First Georgetown Securities, Inc

First Georgetown Securities, Inc. is a FINRA registered broker-dealer established in 1975, offering fee-based investment advisory services since 2004. The firm, led by principal owner Robert T. Mann, manages individual and institutional accounts using growth, growth and income, and income strategies tailored to client needs. As of July 2023, the firm had approximately $72,409,000.00 assets under management, all under discretionary control. Clients are charged a management fee of ¾ of 1% per annum of total assets under management, debited quarterly based on the prior business day account value. Certain representatives receive commission-based compensation for securities transactions, with reduced commission rates to mitigate conflicts of interest. First Georgetown primarily uses fundamental and technical analysis in its investment strategies, with a focus on risk control through tactical allocation, diversification, and option hedging. The firm employs a variety of benchmarks and may recommend selling positions based on various factors. Clients are required to maintain a minimum account size of $250,000, which is negotiable under certain circumstances. The firm exercises investment discretion over client accounts, selecting brokers and commission rates without prior client approval, subject to agreed-upon guidelines. Clients receive monthly account statements and annual performance reports. First Georgetown does not compensate for client referrals and does not maintain custody of client funds or securities. The firm's investment adviser representatives adhere to a Code of Ethics and are supervised by the company's board of directors.