Nbc Securities, Inc. (Birmingham)

Name: Nbc Securities, Inc.
Address: 1927 First Avenue North, Birmingham, AL, 35203
Telephone: 800-521-9390

Nbc Securities, Inc. is a large advisory firm based in Birmingham. It manages $1.26 billion of regulatory assets for 4,613 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Nbc Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nbc Securities: assets under management

The assets under management (AUM) of Nbc Securities, Inc. is $1.26 billion. The firm's AUM has grown by 737% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $308.74 million in discretionary accounts and $954.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $205.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $307.03 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is other assets, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nbc Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

What kind of clients Victor Eugene Jr Nichol serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Victor Eugene Jr Nichol is individuals with 3,703 clients and $968.3 million of assets under management. Among the 9 most similar advisory firms, Nbc Securities has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.26 billion for 4,453 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.

Nbc Securities doesn't advise any private funds.

Careers at Nbc Securities, Inc.

The company employs 80 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 50 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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.

Victor Eugene Jr Nichol has been acting as President since 1 Oct 1994. Doug James Elder joined the executive team most recently as the Svp Sales Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
National Bank Of Commerce	Shareholder	1 Mar 1986	75% - 100%	63-0503302
First American Bank	Shareholder	1 Mar 1986	75% - 100%	63-0812856
John Hudson Iii Holcomb	Director	1 Jun 1993	Other	2370471
Victor Eugene Jr Nichol	Director	1 Oct 1994	Other	1994776
Bradford Lee Phelan	President and ceo	1 Aug 1995	Other	1733368
Pamela Kohser Conway	Vice president	1 Aug 1995	Other	xxx-xx-xxxx
William Elliott Matthews	Director	1 May 1998	Other	1382763
Steven Richard Kahn	Senior vice president -operations	1 Jun 2000	Other	2442215
Cynthia Denise Elmore	Assistant vice president & compliance officer	1 Sep 2000	Other	xxx-xx-xxxx
Cynthia Denise Morrison	Assistant vice president & director of compliance	1 Sep 2000	Other	3003956
Jeffery Scott Wilkins	Vice president, chief compliance officer	1 Jun 2004	Other	3154639
Rbc Bank (Usa)	Shareholder	1 Feb 2007	75% - 100%	63-0812856
L.P. Nbcs Holdings	Shareholder	1 Jun 2010	75% - 100%	27-2570726
Frank Benner Falkenburg	Managing director	1 Jun 2010	Other	204097
Doug James Elder	Svp - sales manager	1 Jul 2010	Other	2358111

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Ransom Mcwane	Indirect shareholder	1 Mar 1986	75% - 100%	1495025
Alabama National Bancorp	Indirect shareholder	1 Jan 1996	75% - 100%	63-0802824
Royal Bank Of Canada	Indirect shareholder	1 Feb 2008	75% - 100%	13-5357855
Inc. Rbc Centura Banks	Indirect owner	1 Feb 2008	75% - 100%	56-1688552
Bradford Lee Phelan	General/limited partner	1 Jun 2010	25% - 50%	1733368

Based in Birmingham

The principal office where Nbc Securities, Inc. performs its advisory services is located at 1927 First Avenue North, Birmingham, AL 35203, 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 800-521-9390 or by fax 205-521-9399. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at nbcsecurities.com/.