City Securities Corporation (Indianapolis)

Name: City Securities Corporation
Address: 30 South Meridian Street, Indianapolis, IN, 46204 3573
Telephone: 317-634-4400

City Securities Corporation is a large advisory firm based in Indianapolis. It manages $949.08 million of regulatory assets for 3,442 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 35 other states.

City Securities Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment supervisory services in coordination with independent portfolio managers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

City Securities Corporation: assets under management

The assets under management (AUM) of City Securities Corporation is $949.08 million. The firm's AUM has grown by 790% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $243.62 million in discretionary accounts and $705.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $261.57 thousand.

City Securities Corporation has custody of $892.92 million in cash and securities for 3,374 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay City Securities Corporation 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 City Securities Corporation

John Wesley Biddinger has been acting as President since 1 Mar 1970. Stifel Financial Corp joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Dwight Peterson	Director/chairman of the board	1 Aug 1955	Other	361449
John Wesley Biddinger	Director	1 Mar 1970	Other	21079
James Allen Merten	Director/vice chairman of the board	1 Jan 1973	Other	332528
James Allen Merten	Director/vice chairman of the board	1 Apr 1973	Other	332528
Donald Carroll Danielson	Director/vice chairman of the board	1 Sep 1976	Other	1482016
Michael Edward Bosway	Director/president/chief executive officer	1 Jan 1998	Other	1058290
Robert Mark Lubbers	Director	1 Nov 1998	Other	xxx-xx-xxxx
R Mark Lubbers	Director	1 Nov 1998	Other	xxx-xx-xxxx
Jennifer Marie Haas	Svp/chief compliance officer	1 Jun 1999	Other	1728171
William Seelye Oesterle	Director	1 May 2001	Other	2263418
Richard Charles Boyles	Evp/cfo finop/coo/cco	1 Nov 2001	Other	2210763
Kevin Wesley Schmidt	Evp/private client group	1 Nov 2001	Other	849772
Michael Howard White	Evp/insurance	1 Jan 2002	Other	xxx-xx-xxxx
Robert V Welch	Evp/corporate finance	1 Jan 2002	Other	4191143
Jeffrey Allen Whiting	Evp/real estate	1 Jan 2002	Other	1439784
Robert Vincent Welch	Evp/corporate finance	1 Jan 2002	Other	4191143
City Financial Corporation	Holding company	1 Jun 2006	75% - 100%	20-4794360
Mike Blaise Geraty	Evp/institutional sales	1 Jun 2006	Other	1473160
Michael Blaise Geraty	Evp/institutional sales	1 Jun 2006	Other	1473160
Mark David Quinlan	Evp/recasa	1 Jul 2006	Other	xxx-xx-xxxx
Richard Charles Rudek	Evp/recasa	1 Jul 2006	Other	xxx-xx-xxxx
Randy Gene Ruhl	Evp/public finance	1 Jan 2007	Other	1864539
John J. Iii Dillon	Evp/insurance	1 Oct 2008	Other	xxx-xx-xxxx
Mark David Miles	Director	1 Nov 2008	Other	5623361
Robert Vincent Welch	Evp/corporate finance	1 Jun 2011	Other	4191143
Linda Marie Matkowski	Evp/fixed income capital markets	1 May 2012	Other	3265618
Raymond Anthony Digaetano	Evp/private client services	1 Jan 2013	Other	1319252
Brian Lee Baker	Evp/corporate finance	1 Oct 2013	Other	4781139
Andy John Armstrong	Srvp/cco	1 Apr 2016	Other	4448534
Llc City Securities	Holding company	1 Jan 2017	75% - 100%	pending

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Stifel Financial Corp	Shareholder	1 Jan 2017	75% - 100%	43-1273600

Based in Indianapolis

The principal office where City Securities Corporation performs its advisory services is located at 30 South Meridian Street, Indianapolis, IN 46204 3573, which is also the mailing address of the firm. An additional office of the firm is in South Bend, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-634-4400 or by fax 317-955-2539. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at citysecurities.com.