Dupree Financial Group, LLC logo

Dupree Financial Group, LLC

Updated today

Client assets under management

$404,368,661

Clients

825

14% high-net-worth

Advisors

7

of 7 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

118

Very High

Average account size

$490,144

About

Dupree Financial Group is an SEC-registered investment adviser that primarily manages assets for retirees and those planning for retirement, serving individuals, high-net-worth clients, trusts, estates, and certain employer retirement plan participants. The firm provides discretionary portfolio management and asset management services — including negotiated advisory arrangements for employees’ retirement accounts in a university-sponsored institutional plan — and may advise on private placements and other alternative investments at its discretion.

The firm follows a modified value-based, bottom-up investment approach, favoring securities it views as trading below appropriate valuation metrics and those with a history of growing dividends, while using ETFs for broad market exposure and individual stocks and bonds for security selection. Dupree Financial Group works with clients to establish an investment policy covering goals, asset allocation, liquidity and risk tolerance, and it monitors and rebalances portfolios on an ongoing basis under discretionary authority.

Notably, the firm does not provide formal financial planning as a standard service, which is less common among comparable team advisory firms and signals a focus on investment management rather than comprehensive planning. The brochure discloses a past regulatory matter — an SEC censure and a $25,000 civil penalty in 2016 related to compliance-review deficiencies — and recent compliance staffing changes; prospective clients are advised to review the firm’s disclosures and code of ethics to assess current controls.

Client services

Portfolio management

Expertise

General retirement planning Income planning Active portfolio management

Occupation focus

Retired

Want help finding the right advisor?

Answer a few questions to see advisors matched to you.

Fee options

Percentage

$0 - $499,999.99: 1.25% $500,000 - $999,999.99: 0.90% $1,000,000 - $1,999,999.99: 0.75% $2,000,000 - $2,999,999.99: 0.60% $3,000,000+: 0.50%

Other

Account minimum: $25,000 (may be waived at management's discretion)

Main office location

Dupree Financial Group, LLC

237 East Main Street

Lexington KY 40507, United States

Number of offices

1

Most active in

Arizona · Colorado · Florida · Indiana · Kentucky · Louisiana · Michigan · Ohio · South Carolina · Tennessee · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Michael D

Series 65

Lexington, KY

Dupree Financial Group, LLC

Michael Dawahare is a financial advisor at Dupree Financial Group, LLC with two years of industry experience. He holds a Series 65 designation and previously worked as a senior consultant from 2014 to 2024. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach that includes original research, bottom-up security analysis, and allocations to ETFs, with a focus on dividend-paying stocks and long-term holdings tailored to each client’s risk tolerance and cash-flow needs.

General retirement planning Income planning Active portfolio management Retired
user avatar

Thomas D

Series 63, Series 65

Lexington, KY

Dupree Financial Group, LLC

Thomas Dupree is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, with 17 years of industry experience. He holds Series 63 and Series 65 designations and has been with Dupree Financial Group since 2003. Outside of advisory work, he is a partner in Dupree Energy Resources, LLC, a company involved in selling electricity produced by GridFox 1020 systems. Dupree Financial Group is a five-advisor SEC-registered firm managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach focused on dividend-paying stocks, ETFs, and tailored asset allocations, with ongoing monitoring and annual reviews of client portfolios.

General retirement planning Income planning Active portfolio management Retired
user avatar

Thomas D

Series 65

Phoenix, AZ

Dupree Financial Group, LLC

Thomas Dupree is a financial advisor at Dupree Financial Group, LLC in Phoenix, AZ, holding a Series 65 credential with five years of industry experience. His prior work includes roles with the Arizona Coyotes and Indianapolis Colts, as well as time at Strategy Financial Group. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm uses a modified value-based investment approach focused on dividend-paying stocks and ETFs, providing discretionary portfolio management tailored to each client’s risk tolerance and cash-flow needs.

General retirement planning Income planning Active portfolio management Retired
user avatar

Micheal J

Series 66

Lexington, KY

Dupree Financial Group, LLC

Micheal Johnson is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, with 19 years of industry experience. He holds a Series 66 designation and has been associated with Raymond James Financial Services Advisors, Inc. since 2006. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach that emphasizes dividend-paying stocks, long-term holdings, and tailored asset allocations based on client risk tolerance and cash-flow needs.

General retirement planning Income planning Active portfolio management Retired
user avatar

James D

Series 65

Lexington, KY

Dupree Financial Group, LLC

James Dupree is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, holding a Series 65 designation with one year of industry experience. He has been with Dupree Financial Group since 2024 and has an academic background as a student dating back to 2014. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees or those planning for retirement. The firm employs a modified value-based investment approach focused on dividend-paying stocks and long-term holdings, providing discretionary portfolio and asset management tailored to clients’ risk tolerance and cash-flow needs.

General retirement planning Income planning Active portfolio management Retired
user avatar

David K

Series 65

Lexington, KY

Dupree Financial Group, LLC

David Kemp is an investment advisor with Dupree Financial Group, LLC in Lexington, KY. He holds a Series 65 designation and has been with Dupree Financial Group since 2025. Prior to his current role, Mr. Kemp worked at iHeart Media and was self-employed. He was previously a 50% owner of a retail candle business, SoYum Candle Company, LLC, which closed in 2025. Dupree Financial Group is a five-advisor firm managing approximately $330 million for about 756 clients, primarily individuals and high-net-worth retirees. The firm employs a modified value-based investment approach focused on dividend-paying stocks and ETFs, with tailored strategies aligned to each client’s risk tolerance and financial goals.

General retirement planning Income planning Active portfolio management Retired
user avatar

Denise R

Series 65

Lexington, KY

Dupree Financial Group, LLC

Denise Rodriguez is a financial advisor at Dupree Financial Group, LLC in Lexington, KY, holding a Series 65 designation with two years of industry experience. Her prior work includes seven years at Peoples Exchange Bank and experience in the restaurant industry. Dupree Financial Group is a five-advisor SEC-registered investment adviser managing approximately $330 million for around 756 clients, primarily individuals and high-net-worth retirees. The firm uses a modified value-based investment approach focused on dividend-paying stocks and ETFs, offering discretionary portfolio management tailored to each client’s risk tolerance and cash-flow needs.

General retirement planning Income planning Active portfolio management Retired
Warmer team member

Not sure where to start?

We'll help you think it through — whether you ultimately need an advisor or not.

Warmer helps you compare advisors clearly — so you can choose with confidence.

Find your advisor
Discover

Compare top advisor firms by metric, firm size, and location.

Warmer provides personalized recommendations and introductions to independent fiduciary advisors. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.

Each advisor listed on our site is an independent fiduciary responsible for their own advice. Warmer may receive fees from advisors for participation or referrals; these fees are paid by advisors and do not affect the fees clients pay for advisory services.

For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Please review an advisor's Form ADV and do your own diligence before entering into an advisory relationship.

By using our service, you agree to Warmer's Terms of Service and Advisory Agreement and Privacy Policy. Logos provided by Logo.dev

© 2026 Warmer Holdings Inc. ("Warmer")