First Security Capital, LLC

First Security Capital is a state-registered investment adviser that provides portfolio management and financial planning to a mix of clients including individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and small businesses. Although categorized with firms that primarily manage pooled or institutional assets, the firm’s brochure describes accepting individual clients and delivering ongoing portfolio management alongside written financial plans.

The firm’s investment approach emphasizes strategic asset allocation, using third-party research and portfolio software to build diversified mixes of equities, fixed income, no-load mutual funds, and ETFs, with a buy-and-hold posture and periodic rebalancing. Account reviews are performed at least quarterly (or semi-annually) and are increased in frequency when market conditions dictate — the brochure notes reviews may be triggered when overall markets fluctuate more than 10% in a single day — and services may be provided on either a discretionary or non-discretionary basis.

Distinctive features in the brochure include a relatively small asset base under management (approximately $450,000) and advisory personnel who also engage in insurance agency activities and real estate due diligence, with insurance commissions disclosed and generally offset against advisory fees when earned. The firm also offers hourly consulting as an option, provides regular written portfolio updates, accepts modest soft-dollar credits for portfolio software maintenance, and explicitly lists pension and profit-sharing plan clients — elements that are less common among peers in this investment-manager category.