First Midwest Securities, Inc. (Bloomington)

First Midwest Securities provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Midwest Securities: assets under management

The assets under management (AUM) of First Midwest Securities, Inc. is $169.36 million. The firm's AUM has grown by 388% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.38 million in discretionary accounts and $60.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $258.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $781.84 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Midwest Securities, Inc. 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 Midwest Securities, Inc.

Terry Lynn Buffalo has been acting as President since 1 Jun 2002. Gordon Scott Crosson joined the executive team most recently as the Ria Cco/Aml Co.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 12 indirect owners.

Based in Bloomington

The principal office where First Midwest Securities, Inc. performs its advisory services is located at 207 W. Jefferson Street, Bloomington, IL 61701 3969, which is also the mailing address of the firm. An additional office of the firm is in Newport Beach, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 309.820.7444 or by fax 309.820.7452. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at firstmidwestsecurities.com.

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