First City Capital Management provides portfolio management for individuals and small businesses and selecting other managers.
First City Capital Management reports 251 clients. They include 167 individual clients and 84 high-net-worth individuals. Of its assets, 100.0% ($424M across 515 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 17% |
| High-net-worth individuals | 33% | 79% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 3% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 167 | $70.7M | 16.7% | $423K |
| High-net-worth individuals | 84 | $336M | 79.2% | $4M |
| Charitable organizations | Fewer than 5 | $3.47M | 0.8% | — |
| Corporations and other businesses | Fewer than 5 | $13.8M | 3.3% | — |
| Total | 251 | $424M | 100% | — |
- Clients
- 167
- Regulatory AUM
- $70.7M
- AUM share
- 16.7%
- Avg. per client
- $423K
- Clients
- 84
- Regulatory AUM
- $336M
- AUM share
- 79.2%
- Avg. per client
- $4M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.47M
- AUM share
- 0.8%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $13.8M
- AUM share
- 3.3%
- Avg. per client
- —
Total
- Clients
- 251
- Regulatory AUM
- $424M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
First City Capital Management charges 0.50%–1.00% a year for its Investment management fee. Each asset band is charged at its own rate. The fee is billed in arrears.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$2M | 0.90% |
| $2M–$3M | 0.80% |
| $3M–$4M | 0.70% |
| $4M–$5M | 0.60% |
| $5M and above | 0.50% |
Fee details and sources
Edmund Curlee owns 75% or more of First City Capital Management. The leadership team of First City Capital Management includes President Edmund Curlee and Chief Compliance Officer Ann-Marie Sarabia. It has 6 employees, 4 of them in advisory roles.
Leadership
Edmund CurleePresident & CIO- Ann-Marie SarabiaChief Compliance Officer
- Edgar GayChairman Emeritus
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 75% or more of First City Capital Management Inc
Edmund Curlee
Control person · since September 1992
First City Capital Management’s regulatory assets grew from $360M (March 2021) to $424M (March 2026); clients rose from 237 to 251 and employees fell from 8 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $424M | 251 | 6 | 1 |
| April 2025 | $411M | 251 | 8 | 1 |
| March 2024 | $395M | 249 | 8 | 1 |
| March 2023 | $369M | 239 | 8 | 1 |
| March 2022 | $396M | 245 | 8 | 1 |
| March 2021 | $360M | 237 | 8 | 1 |
Besides its headquarters, First City Capital Management has 0 offices, with 1 listed address in Georgia.
Georgia · 1 listed address
- 136 Habersham St, SavannahHQ
Contact and registration details
- Legal name
- First City Capital Management Inc
- Headquarters
- 136 Habersham St, Savannah, GA 31401
- Website
- fccm.us
- Phone
- 912-233-5492
- SEC file
- 801-14853
- Founded
- 1979
- Structure
- Georgia corporation
- Fiscal year end
- December
First City Capital Management uses Charles Schwab ($416M) as custodian for its separately managed accounts. First City Capital Management has custody of $56.7M in client assets for 93 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $416M100%
At year end, First City Capital Management’s separately managed accounts were largely in stocks (37%) and cash (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $206M across 164 positions; the largest are State Str SPDR S&P 500 ETF T (4.6%), Vanguard Index Fds (4.6%) and Unified Ser TR (3.7%).
What the accounts hold
- Stocks37%
- Funds20%
- Bonds20%
- U.S. government and agency bonds12%
- State and local bonds6%
- Investment grade corporate bonds2%
- Cash23%
Reported 13F holdings
- $206M
- Reported 13F value
- 164
- Positions
- 34.1%
- In the 10 largest
- +8.9%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit4.6%
- Vanguard Index Fds · S&P 500 ETF Shs4.6%
- Unified Ser TR · Ballast Smlmd CP3.7%
- Eli Lilly & CO3.6%
- Microsoft Corp.3.5%
- Nvidia Corporation3.3%
- Abbvie Inc.3.0%
- Exxon Mobil Corp.2.9%
- Berkshire Hathaway Inc. Del · CL B New2.4%
- JPMORGAN Chase & CO2.4%
Together, the ten largest are 34.1% of reported value.
How many clients does First City Capital Management have?
First City Capital Management has 251 clients and manages $424 million for them, as of March 2026. They include 167 individual clients and 84 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does First City Capital Management offer?
First City Capital Management 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 First City Capital Management charge?
First City Capital Management charges 0.50%–1.00% a year for its Investment management fee. Each asset band is charged at its own rate. The fee is billed in arrears.
Which custodians does First City Capital Management use?
First City Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $416M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does First City Capital Management have?
First City Capital Management has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 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 First City Capital Management invest in?
At the end of its last fiscal year, First City Capital Management’s separately managed accounts held 37% exchange-traded equities, 23% cash and equivalents, 20% registered funds (mutual funds, ETFs, BDCs), 12% U.S. government and agency bonds, 6% state and local bonds and 2% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns First City Capital Management?
First City Capital Management’s direct owner is Edmund Curlee (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does First City Capital Management get paid?
First City Capital Management is paid through a percentage of assets under management and fixed fees. 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
Is First City Capital Management registered with the SEC?
Yes, First City Capital Management has been registered with the SEC as an investment adviser since 11 October 1979. Its CRD number is 104780 and its SEC file number is 801-14853.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact First City Capital Management?
First City Capital Management’s main office is at 136 Habersham St, Savannah, GA 31401. Its phone number is 912-233-5492. Its website is fccm.us.