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Dupree Financial Group, LLC

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Client assets under management

$404,368,661

Clients

825

14% high-net worth

Advisors

7

of 7 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

118

Very High

Average account size

$490,144

About

Dupree Financial Group primarily serves individual and high-net-worth clients approaching or in retirement, offering portfolio management and asset management services tailored to retirement accounts. The firm provides ongoing discretionary investment management for client accounts and also advises retirement-plan participants, including arrangements for participants in an institutional retirement plan at a major public university.

The firm follows a modified value-based investment approach that blends long-term equity holdings (with attention to dividend-growth characteristics) and fixed-income exposure, supplemented by index and sector ETFs and bottom-up security analysis. Investment policy statements and asset-allocation parameters are established for each client, and portfolios are monitored and rebalanced with a long-term orientation.

Noteworthy features include managing roughly $404 million on a fully discretionary basis and an explicit focus on retirement-plan participants for whom the firm negotiates terms and, in some cases, waives account minimums. The firm also discloses a past SEC administrative order (2016) resulting in a censure and a civil penalty related to compliance-review deficiencies, and its adviser roster includes several recent hires and junior staff with varied outside activities.

Client services

Portfolio management

Expertise

General retirement planning Wealth management Passive / index investing Active portfolio management

Fee options

Percentage

$0 - $499,999.99: 1.25% $500,000 - $999,999.99: 0.90% $1,000,000 - $1,999,999.99: 0.75% $2,000,000 - $2,999,999.99: 0.60% $3,000,000+: 0.50%

Other

Account minimum: $25,000

Main office location

Dupree Financial Group, LLC

237 East Main Street

Lexington KY 40507, United States

Number of offices

1

Most active in

Arizona · Colorado · Florida · Indiana · Kentucky · Louisiana · Michigan · Ohio · South Carolina · Tennessee · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Michael D

Series 65

Lexington, KY

Dupree Financial Group, LLC

Michael Dawahare is a financial advisor at Dupree Financial Group, LLC with two years of industry experience. He holds a Series 65 designation and previously worked as a senior consultant from 2014 to 2024. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach that includes original research, bottom-up security analysis, and allocations to ETFs, with a focus on dividend-paying stocks and long-term holdings tailored to each client’s risk tolerance and cash-flow needs.

General retirement planning Wealth management Passive / index investing Active portfolio management
user avatar

Thomas D

Series 63, Series 65

Lexington, KY

Dupree Financial Group, LLC

Thomas Dupree is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, with 17 years of industry experience. He holds Series 63 and Series 65 designations and has been with Dupree Financial Group since 2003. Outside of advisory work, he is a partner in Dupree Energy Resources, LLC, a company involved in selling electricity produced by GridFox 1020 systems. Dupree Financial Group is a five-advisor SEC-registered firm managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach focused on dividend-paying stocks, ETFs, and tailored asset allocations, with ongoing monitoring and annual reviews of client portfolios.

General retirement planning Wealth management Passive / index investing Active portfolio management
user avatar

Thomas D

Series 65

Phoenix, AZ

Dupree Financial Group, LLC

Thomas Dupree is a financial advisor at Dupree Financial Group, LLC in Phoenix, AZ, holding a Series 65 credential with five years of industry experience. His prior work includes roles with the Arizona Coyotes and Indianapolis Colts, as well as time at Strategy Financial Group. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm uses a modified value-based investment approach focused on dividend-paying stocks and ETFs, providing discretionary portfolio management tailored to each client’s risk tolerance and cash-flow needs.

General retirement planning Wealth management Passive / index investing Active portfolio management
user avatar

Micheal J

Series 66

Lexington, KY

Dupree Financial Group, LLC

Micheal Johnson is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, with 19 years of industry experience. He holds a Series 66 designation and has been associated with Raymond James Financial Services Advisors, Inc. since 2006. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach that emphasizes dividend-paying stocks, long-term holdings, and tailored asset allocations based on client risk tolerance and cash-flow needs.

General retirement planning Wealth management Passive / index investing Active portfolio management
user avatar

James D

Series 65

Lexington, KY

Dupree Financial Group, LLC

James Dupree is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, holding a Series 65 designation with one year of industry experience. He has been with Dupree Financial Group since 2024 and has an academic background as a student dating back to 2014. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees or those planning for retirement. The firm employs a modified value-based investment approach focused on dividend-paying stocks and long-term holdings, providing discretionary portfolio and asset management tailored to clients’ risk tolerance and cash-flow needs.

General retirement planning Wealth management Passive / index investing Active portfolio management
user avatar

David K

Series 65

Lexington, KY

Dupree Financial Group, LLC

David Kemp is an investment advisor with Dupree Financial Group, LLC in Lexington, KY. He holds a Series 65 designation and has been with Dupree Financial Group since 2025. Prior to his current role, Mr. Kemp worked at iHeart Media and was self-employed. He was previously a 50% owner of a retail candle business, SoYum Candle Company, LLC, which closed in 2025. Dupree Financial Group is a five-advisor firm managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach focused on dividend-paying stocks and ETFs, with tailored strategies aligned to each client’s risk tolerance and financial goals.

General retirement planning Wealth management Passive / index investing Active portfolio management
user avatar

Denise R

Series 65

Lexington, KY

Dupree Financial Group, LLC

Denise Rodriguez is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, holding a Series 65 designation with two years of industry experience. Her prior work includes seven years at Peoples Exchange Bank and experience in the restaurant industry. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for around 756 clients, primarily individuals and high-net-worth retirees. The firm uses a modified value-based investment approach focused on dividend-paying stocks and ETFs, offering discretionary portfolio management tailored to each client’s risk tolerance and cash-flow needs.

General retirement planning Wealth management Passive / index investing Active portfolio management
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