David George Stieh	Chief operations officer	1 Mar 2013	Other	4151253
Craig Scott Phillips	Chief executive officer / managing member	1 Mar 2013	Other	2066182
Vicki Morgan	Chief compliance officer	1 Mar 2013	Other	4971742
Craig Scott Phillips	Chief executive officer	1 Dec 2013	Other	2066182
Andrea Diane Mears	Chief investment officer	1 Oct 2014	Other	2843116
Herbert Aloysius Pontzer	Chief compliance officer	1 Oct 2014	Other	1586982
Shaun Patrick Fedder	Managing member	1 Jan 2017	Other	6643334
Craig Scott Phillips	Chief compliance officer	1 Jun 2018	25% - 50%	2066182
David George Stieh	Director of operations / managing member	1 Mar 3003	Other	4151253

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Craig Scott Phillips	Owner	1 Dec 1997	75% - 100%	2066182
Michelle Lais Mabry	Owner	1 Jan 2008	75% - 100%	1987030
David George Stieh	Owner	1 Jan 2010	25% - 50%	4151253

Based in Clearwater

The principal office where Client 1 St Advisory Group LLC performs its advisory services is located at 611 Druid Road E., Clearwater, FL 33756, which is also the mailing address of the firm. An additional office of the firm is in Hattiesburg, MS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 727-450-2301 or by fax 727-450-2302. The normal business hours are 8:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at c1ag.com and its LinkedIn profile.