First Southeast Fiduciary & Trust Services, Inc. (Charleston)

Name: First Southeast Fiduciary & Trust Services, Inc.
Address: 34 Broad Street, Charleston, SC, 29401
Telephone: 843-724-0801

First Southeast Fiduciary & Trust Services, Inc. is a large advisory firm based in Charleston. It manages $100.7 million of regulatory assets for 206 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of South Carolina.

First Southeast Fiduciary & Trust Services provides portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Southeast Fiduciary & Trust Services: assets under management

The assets under management (AUM) of First Southeast Fiduciary & Trust Services, Inc. is $100.7 million. The firm's AUM has grown by 56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $72.63 million in discretionary accounts and $28.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $388.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.48 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Southeast Fiduciary & Trust Services, 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 Southeast Fiduciary & Trust Services, Inc.

Stephen D. Bowen has been acting as President since 1 Aug 1998. Paula Harper Bethea joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
A L Hutchinson	Chairman & director	1 Aug 1998	Other	3203643
Stephen D. Bowen	President	1 Aug 1998	Other	4615515
Mark G. Endres	Chief financial officer	1 Aug 1998	Other	2998235
First Federal Savings And Loan Association Of Charleston	Sole shareholder	1 Aug 1998	75% - 100%	57-0138985
Paula Harper Bethea	Director	1 Dec 1999	Other	3075379
James C. Murray	Director	1 Dec 1999	Other	3075375
Richard W. Salmons	Director	1 Feb 2002	Other	4622280
Gary Clark Banks	Director	1 Feb 2003	Other	4185367
Michael A. Hilton	Director	1 Feb 2003	Other	4750620
A Thomas Hood	Director	1 Feb 2003	Other	3075371
Hugh L. Willcox	Director	1 Feb 2003	Other	4750627
Paula Harper Bethea	Director	1 Feb 2005	Other	3075379
James C. Murray	Director	1 Feb 2005	Other	3075375
Richard W. Salmons	Director	1 Feb 2005	Other	4622280
B. Ed Shelley	Director	1 Feb 2005	Other	5072238

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. First Financial Holdings	Sole shareholder	1 Jun 1988	75% - 100%	57-0866076

Based in Charleston

The principal office where First Southeast Fiduciary & Trust Services, Inc. performs its advisory services is located at 34 Broad Street, Charleston, SC 29401, which is also the mailing address of the firm. An additional office of the firm is in Bluffton, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 843-724-0801 or by fax 843-724-0804. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.firstsetrust.com.