Financial Security Management, Inc (Lakewood)

Name: Financial Security Management, Inc
Address: 2535 S Lewis Way, Lakewood, CO, 80227 6551
Telephone: 303-988-1411

Financial Security Management, Inc is a large advisory firm based in Lakewood. It manages $193.75 million of regulatory assets for 1,642 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Financial Security Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as tax planning and book-keeping.

Financial Security Management: assets under management

The assets under management (AUM) of Financial Security Management, Inc is $193.75 million. The firm's AUM has grown by 93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $193.54 million in discretionary accounts and $210.77 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $118.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $52.69 thousand.

Financial Security Management has custody of $50.41 million in cash and securities for 357 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Security Management, Inc for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jeffrey Scott Larkin serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jeffrey Scott Larkin is individuals with 720 clients and $98.94 million of assets under management. Among the 10 most similar advisory firms, Financial Security Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $193.75 million for 795 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Financial Security Management doesn't advise any private funds.

Careers at Financial Security Management, Inc

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jeffrey Scott Larkin has been acting as President since 1 Jan 2012. Roy Daniel Gibson joined the executive team most recently as the Vice President/Secretary/Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Steven Torrison	Ceo	1 Oct 1995	25% - 50%	1695663
Jeffrey Scott Larkin	President/treasurer	1 Jan 2012	25% - 50%	2425890
Roy Daniel Gibson	Vice president/secretary/cco	1 Jan 2012	25% - 50%	2455517
Jeffrey Steven Torrison	Shareholder	1 Jan 2012	25% - 50%	1695663

Based in Lakewood

The principal office where Financial Security Management, Inc performs its advisory services is located at 2535 S Lewis Way, Lakewood, CO 80227 6551, 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 303-988-1411 or by fax 303-988-1447. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at fsm-inc.com.