Financial Management Concepts (Winter Springs)

Name: Financial Management Concepts
Address: 1700 Town Plaza Court, Winter Springs, FL, 32708
Telephone: 407-647-7006

Financial Management Concepts is a large advisory firm based in Winter Springs. It manages $126.2 million of regulatory assets for 550 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Florida and Texas.

Financial Management Concepts provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Management Concepts: assets under management

The assets under management (AUM) of Financial Management Concepts is $126.2 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 123% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $229.46 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 45% 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 state and local bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Management Concepts for their services and products based on a percentage of assets under management 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 Brian Lee Fricke serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Brian Lee Fricke is high net worth individuals with 40 clients and $74.74 million of assets under management. Among the 9 most similar advisory firms, Financial Management Concepts has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $125.86 million for 169 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.

Financial Management Concepts doesn't advise any private funds.

Careers at Financial Management Concepts

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 2 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.

Brian Lee Fricke has been acting as President since 1 Jan 1997. Jeffrey Kelvin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Lee Fricke	President	1 Jan 1997	75% - 100%	1587768
Annette M Fricke	Secretary/treasurer	1 Jan 1997	Other	6804047
Brian Patrick Terry	Chief compliance officer	1 Feb 2006	Other	2957936
Anthony Franklin Vanore	Chief compliance officer	1 Apr 2014	Other	3028693
Jeffrey Kelvin	Chief compliance officer	1 Apr 2017	Other	6614864

Based in Winter Springs

The principal office where Financial Management Concepts performs its advisory services is located at 1700 Town Plaza Court, Winter Springs, FL 32708, 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 407-647-7006 or by fax 407-647-7675. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at brianfricke.com and its LinkedIn profile.