BARNES WEALTH MANAGEMENT GROUP
BARNES WEALTH MANAGEMENT GROUP, INC. Legal Name
Adviser information for BARNES WEALTH MANAGEMENT GROUP last updated from Form ADV on March 26th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | California, United States |
Employees
| Total Number of Employees | 10 |
|---|---|
| Investment Advisory/Research | 7 |
| Registered Broker-Dealer Representatives | 3 |
| Registered State Investment Advisers | 7 |
| Licensed Agents of an Insurance Company | 7 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1,169 | $208.5M |
| Non-Discretionary | 46 | $128.4M |
| Total | 1,215 | $336.8M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 372 | $106.0M |
| HNW Individuals | 87 | $98.9M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 46 | $128.4M |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 8 | $3.6M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 101-250 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPension consulting servicesEducational seminars/workshops |
|---|---|
| Compensation | % of AUMHourly chargesFixed feesSEMINAR FEES |
Identifiers
| SEC RIA File Number | 801-118031 |
|---|---|
| SEC ERA File Number | 801-118031 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 132189 |
| Legal Entity Identifier | None |
Principal Office
5060 CALIFORNIA AVE.SUITE 600
BAKERSFIELD
CA
United States
Monday - Friday, 8:00 A.M.-5:00 P.M. FRI. 8:00 A.M.-1:00 P.M.
Tel: 661-322-9799, Fax: 661-631-0655
Chief Compliance Officer
STEVEN A. BARNES
PRESIDENT
5060 CALIFORNIA AVENUE
SUITE 600
BAKERSFIELD
CA
United States
Tel:
661-322-9799
Fax:
661-631-0655
S******@***************M
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| BARNES, STEVEN, ALLEN | Individual | – | PRESIDENT AND CHIEF COMPLIANCE OFFICER | 08/2001 | < 5% |
| STEVEN A. BARNES AND LORI B. BARNES TRUSTEES OF THE BARNES LIVING TRUST DTD 9/20/1995 | Domestic Entity | – | OWNER | 01/2023 | > 75% |
| Barnes, Lori | Individual | – | TRUSTEE TO THE BARNES LIVING TRUST DATED 09/20/1995 | 01/2023 | > 75% |
| BARNES, STEVEN, ALLEN | Individual | – | TRUSTEE TO THE BARNES LIVING TRUST DATED 09/20/1995 | 01/2023 | > 75% |