City Securities Corporation (Indianapolis)

City Securities Corporation is a large advisory firm based in Indianapolis. It manages $949.08 million of regulatory assets for 3,442 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 35 other states.

City Securities Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment supervisory services in coordination with independent portfolio managers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

City Securities Corporation: assets under management

The assets under management (AUM) of City Securities Corporation is $949.08 million. The firm's AUM has grown by 790% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $243.62 million in discretionary accounts and $705.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $261.57 thousand.

City Securities Corporation has custody of $892.92 million in cash and securities for 3,374 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay City Securities Corporation 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.

Careers at City Securities Corporation

John Wesley Biddinger has been acting as President since 1 Mar 1970. Stifel Financial Corp joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Indianapolis

The principal office where City Securities Corporation performs its advisory services is located at 30 South Meridian Street, Indianapolis, IN 46204 3573, which is also the mailing address of the firm. An additional office of the firm is in South Bend, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-634-4400 or by fax 317-955-2539. 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 citysecurities.com.

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