Overview
A. Describe your advisory firm, including how long you have been in business. Identify
your principal owner(s).
Founded in 2003 by Thomas P. Dupree, Jr., Dupree Financial Group, LLC (“Dupree Financial
Group” or “we” or “our” or the “Firm”) is registered as an investment adviser with the SEC.
Dupree Financial Group is a limited liability company formed under the laws of the
Commonwealth of Kentucky.
Dupree Financial Group is owned by Thomas P. Dupree, Jr.
B. Describe the types of advisory services you offer. If you hold yourself out as
specializing in a particular type of advisory service, such as financial planning, quantitative
analysis, or market timing, explain the nature of that service in greater detail. If you provide
investment advice only with respect to limited types of investments, explain the type of
investment advice you offer, and disclose that your advice is limited to those types of
investments.
Dupree Financial Group’s primary purpose is managing investment assets for retirees and those
planning to retire. We tailor investment advisory services to the specific needs of each of our
clients. Our investment recommendations are typically generated from Dupree Financial Group’s
original research. We provide two types of investment advisory services for our clients: portfolio
management services and asset management services. Client accounts for which we provide
portfolio management services to are held at independent brokerage firms; our primary investment
custodians are Fidelity and Charles Schwab. We also provide asset management advice for
retirement accounts held in Institutional Retirement Plan for the University of Kentucky held at
Fidelity.
Dupree Financial Group works with each client to establish an investment policy, including
determining investment goals and risk tolerance, establishing asset allocation parameters,
establishing cash flow and liquidity requirements and setting reasonable expectations for
investment returns. Based on the risk and return objectives
set forth in each client’s investment
policy, Dupree Financial Group recommends investments to create a diversified portfolio that best
fits with the client’s goals and priorities and the opportunity set presented by changing market
conditions.
Dupree Financial Group does not represent, warrant or imply that the services or methods of
analysis employed by it can or will predict future results, successfully identify market tops or
bottoms, or insulate clients from losses due to market corrections or declines.
C. Explain whether (and, if so, how) you tailor your advisory services to the individual
needs of clients. Explain whether clients may impose restrictions on investing in certain
securities or types of securities.
As mentioned above, Dupree Financial Group tailors its investment advisory services to the
individual needs of its clients. In addition to investment advice for retirement accounts, we may
provide advice on private placements, pooled investment vehicles and other alternative
investments. Dupree Financial Group may also, in its discretion, advise a client on any other type
of investment that we deem appropriate based on that client’s stated goals and objectives or on any
type of investment(s) held in that client’s portfolio. Clients can impose restrictions on investing
in certain securities or types of securities.
D. If you participate in wrap fee programs by providing portfolio management services,
(1) describe the differences, if any, between how you manage wrap fee accounts and how you
manage other accounts, and (2) explain that you receive a portion of the wrap fee for your
services.
Dupree Financial Group does not participate in wrap fee programs.
E. If you manage client assets, disclose the amount of client assets you manage on a
discretionary basis and the amount of client assets you manage on a non-discretionary basis.
Disclose the date “as of” which you calculated the amounts.
As of December 31, 2023, Dupree Financial Group manages $283,324,441, one hundred (100%)
percent of it on a discretionary basis.