Barnett & Co Inc

CRD#105867
Investment Advisor Firm

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Overview

Barnett & Co Inc is an advisory company based in Chattanooga, Tennessee. The company manages $151.5 million in assets under management across 305 accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). Barnett & Co Inc has a small team, including 2 financial advisors. Barnett & Co Inc does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial assets such as stocks, options and bonds.

Barnett & Co Inc manages all of the company's client assets on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by an investment advisor without needing to seek the client's consent. Barnett & Co Inc oversees an average of $496,858 for every customer account. The average financial advisor at Barnett & Co Inc oversees around 153 client accounts.

The firm's central office is located at 1300 Broad Street, Chattanooga, Tennessee 37402-4476. The company is permitted to provide services to customers throughout a few states, including Georgia, Tennessee, South Carolina, Texas, New Hampshire and North Carolina.

Assets Under Management

$151.5 million

Number of Advisors

2

Disclosures

No

Office Location

1300 Broad Street
Chattanooga, TN 37402-4476

Barnett & Co Inc by the Numbers

Total Assets Under Management

$151.5 million

National Average: $8.6 billion
Total Number of Employees

3

National Average: 64
Total Number of Accounts

305

National Average: 375,227
Average Account Size

$496.9 thousand

National Average: $23.0 thousand
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Products and Services

Barnett & Co Inc provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and educational seminars. In the past fiscal year, it provided 11-25 of its clients with financial planning services. The company does not sell products or offer services aside from investment advisory services to its investment advisory accounts.

Core Advisor Services

  • 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.

  • 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

  • Find a firm that offers this service

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Find a firm that offers this service

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

A financial advisor's fees usually vary depending on the financial services offered. However, fees billed by the company most likely include any combination of the following fee structures: asset-based, hourly or fixed. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

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.

  • Offered by 21% of firms

    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.

  • Offered by 32% of firms

    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.

Unavailable

  • 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 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

It provides services to retail investors, high net worth investors and charitable organizations. Out of its 305 customers, Barnett & Co Inc's biggest client is high net worth investors, although it also serves 93 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 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* - 66.43%
  • Other Individuals - 30%
  • Corporations - 0%
  • Charitable Organizations - 3.57%

* 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

Barnett & Co Inc does not have any disclosures.

Please visit its Form ADV for more details.

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