First City Capital Management Inc (Savannah)

Name: First City Capital Management Inc
Address: 136 Habersham St, Savannah, GA, 31401
Telephone: (912) 233-5492

First City Capital Management Inc is a large advisory firm based in Savannah. It manages $403.82 million of regulatory assets for 475 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Georgia, South Carolina, and Texas.

First City Capital Management provides portfolio management for individuals and small businesses, selection of other advisers, and prepare some client tax returns. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First City Capital Management: assets under management

The assets under management (AUM) of First City Capital Management Inc is $403.82 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 235% since the beginning of its operation, and $1.87 million of the total AUM is attributable to clients outside of the United States.

The firm manages $403.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $850.14 thousand each.

First City Capital Management has custody of $196.35 million in cash and securities for 133 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is other assets, which make up 27% of the firm’s portfolio. Investments in investment and business development companies form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First City Capital Management Inc 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 Edgar L.T. Gay serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Edgar L.T. Gay is high net worth individuals with 67 clients and $325.33 million of assets under management. Among the 7 most similar advisory firms, First City Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $382.66 million for 229 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.

First City Capital Management doesn't advise any private funds.

Careers at First City Capital Management Inc

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edgar L.T. Gay has been acting as President since 1 Jan 1979. Jr. Edmund L. Curlee joined the executive team most recently as the Sr. Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edgar L.T. Gay	President	1 Jan 1979	Other	4348454
Edmund Lane Curlee	Sr. vice president/cio	1 Sep 1992	75% - 100%	1604399
Edwin Bryan Connerat	Sr. vice president	1 Feb 2005	Other	2500064
Ann Marie J. Sarabia	Chief compliance officer	1 Oct 2005	Other	5095427
Jr. Edmund L. Curlee	Sr. vice president	1 Oct 2007	Other	5490934

Based in Savannah

The principal office where First City Capital Management Inc performs its advisory services is located at 136 Habersham St, Savannah, GA 31401 The mailing address of the firm is Po Box 8375, Savannah, GA 31412 8375. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (912) 233-5492 or by fax 912-238-4871. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at firstcitycapitalmanagement.com.