Ftb Advisors, Inc. (Memphis)

Name: Ftb Advisors, Inc.
Address: 4990 Poplar Avenue, Memphis, TN, 38117
Telephone: 1-800-213-3702

Ftb Advisors, Inc. is a large advisory firm based in Memphis. It manages $6.12 billion of regulatory assets for 6,497 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 28 other states.

Ftb Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ftb Advisors: assets under management

The assets under management (AUM) of Ftb Advisors, Inc. is $6.12 billion. The firm's AUM has grown by 79% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.48 billion in discretionary accounts and $1.64 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $697.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $21.35 million.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ftb Advisors, Inc. for their services and products based on a percentage of assets under management 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.

What kind of clients David T. Popwell serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David T. Popwell is banking or thrift institutions with 2 clients and $2.51 billion of assets under management. Among the 11 most similar advisory firms, Ftb Advisors has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $6.12 billion for 5,198 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.

Ftb Advisors doesn't advise any private funds.

Careers at Ftb Advisors, Inc.

The company employs 189 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 189 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David T. Popwell has been acting as President since 1 Jun 2011. Gerald William Laurain has served as the Chief Investment Officer since 1 Jan 2008. Karen Morton Kruse joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
First Tennessee Bank National Association (Ftb)	Sole shareholder	1 Jan 1985	75% - 100%	62-0201385
Paul Howard Mann	Chief compliance officer & president, brokerage services	1 Nov 1985	Other	722488
Rhomes C Aur	Ceo	1 Nov 2005	Other	4600004
Rhomes C Aur	Ceo	1 Apr 2007	Other	4470169
Gerald William Laurain	Chief investment officer	1 Apr 2007	Other	843872
First Tennessee Bank National Association	Sole shareholder	1 Apr 2007	75% - 100%	62-0201385
Gerald William Laurain	Chief investment officer	1 Jan 2008	Other	843872
David T. Popwell	Director	1 Jun 2011	Other	4348329
Ottis Mims Clayton	Finop, cfo	1 Jan 2012	Other	3162472
Karen Morton Kruse	President, advisory services	1 Jun 2013	Other	2862059
Paul Howard Mann	Chief compliance officer, president brokerage services	1 Jun 2013	Other	722488
David T. Popwell	Director	1 Jun 2013	Other	4348329
Ottis Mims Clayton	Svp, coo	1 Jun 2013	Other	3162472
Rhomes Carvalho Aur	Director and ceo	1 Dec 2016	Other	4600004
Gerald William Laurain	President, advisory services	1 May 2017	Other	843872
Nicole Sylvester Brinkerhoff	Chief compliance officer	1 Aug 2017	Other	5742266
Karen Morton Kruse	Chief compliance officer	1 Nov 2018	Other	2862059

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
First Horizon National Coporation	Sole shareholder	1 Sep 1968	75% - 100%	62-0803242
First Horizon National Corporation (Fhnc)	Shareholder	1 Nov 1985	75% - 100%	62-0803242

Based in Memphis

The principal office where Ftb Advisors, Inc. performs its advisory services is located at 4990 Poplar Avenue, Memphis, TN 38117, which is also the mailing address of the firm. An additional office of the firm is in Chattanooga, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-800-213-3702 or by fax 901-818-6317. The normal business hours are 8am through 5pm on Monday - Friday. You can find more information about the New York firm at firsthorizon.com.