Burrus Financial Services, Inc. (Salt Lake City)


Burrus Financial Services, Inc. is a large advisory firm based in Salt Lake City. It manages $185.49 million of regulatory assets for 818 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alaska, Arizona, Colorado, and 8 other states.

Burrus Financial Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Burrus Financial Services: assets under management

The assets under management (AUM) of Burrus Financial Services, Inc. is $185.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $185.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.76 thousand each.
Burrus Financial Services has custody of $24.27 million in cash and securities for 155 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Burrus Financial Services, Inc. for their services and products based on a percentage of assets under management. 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 Jeff Burrus Bland serves?

The only and largest group of clients of Jeff Burrus Bland is individuals with 818 clients and $185.49 million of assets under management. Among the 10 most similar advisory firms, Burrus Financial Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $185.49 million for 818 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.

Burrus Financial Services doesn't advise any private funds.

Careers at Burrus Financial Services, Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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.

Jeff Burrus Bland has been acting as President since 1 Jul 2006. Kari S Larsen Dunn joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeff Burrus Bland President 1 Jul 2006 75% - 100% 4365908
Kari S Larsen Dunn Chief compliance officer 1 Jan 2015 Other 2902702
Jeff Burrus Bland Managing director / president/ chief compliance officer 1 Jan 2017 75% - 100% 4365908

Based in Salt Lake City

The principal office where Burrus Financial Services, Inc. performs its advisory services is located at 2455 E Parley's Way, Salt Lake City, UT 84109, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-532-0505 or by fax 801-532-5002. The normal business hours are 8am-4pm on Monday - Friday. You can find more information about the New York firm at burrus.biz.