First Legacy Securities, LLC (Helena)

Name: First Legacy Securities, LLC
Address: 1109 Townhouse Road, Helena, AL, 30580
Telephone: 205-216-0060

First Legacy Securities, LLC is a large advisory firm based in Helena. It manages $44.98 million of regulatory assets for 253 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 24 other states.

First Legacy Securities provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Legacy Securities: assets under management

The assets under management (AUM) of First Legacy Securities, LLC is $44.98 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $32.8 million in discretionary accounts and $12.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $170.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $199.63 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Legacy Securities, LLC for their services and products based on a percentage of assets under management 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 Legacy Securities, LLC

Richard Dennis Thayer has been acting as President since 1 Apr 2009. Ronald Wayne Lankford joined the executive team most recently as the Chief Compliance Officer, Finop, President And Chairman.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Reliance Financial Corporation	10% managing member	1 Jun 2001	Other	58-2622147
Richard Dennis Thayer	Director	1 Apr 2009	Other	1517613
Ronald Wayne Lankford	Chief compliance officer, finop, president and chairman	1 Apr 2009	Other	1751588
Inc. First Legacy Investors	90% managing member	1 Apr 2009	75% - 100%	26-4170047
Henry Everette Jr Walker	Director	1 Apr 2009	Other	2823447
Thaddeus W Cook	Secretary	1 Apr 2009	Other	5192252

Based in Helena

The principal office where First Legacy Securities, LLC performs its advisory services is located at 1109 Townhouse Road, Helena, AL 30580, which is also the mailing address of the firm. An additional office of the firm is in Blairsville, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 205-216-0060 or by fax 205-216-0062. The normal business hours are 8:00am to 5:00pm (est) on Monday - Friday. You can find more information about the New York firm at www.relico.com.