Burnett Financial Group, Inc. (Edmond)

Name: Burnett Financial Group, Inc.
Address: 2569 S Kelly Ave, Edmond, OK, 73013
Telephone: 405-341-9245

Burnett Financial Group, Inc. is a large advisory firm based in Edmond. It manages $111.37 million of regulatory assets for 223 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Oklahoma and Texas.

Burnett Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Burnett Financial Group: assets under management

The assets under management (AUM) of Burnett Financial Group, Inc. is $111.37 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Burnett Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Burnett Financial Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Burnett Financial Group is high net worth individuals with 23 clients and $58.38 million of assets under management. Among the 11 most similar advisory firms, Burnett Financial Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.37 million for 228 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Burnett Financial Group doesn't advise any private funds.

Careers at Burnett Financial Group, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edmund Sean Sullivan has served as the Chief Investment Officer since 1 Aug 2019. Ralph Duane Burnett joined the executive team most recently as the President & Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ralph Duane Burnett	President & chief compliance officer	1 Dec 2003	75% - 100%	2375927
Edmund Sean Sullivan	Chief investment officer	1 Aug 2019	Other	5462947

Based in Edmond

The principal office where Burnett Financial Group, Inc. performs its advisory services is located at 2569 S Kelly Ave, Edmond, OK 73013, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 405-341-9245 or by fax 405-285-4562. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at burnettfinancialgroup.com.