Burr Financial Services, LLC

CRD#323114
Investment Advisor Firm

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Overview

Burr Financial Services, LLC is a financial advisory firm based in Pleasant Hill, California. Burr Financial Services, LLC administers $81.4 million in total assets over 318 customer accounts. Burr Financial Services, LLC has a small group, including 3 financial advisors. Burr Financial Services, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like options, bonds and equities.

Burr Financial Services, LLC manages all of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions without needing to seek the client's consent. The investment advisory firm supervises about $256,034 for every account. The typical advisor at Burr Financial Services, LLC manages about 106 client accounts.

Burr Financial Services, LLC's main office is located at 367 Civic Drive, Pleasant Hill, California 94523. The firm is legally permitted to serve customers across 2 states, including California and Texas.

Assets Under Management

$81.4 million

Number of Advisors

3

Disclosures

No

Office Location

367 Civic Drive
Pleasant Hill, CA 94523

Burr Financial Services, LLC by the Numbers

Total Assets Under Management

$81.4 million

National Average: $8.6 billion
Total Number of Employees

3

National Average: 64
Total Number of Accounts

318

National Average: 375,227
Average Account Size

$256.0 thousand

National Average: $23.0 thousand
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Fee Structure

Financial management fees typically vary depending on which service is provided. Fees billed by the company typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Burr Financial Services, LLC provides services to retail investors and high net worth investors. Out of its 318 accounts, Burr Financial Services, LLC's biggest client by number of accounts is retail investors, though it also serves 23 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts reside abroad.

  • High-Net-Worth Individuals* - 7.23%
  • Other Individuals - 92.77%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Burr Financial Services, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Burr Financial Services, LLC

Brent Burr
Pleasant Hill, CA
Michael Killeen
Pleasant Hill, CA
Ryan Wood
Pleasant Hill, CA

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