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.
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 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.
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.
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.
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.