First Market Bank, F.S.B. (Richmond)

Name: First Market Bank, F.S.B.
Address: 111 Virginia Street, Suite 200, Richmond, VA, 23219
Telephone: (804) 327-7500

First Market Bank, F.S.B. is a large advisory firm based in Richmond. It manages $131.64 million of regulatory assets for 252 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Texas and Virginia.

First Market Bank, F.S.B provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Market Bank, F.S.B: assets under management

The assets under management (AUM) of First Market Bank, F.S.B. is $131.64 million. The firm's AUM has grown by 57% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $129.42 million in discretionary accounts and $2.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $526.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $370.33 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Market Bank, F.S.B. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at First Market Bank, F.S.B.

Elizabeth L. Nelson has been acting as President since 1 Nov 1997. Robert Bolling Fauntleroy has served as the Chief Investment Officer since 1 Jan 1998 and James Edward Ukrop is the Chief Executive Officer of First Market Bank, F.S.B. family office. Harry Allen Turton joined the executive team most recently as the Group Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Ukrop's Thrift Holdings	Shareholder	1 Nov 1997	25% - 50%	00-0000000
National Commerce Financial Corporation	Shareholder	1 Nov 1997	25% - 50%	62-0784645
L.C. Ukrop's Services	Shareholder	1 Nov 1997	Other	54-0967106
David John Fairchild	Chief executive officer & director	1 Nov 1997	Other	4393683
John Mark Presley	Vice chairman	1 Nov 1997	Other	4393679
Elizabeth L. Nelson	President	1 Nov 1997	Other	4719506
William R Reed	Director	1 Nov 1997	Other	2228093
Timothy Schools	Director	1 Nov 1997	Other	4719519
Robert S. Ukrop	Director	1 Nov 1997	Other	4719520
Brian K. Jackson	Director	1 Nov 1997	Other	4719521
David J. Naquin	Director	1 Nov 1997	Other	4719523
Charles A. Neale	Director	1 Nov 1997	Other	4719525
James Edward Ukrop	Chief executive officer	1 Jan 1998	50% - 75%	4719528
Michael Deon Williams	Senior vice president	1 Jan 1998	Other	4063938
Stuart Wells Blain	Senior vice president	1 Jan 1998	Other	4682730
Robert Bolling Fauntleroy	Chief investment officer	1 Jan 1998	Other	2105777
Stephen Wiley Mapp	Senior vice president	1 Mar 2002	Other	4596823
Suntrust Bank	Shareholder	1 Jan 2005	25% - 50%	f139586-4
Ray A Fleming	Chief financial officer	1 Jun 2005	Other	5045545
Harry Allen Turton	Group manager	1 Sep 2005	Other	4339607
Douglas Robert Taylor	Chief compliance officer	1 Sep 2005	Other	4073820

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Edward Ukrop	Shareholder	1 Dec 1976	25% - 50%	4719528
Robert S. Ukrop	Shareholder	1 Dec 1976	25% - 50%	4719520
James Edward Ukrop	Shareholder	1 Apr 1997	50% - 75%	4719528
Robert S. Ukrop	Shareholder	1 Apr 1997	50% - 75%	4719520
Inc. Ukrop's Supermarkets	Sole shareholder	1 Jun 1998	75% - 100%	54-1856253

Based in Richmond

The principal office where First Market Bank, F.S.B. performs its advisory services is located at 111 Virginia Street, Suite 200, Richmond, VA 23219, 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 (804) 327-7500 or by fax (804) 327-7534. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.firstmarketbank.com.