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Burrus

Updated today

Client assets under management

$240,658,000

Clients

322

25% high-net worth

Advisors

2

of 5 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

161

Very High

Average account size

$747,385

About

Burrus Financial Services provides personalized financial planning and discretionary investment management to individual and high-net-worth clients, and also serves corporations and small businesses. According to its brochure, the firm manages about $240.7 million in client assets for roughly 322 clients and operates with a two-advisor team.

The firm uses a strategic asset allocation approach centered on no-load/low-load mutual funds, index funds and exchange-traded funds, with periodic rebalancing and global diversification to manage risk. Financial planning is included as part of the client relationship at no additional charge, and all managed accounts are handled on a discretionary basis.

Noteworthy features relative to peers include a relatively high asset base for a small advisory team and an explicit policy that Burrus does not vote proxies on clients’ behalf, leaving voting responsibility with clients. The firm also directs clients to use a third-party custodian (Fidelity), provides consolidated reporting via Black Diamond, and does not offer wrap fee programs or performance-based fee arrangements.

Client services

Financial planning Portfolio management

Expertise

General retirement planning General tax planning Wealth management Cash flow / budgeting

Fee options

Percentage

$0 - $1,000,000: 1.35% annually $1,000,001 - $3,000,000: 1.00% annually $3,000,001 - $5,000,000: 0.75% annually $5,000,001+: Negotiable

Other

Fee-only: Fees based on percentage of assets under management per tier schedule; no separate fee for financial planning or consultations.

Main office location

Burrus

2455 E Parley's Way, Suite 115

Salt Lake City UT 84109, United States

Number of offices

1

Most active in

Alaska · Arizona · Colorado · Idaho · Michigan · Montana · New Mexico · Oklahoma · South Dakota · Texas · Utah · Washington · Wisconsin · Wyoming

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Jeff B

Series 66

Salt Lake City, UT

Burrus

Jeff Bland is a financial advisor at Burrus with 24 years of industry experience. He holds a Series 66 designation and has been with Burrus Financial Services since 2006. Outside of his advisory role, he operates a financial-literacy business that provides education to employers and employees. Burrus Financial Services offers personalized financial planning and discretionary investment management to individuals, corporations, and small businesses. The firm employs a strategic asset-allocation approach focused on globally diversified no-load and low-load mutual funds and ETFs, managing client accounts on a discretionary basis while including financial planning at no additional charge.

General retirement planning General tax planning Wealth management Cash flow / budgeting
user avatar

Daniel H

Series 65

Salt Lake City, UT

Burrus

Daniel Hannon is a financial advisor at Burrus with 12 years of industry experience. He holds a Series 65 designation and has been with Burrus Financial Services, Inc. since 2012. Outside of his advisory role, he is involved in a financial-literacy business that provides education to employers and employees. Burrus Financial Services offers personalized financial planning and discretionary investment management to individuals, corporations, and small businesses. The firm employs a strategic asset-allocation approach using primarily no-load or low-load mutual funds and ETFs, managing all client accounts on a discretionary basis and providing financial plans at no additional charge.

General retirement planning General tax planning Wealth management Cash flow / budgeting
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