# First City Capital Management Inc

> First City Capital Management Inc is an SEC-registered investment advisory firm in Savannah, GA, registered since 1979, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 104780
- Filed as: FIRST CITY CAPITAL MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Savannah, GA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104780
- AdvisorCensus page: https://advisorcensus.com/firm/first-city-capital-management-inc-savannah-ga-104780

## Quick answers

**How is First City Capital Management Inc compensated?**
On its Form ADV (Item 5.E, October 2026), First City Capital Management Inc reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is First City Capital Management Inc located?**
First City Capital Management Inc's principal office is in Savannah, GA, according to its Form ADV.

**Is First City Capital Management Inc registered with the SEC or a state?**
First City Capital Management Inc is an SEC-registered investment advisory firm, registered since 1979. Status as filed: Approved. CRD 104780.

**How much does First City Capital Management Inc manage?**
First City Capital Management Inc reports $423,719,596 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have First City Capital Management Inc's assets and staff changed since 2021?**
In the Form ADV data for First City Capital Management Inc: Regulatory assets under management: $359,872,414 in the October 2021 data and $423,719,596 in the October 2026 data, up 18%. Total employees: 8 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does First City Capital Management Inc serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (167); high net worth individuals (84).

**Which custodians does First City Capital Management Inc use?**
First City Capital Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does First City Capital Management Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104780

**What changed in First City Capital Management Inc's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 4. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $423,719,596
- Discretionary: $423,719,596
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 167 | $70,723,651 |
| High net worth individuals | 84 | $335,691,343 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | Fewer than 5 | $3,471,105 |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $13,833,497 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1979 (46 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, GA, NC, SC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fccm.us

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $359,872,414 | 8 | March 31, 2021 |
| October 2022 | $395,724,529 | 8 | March 31, 2022 |
| October 2023 | $369,359,590 | 8 | March 31, 2023 |
| October 2024 | $395,138,924 | 8 | March 28, 2024 |
| October 2025 | $411,343,565 | 8 | April 23, 2025 |
| October 2026 | $423,719,596 | 6 | March 31, 2026 |

Regulatory assets under management: $359,872,414 in the October 2021 data and $423,719,596 in the October 2026 data, up 18%.
Total employees: 8 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 4.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. First City Capital Management Inc (CRD 104780): Form ADV filing data as of October 2026.