First Union Securities, Inc. (Charlotte)

Name: First Union Securities, Inc.
Address: 301 S College St Tw 8, Charlotte, NC, 28288
Telephone: 804-344-6256

First Union Securities, Inc. is a large advisory firm based in Charlotte. It manages $14.36 billion of regulatory assets for 71,632 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

First Union Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and security ratings or pricing 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 Union Securities: assets under management

The assets under management (AUM) of First Union Securities, Inc. is $14.36 billion. The firm's AUM has grown by 212% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.77 billion in discretionary accounts and $5.59 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $210.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $186.82 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Union Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, fixed fees, and commissions. 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 Union Securities, Inc.

Scott Louis Ilario has been acting as President since 1 Jan 2000. George Anthony Simonetti joined the executive team most recently as the Coo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Everen Securities Holding Inc	Parent	1 Oct 1999	75% - 100%	65-0108747
Gary James Dedilectis	Coo	1 Oct 1999	Other	1664764
Alan Lee Maxwell	Cfo	1 Oct 1999	Other	1142248
Stephen Emery Cummings	Director	1 Oct 1999	Other	1249950
William Barnes Hauptfuhrer	Director	1 Oct 1999	Other	3197862
Steven Werner Kohlhagen	Director	1 Oct 1999	Other	1618116
Daniel James Ludeman	Director	1 Oct 1999	Other	874126
Brian Everett Simpson	Director	1 Oct 1999	Other	1767456
Scott Louis Ilario	President/dir of cap mkt compliance	1 Jan 2000	Other	2086073
John Tally Iii Johnston	Director	1 Jul 2000	Other	1696322
Robert Thomas Mooney	Director of retail compliance	1 Oct 2000	Other	2312160
William Lee Jr Short	Srop/crop	1 Oct 2000	Other	876592
Ramesh Krishnan Nayar	Coo	1 Nov 2000	Other	3060068
George Anthony Simonetti	Coo	1 Mar 2001	Other	2199764

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Everen Capital Corp	Stockholder	1 Oct 1999	75% - 100%	36-4019175
First Union Corporation	Stockholder	1 Oct 1999	75% - 100%	54-0898180
Wachovia Corporation	Stockholder	1 Oct 1999	75% - 100%	54-0898180

Based in Charlotte

The principal office where First Union Securities, Inc. performs its advisory services is located at 301 S College St Tw 8, Charlotte, NC 28288 The mailing address of the firm is P. O. Box 1357, Richmond, VA 23218 1357. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-344-6256 or by fax 804-344-6498. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.firstunionsec.com.