Burkett Financial Services, LLC

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Client assets under management

$553,526,437

Clients

476

41% high-net worth

Advisors

of 7 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

High

Average account size

$1,162,871

About

Burkett Financial Services, LLC advises individuals, high‑net‑worth clients, trusts, estates and retirement plans, managing roughly $573 million across about 476 client relationships. The firm provides written and ongoing financial planning, discretionary and non‑discretionary portfolio management, and retirement plan consulting and fiduciary services (including ERISA 3(21) and 3(38) roles), generally charging percentage‑of‑AUM fees.

Portfolios are built primarily with mutual funds, ETFs and fixed income instruments according to a client‑specific Investment Plan developed at onboarding, and accounts are reviewed at least annually by a five‑advisor investment committee. The firm’s stated strategies include both long‑ and short‑term purchases and may incorporate margin/borrowing in separately managed accounts when implementing investment decisions, and custody and execution are typically arranged through an institutional Schwab platform.

A distinctive feature is the firm’s close affiliation with Burkett Burkett & Burkett CPAs: several principals are shareholders of the accounting firm and multiple advisers hold CPA and CFP credentials, which the brochure notes can lead to shared information and integrated tax‑planning support. Compared with many team advisors, Burkett also emphasizes retirement plan services with model portfolio options and discretionary ERISA management, aligning its wealth management work with institutional plan governance.

Client services

Financial planning Portfolio management Pension consulting

Expertise

General retirement planning Cash flow / budgeting Income planning

Occupation focus

Executive Founder/Business Owner

Fee options

Fixed

General consulting fees may be negotiated on a fixed fee basis

Percentage

$0 - $1,000,000: 1.00% (with a maximum quarterly fee of $2,500) $1,000,001 - $2,000,000: 0.85% (with a maximum quarterly fee of $4,625) $2,000,001 - $5,000,000: 0.65% (with a maximum quarterly fee of $7,875) $5,000,001 - $10,000,000: 0.50% (with a maximum quarterly fee of $14,125) $10,000,001+: 0.40% (with no maximum quarterly fee)

Project-based

Hourly basis for financial planning and general consulting services, negotiated at time of engagement

Other

Account minimum: $500,000 Fee-only: Financial planning fees negotiated at time of engagement, normally hourly basis; general consulting fees negotiated at time of engagement, normally hourly or fixed fee basis

Main office location

Burkett Financial Services, LLC

128 East Main Street, Suite 101

Rock Hill SC 29730, United States

Number of offices

Most active in

Florida · Georgia · North Carolina · South Carolina · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 803-980-3232

Advisors at this firm

Phillip S

Series 66

Rock Hill, SC

Burkett Financial Services, LLC

Phillip Smiley is a financial advisor with Burkett Financial Services, LLC in Rock Hill, SC, holding a Series 66 designation and 26 years of industry experience. He previously worked at Westminster Financial Securities for 15 years and has been with Burkett Financial Services since 2000. Outside of advising, he is a partner in the real estate company Prorentals, LLC. Burkett Financial Services serves individual investors, high-net-worth clients, and retirement plans by providing financial planning, portfolio management, and consulting services. The firm offers discretionary management and targeted consulting, often integrating investment strategies with tax and accounting expertise through an affiliated CPA firm.

General retirement planning Cash flow / budgeting Income planning Executive Founder/Business Owner

Lemuel M

Series 66

Rock Hill, SC

Burkett Financial Services, LLC

Lemuel Mitchum is a financial advisor at Burkett Financial Services, LLC with 19 years of industry experience. He holds a Series 66 designation and has been with Burkett Financial Services since 2000. Burkett Financial Services serves individual investors, high-net-worth clients, and retirement plans by providing financial planning, portfolio management, and consulting services. The firm combines investment management with tax and accounting expertise through an affiliation with a local CPA firm and offers specialized ERISA fiduciary consulting and discretionary retirement plan management.

General retirement planning Cash flow / budgeting Income planning Executive Founder/Business Owner

Neil B

CFP®

Rock Hill, SC

Burkett Financial Services, LLC

Neil Brown is a CFP® professional with 19 years of industry experience, currently serving at Burkett Financial Services, LLC. He previously worked at Freeman Wealth Management LLC for 11 years. In addition to his advisory role, Mr. Brown teaches financial planning to other professionals through Advanced Financial Planning LLC. Burkett Financial Services serves individual investors, high-net-worth clients, and retirement plans with financial planning, portfolio management, and consulting services. The firm offers discretionary management and targeted project consulting, integrating tax and accounting expertise through an affiliated CPA firm.

General retirement planning Cash flow / budgeting Income planning Executive Founder/Business Owner

Donald B

PFS™

Rock Hill, SC

Burkett Financial Services, LLC

Donald Burkett is a financial advisor at Burkett Financial Services, LLC with 10 years of industry experience. He holds the PFS™ designation and has a long career including work at ResourceOne Health Management Services and a CPA firm, Burkett Burkett & Burkett Certified Public Accountants, where he has been active for over 50 years. Outside of his advisory role, he is involved in several business ventures including a sports park and an investment entity for his grandchildren. Burkett Financial Services serves individual investors, high-net-worth clients, and retirement plans, providing financial planning, portfolio management, and consulting services. The firm offers discretionary management and project consulting with an investment approach that includes mutual funds, ETFs, fixed income, and tailored strategies incorporating tax and accounting coordination through its affiliation with a CPA firm.

General retirement planning Cash flow / budgeting Income planning Executive Founder/Business Owner

Jana M

CFP®, Series 63

Rock Hill, SC

Burkett Financial Services, LLC

Jana Morrison is a CFP® and holds a Series 63 license with 12 years of experience in the financial industry. She has worked at Burkett Financial Services, LLC since 2014, with a brief tenure at Buckingham Strategic Wealth, LLC in 2022. Burkett Financial Services serves individual investors, high-net-worth clients, and retirement plans by providing financial planning, portfolio management, and consulting services. The firm integrates tax and accounting expertise through its affiliation with a local CPA firm and offers discretionary management and ERISA-related retirement plan advisory.

General retirement planning Cash flow / budgeting Income planning Executive Founder/Business Owner

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