Dupree Financial Group provides portfolio management for individuals and small businesses and selecting other managers.
Dupree Financial Group reports 825 clients. They include 711 individual clients and 114 high-net-worth individuals. Of its assets, 100.0% ($404M across 1,655 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 86% | 44% |
| High-net-worth individuals | 14% | 56% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 711 | $180M | 44.5% | $253K |
| High-net-worth individuals | 114 | $224M | 55.5% | $1.97M |
| Total | 825 | $404M | 100% | $490K |
- Clients
- 711
- Regulatory AUM
- $180M
- AUM share
- 44.5%
- Avg. per client
- $253K
- Clients
- 114
- Regulatory AUM
- $224M
- AUM share
- 55.5%
- Avg. per client
- $1.97M
Total
- Clients
- 825
- Regulatory AUM
- $404M
- AUM share
- 100%
- Avg. per client
- $490K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Dupree Financial Group charges 0.50%–1.25% a year for its Portfolio Management Services. The fee is billed in advance, is not negotiable and requires an account of at least $25,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Asset Management Advice
- Asset management advice is an annualized 0.75% of account value up to $1,000,000 and 0.50% above $1,000,000.
Thomas Dupree owns 75% or more of Dupree Financial Group. The leadership team of Dupree Financial Group includes Chief Compliance Officer David Kemp. It has 7 employees, 6 of them in advisory roles.
Staff
- 7 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 75% or more of Dupree Financial Group, LLC
Thomas Dupree
Control person · since August 2003
Dupree Financial Group’s regulatory assets grew 1.5× from $269M (March 2021) to $404M (August 2026); clients fell from 965 to 825 and employees rose from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $404M | 825 | 7 | 1 |
| Mar 2025March 2025 | $330M | 756 | 6 | 1 |
| Mar 2024March 2024 | $283M | 752 | 5 | 1 |
| Apr 2023April 2023 | $269M | 697 | 5 | 1 |
| Mar 2022March 2022 | $291M | 684 | 6 | 1 |
| Mar 2021March 2021 | $269M | 965 | 6 | 1 |
Besides its headquarters, Dupree Financial Group has 0 offices, with 1 listed address in 1 state.
Kentucky · 1 listed address
- 237 East Main Street, LexingtonHQ
Contact and registration details
- Legal name
- Dupree Financial Group, LLC
- Headquarters
- 237 East Main Street, Lexington, KY 40507
- Website
- dupreefinancial.com
- Phone
- 859-233-0400
- @dupreefinancial
- SEC file
- 801-71497
- Structure
- Kentucky LLC
- Fiscal year end
- December
Dupree Financial Group’s named custodians for separately managed accounts are Fidelity ($379M, 94%), Fidelity ($18.4M, 5%) and Charles Schwab ($6.95M, 2%). Dupree Financial Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · West Lake, TX · $6.95M2%
- FidelityNational Financial Services LLC · Boston, MA · $379M94%
- FidelityFidelity Management Trust Company · Boston, MA · $18.4M5%
At year end, Dupree Financial Group’s separately managed accounts were mostly in stocks (76%) and bonds (16%). Its reported 13F holdings for the quarter ended 30 June 2026 total $267M across 81 positions; the largest are Agnc Invt Corp. (5.8%), Enbridge Inc. (5.2%) and Macys Inc. (4.8%).
What the accounts hold
- Stocks76%
- Bonds16%
- Cash10%
How many clients does Dupree Financial Group have?
Dupree Financial Group has 825 clients and manages $404 million for them, as of August 2026. They include 711 individual clients and 114 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 August 2026
What services does Dupree Financial Group offer?
Dupree Financial Group provides portfolio management for individuals and small businesses and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Dupree Financial Group charge?
Dupree Financial Group charges 0.50%–1.25% a year for its Portfolio Management Services. The fee is billed in advance, is not negotiable and requires an account of at least $25,000.
Source: DUPREE FINANCIAL GROUP | ADV PART 2 | AMENDED, filed 24 August 2026
Which custodians does Dupree Financial Group use?
Dupree Financial Group’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $379M, Fidelity Management Trust Company (Boston, MA), with $18.4M and Charles Schwab & Co., Inc. (West Lake, TX), with $6.95M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 August 2026
How many financial advisors does Dupree Financial Group have?
Dupree Financial Group has 6 investment adviser representatives registered with state securities authorities, out of 7 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Dupree Financial Group invest in?
At the end of its last fiscal year, Dupree Financial Group’s separately managed accounts held 76% exchange-traded equities, 16% U.S. government and agency bonds and 10% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Dupree Financial Group have a minimum investment?
Yes, Dupree Financial Group’s minimum account size for its Portfolio Management Services is $25K.
Source: DUPREE FINANCIAL GROUP | ADV PART 2 | AMENDED, filed 24 August 2026
Who owns Dupree Financial Group?
Dupree Financial Group’s direct owner is Thomas Dupree (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 August 2026
How does Dupree Financial Group get paid?
Dupree Financial Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Dupree Financial Group?
Dupree Financial Group’s main office is at 237 East Main Street, Lexington, KY 40507. Its phone number is 859-233-0400. Its website is dupreefinancial.com.