Barker Financial Group, Inc
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Overview
Barker Financial Group, Inc operates as a financial advisor firm located in Topsfield, Massachusetts. The company handles $187.7 million in total assets over 595 customer accounts, making it a mid-tier firm in the nation by assets under management (AUM). It has a small team, including 3 financial advisors. Barker Financial Group, Inc is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments like options, stocks and bonds.
Barker Financial Group, Inc oversees more than half of its accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell judgments for the client's account without requiring the customer's authorization. The firm also has one non-discretionary accounts totaling $214,297 in AUM. The investment advisory firm's typical account size is $315,533. The average financial advisor at Barker Financial Group, Inc administers about 198 client accounts.
The firm's main office is located at 10 South Main Street, Topsfield, Massachusetts 1983. Barker Financial Group, Inc is registered to serve clients across a number of states, including Connecticut, Florida, Maine, Massachusetts, New Hampshire, New York and Vermont.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Barker Financial Group, Inc by the Numbers
$187.7 million
3
595
$315.5 thousand
Products and Services
Barker Financial Group, Inc offers multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the past fiscal year, Barker Financial Group, Inc provided 26-50 of its customers with financial planning services. The firm does not sell products or offer services apart from investment advice to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees usually depend on which service is offered. Fees billed by Barker Financial Group, Inc can include some combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Barker Financial Group, Inc caters to retail investors and high net worth investors. Out of its 595 accounts, Barker Financial Group, Inc's biggest client group is retail investors, though it also manages money for 91 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 firm's clients reside abroad.
- High-Net-Worth Individuals* - 38.56%
- Other Individuals - 61.44%
- 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
Barker Financial Group, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Barker Financial Group, Inc
Topsfield, MA
Braintree, MA
Topsfield, MA
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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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