Merryfield Barnes, LLC
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Overview
Merryfield Barnes, LLC is a financial advisory company located in Ithaca, New York. It has $93.4 million in total assets throughout 457 customer accounts. It has a small team, including 2 financial advisors. Merryfield Barnes, LLC does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like equities, bonds and options.
Merryfield Barnes, LLC administers 449 of its accounts on a discretionary basis. Discretionary management is a structure in which transaction judgments are made by a portfolio manager without needing to seek client authorization. The firm also oversees eight non-discretionary accounts totaling $6.3 million in assets under management. The company's typical account size is $204,285. The typical advisor at Merryfield Barnes, LLC oversees about 229 client accounts.
The firm's central office is at 202 East State Street, Ithaca, New York 14850. It is permitted to serve customers throughout 13 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Merryfield Barnes, LLC by the Numbers
$93.4 million
4
457
$204.3 thousand
Fee Structure
A financial advisor's fees typically depend on the financial services offered. Fees charged by the company most likely are comprised of the following fee structures: asset-based, hourly or fixed. Merryfield Barnes, LLC does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm provides services to retail investors and high net worth investors. Out of its 457 clients, Merryfield Barnes, LLC's biggest client by number of accounts is retail investors, though it also serves 41 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 20.92%
- Other Individuals - 79.08%
- 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
Merryfield Barnes, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Merryfield Barnes, LLC
Ithaca, NY
Windermere, FL
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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