Fidelity Federal Bank & Trust (West Palm Beach)


Fidelity Federal Bank & Trust is a large advisory firm based in West Palm Beach. It manages $107.61 million of regulatory assets for 107 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Florida.

Fidelity Federal Bank & Trust provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fidelity Federal Bank & Trust: assets under management

The assets under management (AUM) of Fidelity Federal Bank & Trust is $107.61 million. The firm's AUM has grown by 150% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $84.07 million in discretionary accounts and $23.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $849.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.94 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fidelity Federal Bank & Trust for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Fidelity Federal Bank & Trust

Joseph Baynard Shearsouse has been acting as President since 1 Jan 1987. William Harmen Sned joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Donald Eugene Warren Director 1 Jul 1979 Other 4655588
Joseph Baynard Shearsouse Director 1 Jan 1987 Other 4655580
Francis Theodore Brown Director 1 Jan 1990 Other 4655583
Vince Alfred Elhilow President, ceo & chairman 1 Jan 1992 Other 4655565
Keith Durand Beaty Director 1 Jan 1992 Other 4655586
Richard David Aldred Executive vice president & cfo 1 Dec 1994 Other 4655570
Robert Lee Fugate Executive vice president & operations manager 1 Dec 1994 Other 4655574
Joseph Carl Bova Executive vice president & loan operations manager 1 Dec 1994 Other 4655577
Christopher Hamilton Cook Executive vice president & corporate counsel 1 Jan 1996 Other 4655573
Karl Hamilton Watson Director 1 Jan 1999 Other 4655589
Paul Charles Bremer Director 1 Aug 2000 Other 4655591
Thomas Henry Macbain Vice president & chief compliance officer (trust division) 1 May 2004 Other 4805632
William Harmen Sned Director 1 Dec 2005 Other 5096784

Based in West Palm Beach

The principal office where Fidelity Federal Bank & Trust performs its advisory services is located at 218 Datura Street, West Palm Beach, FL 33401, 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 561-659-9965 or by fax 561-659-9909. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at www.fidelityfederal.com.