Barnett & Co Inc
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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
Number of Advisors
Disclosures
Office Location
Barnett & Co Inc by the Numbers
$151.5 million
3
305
$496.9 thousand
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
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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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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
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
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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
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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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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