Description of Services and Fees
FIRST Financial Group Corporation is a registered investment adviser based in Raleigh, North
Carolina. We are organized as a corporation under the laws of the state of North Carolina. We have
been providing investment advisory services since 2012. Tommy G. Lewis, II is the principal owner.
Currently, we offer the following investment advisory services, which are personalized to each
individual client:
• Portfolio Management Services
• Portfolio Consulting Services
• Financial Planning Services
The following paragraphs describe our services and fees. Please refer to the description of each
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs. As used in this brochure, the words "we", "our" and "us" refer to FIRST Financial
Group Corporation and the words "you", "your" and "client" refer to you as either a client or prospective
client of our firm.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services. Our investment advice is
tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio
management services, we will meet with you to determine your investment objectives, risk tolerance,
and other relevant information at the beginning of our advisory relationship. We will use the information
we gather to develop a strategy that enables our firm to give you continuous and focused investment
advice and/or to make investments on your behalf. As part of our portfolio management services,
we will customize an investment portfolio for you according to your risk tolerance and investing
objectives. We may also invest your assets using a predefined strategy, or we may invest your assets
according to one or more model portfolios developed by our firm. Once we construct an investment
portfolio for you, or select a model portfolio, we will monitor your portfolio's performance on a regular
basis, and will rebalance the portfolio as required by changes in market conditions and in your financial
circumstances.
If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow us to determine
the specific securities, and the number of securities, to be purchased or sold for your account without
your approval prior to each transaction. This discretionary authority will also provide our firm with
authorization to delegate discretionary investment management services to other unaffiliated Sub-
Advisors selected by our firm based on your investment objectives and portfolio strategy. Discretionary
authority is typically granted by the investment advisory agreement you sign with our firm and the
appropriate trading authorization forms. You may, in our sole discretion, limit our discretionary authority
(for example, limiting the types of securities that can be purchased or sold for your account) by
providing our firm with your restrictions and guidelines in writing. If you enter into non-discretionary
arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf
of your account.
In addition, we also provide discretionary management services to certain held-away assets that
primarily consist of retirement accounts, such as a 401(k) account. These services are provided on an
unaffiliated third-party web-based platform where clients will go through a one-time setup process
enabling our firm to make any necessary trades or rebalancing to their portfolios. Under no
circumstances will we possess privileges that would impute custody to our firm under applicable rules
and regulations, including, but not limited to: maintaining your account log-in credentials on file; having
the ability to change
your address on record or ability to authorize distributions from your accounts; or
authorization to open any new accounts on your behalf through the web-based platform. These
arrangements require clients to have a taxable account with a qualified custodian, such as Charles
Schwab, whereby our advisory fees will be deducted from.
Portfolio Consulting Services
We provide portfolio consulting services where the investment advice provided is custom tailored to
meet your needs and investment objectives. Such services may include a risk tolerance assessment,
asset allocation recommendations, and/or monitoring your account. We may assist you in identifying
categories of mutual funds, individual equities, and other investments that are suitable based on your
investment profile. We will not cause any transactions in conjunction with the advice and/or
recommendations given. You will be responsible for implementing our investment recommendations. If
we have access to your account statements, we will monitor your account on a periodic basis to
ensure the account remains aligned with your stated financial objectives. You have the right to accept
or reject any of our investment recommendations. These services are available on a periodic or
ongoing basis, and all terms of the engagement will be evidenced in the client agreement.
Financial Planning Services
We offer financial planning services which typically involve providing a variety of advisory services to
clients regarding the management of their financial resources based upon an analysis of their
individual needs. These services can range from broad-based financial planning to consultative or
single subject planning. If you retain our firm for financial planning services, we will meet with you to
gather information about your financial circumstances and objectives. We may also use financial
planning software to determine your current financial position and to define and quantify your long-term
goals and objectives. Once we specify those long-term objectives (both financial and non-financial), we
will develop shorter-term, targeted objectives. Once we review and analyze the information you provide
to our firm and the data derived from our financial planning software, we may deliver a written plan to
you, designed to help you achieve your stated financial goals and objectives.
Financial plans are based on your financial situation at the time we present the plan to you, and on the
financial information you provide to us. You must promptly notify our firm if your financial situation,
goals, objectives, or needs change.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the financial plan through any
of our other investment advisory services. Moreover, you may act on our recommendations by placing
securities transactions with any brokerage firm.
Types of Investments
We primarily offer advice on mutual funds, equity securities, corporate debt securities, certificates of
deposit, municipal securities, investment company securities, U.S. Government securities, options
contracts on securities and commodities, and interest in partnerships investing in real estate, oil and
gas interests, and others.
Additionally, we may advise you on any type of investment that we deem appropriate based on your
stated goals and objectives. We may also provide advice on any type of investment held in your
portfolio at the inception of our advisory relationship. You may request that we refrain from investing in
particular securities or certain types of securities. You must provide these restrictions to our firm in
writing.
Assets Under Management
As of December 31, 2023, we provide continuous management services for approximately
$241,800,000 in client assets on a discretionary basis.