Ftn Financial Main Street Advisors LLC (Las Vegas)

Name: Ftn Financial Main Street Advisors LLC
Address: 10655 Park Run Drive, Las Vegas, NV, 89144
Telephone: 702-575-6592

Ftn Financial Main Street Advisors LLC is a large advisory firm based in Las Vegas. It manages $11.1 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Idaho, Nevada, and Utah.

Ftn Financial Main Street Advisors provides portfolio management for businesses and institutional clients and consulting for government entities. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ftn Financial Main Street Advisors: assets under management

The assets under management (AUM) of Ftn Financial Main Street Advisors LLC is $11.1 billion. The firm's AUM has gone down by -23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.02 billion in discretionary accounts and $1.08 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $589.59 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $359.63 million.

Investments

The firm invests in government bonds the most. They account for 64% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ftn Financial Main Street Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Richard Lee Phillips serves?

The only and largest group of clients of Richard Lee Phillips is state or municipal government entities with 20 clients and $11.1 billion of assets under management. Among the 9 most similar advisory firms, Ftn Financial Main Street Advisors has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $11.1 billion for 20 clients. None of the firm’s clients are foreign persons or businesses.

Ftn Financial Main Street Advisors doesn't advise any private funds.

Careers at Ftn Financial Main Street Advisors LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Richard Lee Phillips has been acting as President since 1 Feb 2012. Tonya L Dazzio joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Lee Phillips	President	1 Feb 2012	Other	1600180
Tonya L Dazzio	Chief compliance officer	1 Feb 2012	Other	4952833
First Tennessee Bank N.A.	Owner	1 Feb 2012	75% - 100%	62-0201385
Richard Klein Bollinger	Manager	1 Feb 2012	Other	1630172
Donald Allen Ritcheson	Manager	1 Feb 2012	Other	2360009

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
First Horizon National Corp.	Owner	1 Jan 2012	75% - 100%	62-0201385

Based in Las Vegas

The principal office where Ftn Financial Main Street Advisors LLC performs its advisory services is located at 10655 Park Run Drive, Las Vegas, NV 89144, 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 702-575-6592 or by fax 702-575-6670. The normal business hours are 7am to 4pm on Monday - Friday. You can find more information about the New York firm at ftnmainstreet.com.