Financial Resource Management, Inc. (Memphis)

Financial Resource Management, Inc. is an adviser based in Memphis. It manages $76.29 million of regulatory assets for 568 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arkansas, Florida, Louisiana, and 3 other states.

Financial Resource Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Resource Management: assets under management

The assets under management (AUM) of Financial Resource Management, Inc. is $76.29 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $76.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $134.3 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Resource 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.

Careers at Financial Resource Management, Inc.

James Kevin Johnston has been acting as President since 1 Sep 2008. Phillip Lee Stuart joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Joseph Fratesi	Vice-president/chief compliance officer	1 Sep 2008	25% - 50%	1373072
Jerry Lee Greene	Secretary	1 Sep 2008	25% - 50%	2232914
James Kevin Johnston	President	1 Sep 2008	25% - 50%	1689783
Phillip Lee Stuart	Chief compliance officer	1 Sep 2008	Other	4504867
Phillip Lee Stuart	Chief compliance officer	1 Nov 2009	Other	4504867

Based in Memphis

The principal office where Financial Resource Management, Inc. performs its advisory services is located at 775 Ridge Lake Blvd, Memphis, TN 38120, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.