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


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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. 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.

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