First Midwest Securities, Inc. (Bloomington)


First Midwest Securities, Inc. is a large advisory firm based in Bloomington. It manages $169.36 million of regulatory assets for 498 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alaska, Arizona, Arkansas, and 38 other states.

First Midwest Securities provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

First Midwest Securities: assets under management

The assets under management (AUM) of First Midwest Securities, Inc. is $169.36 million. The firm's AUM has grown by 388% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.38 million in discretionary accounts and $60.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $258.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $781.84 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Midwest Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at First Midwest Securities, Inc.

Terry Lynn Buffalo has been acting as President since 1 Jun 2002. Gordon Scott Crosson joined the executive team most recently as the Ria Cco/Aml Co.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. The Investment Co. Holding corp. 1 Nov 1989 75% - 100% 39-1654839
Jennifer Anne Pratt Chief compliance officer 1 Jan 2002 Other 4412365
Terry Lynn Buffalo President 1 Jun 2002 Other 1878363
Jennifer Marie Birch Evp operations/srop/crop 1 Jan 2006 Other 4798201
Joshua Brian Noel Municipal principal 1 Sep 2006 Other 2750866
Jennifer Anne Pratt Chief operating officer 1 Mar 2008 Other 4412365
Patricia Elaine Cox Chief compliance officer 1 Mar 2008 Other 2392817
Kelly Sutton Operations principal/srop/crop 1 Apr 2008 Other 2033974
Terry Lynn Buffalo President/ceo 1 May 2008 Other 1878363
Mary Ann Pelo Finop 1 Aug 2009 Other 5327905
Terry Lynn Buffalo Chief executive officer 1 Dec 2009 Other 1878363
James Eric Hagler President 1 Dec 2009 Other 1686981
Renee Elaine Emrick Chief compliance officer, general counsel 1 Dec 2009 Other 2686571
Joshua Brian Noel Aml co/ria co 1 Feb 2010 Other 2750866
Renee Elaine Emrick General counsel/evp 1 Feb 2010 Other 2686571
Kimberly B Sparks Chief compliance officer 1 Feb 2010 Other 2748868
Woodrow Wilson Iii Littlefield Municipal principal 1 Feb 2010 Other 1774066
Amy Marie Grinstead Aml compliance officer 1 Sep 2010 Other 5402865
Kristy Kay Johnson Finop 1 Nov 2010 Other 4470948
Marion A Kashan Ria chief compliance officer 1 Apr 2011 Other 2482779
Kendra Anne Gray Municipal principal 1 Apr 2011 Other 4388082
James Michael Sr Tuohey Aml co 1 Jul 2011 Other 1828227
Kelly Sutton Operations principal/rop/vp 1 Jan 2012 Other 2033974
Kimberly B Sparks Chief compliance officer/vp 1 Jan 2012 Other 2748868
Marion A Kashan Ria cco/sr.vp/director of compliance 1 Jan 2012 Other 2482779
Kendra Anne Gray Municipal principal/deputy cco 1 Jan 2012 Other 4388082
James Michael Sr Tuohey Aml co/cfo/finop/svp/coo 1 Jan 2012 Other 1828227
Justin Karl Bolmgren Vp 1 Jan 2012 Other 4673059
Joshua Brian Noel Vp 1 Jan 2012 Other 2750866
Marion A Kashan Ria cco/sr.vp/director of compliance/cco 1 Jul 2012 Other 2482779
Elizabeth Marie Tractenberg Finop 1 Sep 2012 Other 4577334
Michael Shane Shanahan Aml co 1 Sep 2012 Other 3083089
Jason Asbury Rives Ria deputy chief compliance officer 1 Jan 2013 Other 5157829
Robert David Hougas Rosfp 1 Mar 2013 Other 2767878
Marion A Kashan Ria cco/sr.vp/director of compliance/board of directors 1 Sep 2013 Other 2482779
Kendra Anne Gray Municipal principal/chief compliance officer 1 Sep 2013 Other 4388082
James Eric Hagler Chief legal officer 1 Jan 2014 Other 1686981
Kelly Sutton Operations principal/vp/coo/rosfp-options manager/cco 1 Mar 2014 Other 2033974
Jason Asbury Rives Ria deputy chief compliance officer/margin manager 1 Mar 2014 Other 5157829
Gordon Scott Crosson Ria cco/aml co 1 Jan 2015 Other 1068512

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Linna Chairman/ceo 01252013 1 Nov 1989 25% - 50% 733321
David John Nevinski Board member/treasurer 1 Nov 1989 Other 1386883
William Howard Cantrell Secretary 1 Nov 1989 Other 845048
Joshua Brian Noel Shareholder 1 Jan 2011 Other 2750866
Kelly Sutton Shareholder/board member-director 011613/rosfp-options manager 20140321 1 Jan 2011 Other 2033974
Terry Lynn Buffalo Shareholder 1 Jan 2011 25% - 50% 1878363
James Eric Hagler President 1 Jan 2011 Other 1686981
Renee Elaine Emrick General counsel/evp 1 Jan 2011 Other 2686571
William Howard Cantrell Shareholder 1 Jan 2012 Other 845048
Marion A Kashan Shareholder 1 Jun 2013 Other 2482779
Kendra Anne Gray Shareholder 1 Jun 2013 Other 4388082
James Eric Hagler Chief legal officer 1 Sep 2014 Other 1686981

Based in Bloomington

The principal office where First Midwest Securities, Inc. performs its advisory services is located at 207 W. Jefferson Street, Bloomington, IL 61701 3969, which is also the mailing address of the firm. An additional office of the firm is in Newport Beach, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 309.820.7444 or by fax 309.820.7452. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at firstmidwestsecurities.com.