Barnes Pettey Financial Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year.
Barnes Pettey Financial Advisors reports 3,303 clients. They include 2,079 individual clients, 945 high-net-worth individuals and 191 other clients. Of its assets, 94.6% ($1.24B across 3,021 accounts) are managed with discretion; $71.2M across 282 accounts are not. It advised 95 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 25% |
| High-net-worth individuals | 29% | 51% |
| Pension and profit-sharing plans | <1% | 3% |
| Charitable organizations | <1% | 3% |
| Corporations and other businesses | 2% | 2% |
| Other client typesOther | 6% | 17% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,079 | $322M | 24.5% | $155K |
| High-net-worth individuals | 945 | $667M | 50.9% | $706K |
| Pension and profit-sharing plans | 17 | $33.3M | 2.5% | $1.96M |
| Charitable organizations | 18 | $41.5M | 3.2% | $2.31M |
| Corporations and other businesses | 53 | $31M | 2.4% | $584K |
| Other | 191 | $216M | 16.5% | $1.13M |
| Total | 3,303 | $1.31B | 100% | $397K |
- Clients
- 2,079
- Regulatory AUM
- $322M
- AUM share
- 24.5%
- Avg. per client
- $155K
- Clients
- 945
- Regulatory AUM
- $667M
- AUM share
- 50.9%
- Avg. per client
- $706K
- Clients
- 17
- Regulatory AUM
- $33.3M
- AUM share
- 2.5%
- Avg. per client
- $1.96M
- Clients
- 18
- Regulatory AUM
- $41.5M
- AUM share
- 3.2%
- Avg. per client
- $2.31M
- Clients
- 53
- Regulatory AUM
- $31M
- AUM share
- 2.4%
- Avg. per client
- $584K
- Clients
- 191
- Regulatory AUM
- $216M
- AUM share
- 16.5%
- Avg. per client
- $1.13M
Total
- Clients
- 3,303
- Regulatory AUM
- $1.31B
- AUM share
- 100%
- Avg. per client
- $397K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 95
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Barnes Pettey Financial Advisors charges 0.65%–1.25% for its Investment Management Services. The brochure does not state whether the rate is annual. The whole portfolio is charged at the rate of its band. The fee is billed in advance or in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$1M | 1.25% |
| $1M–$2M | 1.10% |
| $2M–$5M | 0.95% |
| $5M–$10M | 0.80% |
| $10M and above | 0.65% |
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning is a fixed fee of $750 to $3,000 depending on complexity, or an hourly fee of up to $200.
Holmes Pettey, Inc. owns 50% to 75% of Barnes Pettey Financial Advisors and is in turn owned by Holmes Pettey (75% or more). The leadership team of Barnes Pettey Financial Advisors includes Chief Compliance Officer Susan Brodnick. It has 13 employees, 8 of them in advisory roles.
Leadership
- Susan BrodnickChief Compliance Officer
- Holmes PetteyManaging Member
- Gerald SmithManaging Member
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Ryan Haskins Barnes
- Richard Lee Devoe
- Julie Kelley Flowers
- Joseph Friend III
- Daniel Jackson Myrick
- Holmes Sherard Pettey
- Gerald Arthur Smith JR
- Andrew Chi-Yan Yee
Staff
- 13 employees
- 8 in advisory functions
- 8 state-registered reps
- 8 insurance agents
- Owns 50% to 75% of Barnes Pettey Financial Advisors, LLC
Holmes Pettey, Inc.
Control person · since January 2007
- Owns 75% or more of Holmes Pettey, Inc.
Holmes Pettey
Control person · since January 2007
- Owns 5% to 10% of Barnes Pettey Financial Advisors, LLC
Friend Financial Consulting LLC
Control person · since February 2025
- Owns 75% or more of Friend Financial Consulting LLC
Joseph Friend
Control person · since January 2025
- Owns 5% to 10% of Barnes Pettey Financial Advisors, LLC
Andrew C Yee, LLC
Control person · since February 2025
- Owns 75% or more of Andrew C Yee, LLC
Andrew Yee
Control person · since November 2020
- Owns 5% to 10% of Barnes Pettey Financial Advisors, LLC
Daniel Myrick Wealth Managment, LLC
Control person · since February 2025
- Owns 75% or more of Daniel Myrick Wealth Managment, LLC
Daniel Myrick
Control person · since October 2024
- Owns 5% to 10% of Barnes Pettey Financial Advisors, LLC
Barnes Wealth Management, LLC
Control person · since February 2025
- Owns 75% or more of Barnes Wealth Management, LLC
Ryan Barnes
Control person · since December 2017
- Owns 5% to 10% of Barnes Pettey Financial Advisors, LLC
Capital Management of Oxford, LLC
Control person · since February 2025
- Owns 75% or more of Capital Management of Oxford, LLC
Richard Devoe
Control person · since July 2000
- Owns 5% to 10% of Barnes Pettey Financial Advisors, LLC
Julie Flowers, LLC
Control person · since February 2025
- Owns 75% or more of Julie Flowers, LLC
Julie Flowers
Control person · since January 2024
- Owns 5% to 10% of Barnes Pettey Financial Advisors, LLC
Barnes Pettey Financial Advisors of Grenada, LLC
Control person · since February 2025
- Owns 75% or more of Barnes Pettey Financial Advisors of Grenada, LLC
Gerald Smith
Control person · since November 2005
Barnes Pettey Financial Advisors’ regulatory assets grew from $1.07B (July 2021) to $1.31B (August 2026); clients rose from 2,116 to 3,303 and employees fell from 16 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $1.31B | 3,303 | 13 | 6 |
| July 2025 | $1.12B | 2,310 | 15 | 6 |
| March 2024 | $1.09B | 2,380 | 15 | 7 |
| March 2023 | $965M | 2,361 | 18 | 7 |
| March 2022 | $1.21B | 2,311 | 16 | 7 |
| July 2021 | $1.07B | 2,116 | 16 | 7 |
Besides its headquarters, Barnes Pettey Financial Advisors has 5 offices, with 6 listed addresses in Mississippi and Tennessee.
Mississippi · 5 listed addresses
- 252 Sunflower Avenue, ClarksdaleHQ
- 618 Magnolia Street, Madison
- 2153 South Lamar BLVD, Oxford
- 1350 Sunset Drive, Grenada
- 1420 North Lamar BLVD, Oxford
Tennessee · 1 listed address
- 6060 Poplar Ave, Memphis
Contact and registration details
- Legal name
- Barnes Pettey Financial Advisors, LLC
- Headquarters
- 252 Sunflower Avenue, Clarksdale, MS 38614
- Website
- barnespettey.com
- Phone
- 662-627-2225
- SEC file
- 801-67555
- Structure
- Mississippi LLC
- Fiscal year end
- December
Barnes Pettey Financial Advisors uses Raymond James ($664M, 59%) and Raymond James ($459M, 41%) as custodians for its separately managed accounts. Barnes Pettey Financial Advisors has custody of $38.2M in client assets for 186 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $664M59%
- Raymond JamesRaymond James Trust Company of New Hampshire · Portsmouth, NH · $459M41%
At year end, Barnes Pettey Financial Advisors’ separately managed accounts were mostly in funds (82%) and stocks (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $319M across 175 positions; the largest are Capital Group Growth ETF (12.6%), First TR Exchange-traded FD (5.0%) and Fidelity Covington Trust (4.9%).
What the accounts hold
- Stocks10%
- Funds82%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash2%
- Other4%
- Reits, unit investment trusts, alternative investments, annuities4%
Reported 13F holdings
- $319M
- Reported 13F value
- 175
- Positions
- 41.0%
- In the 10 largest
- +39.1%
- Value vs. prior quarter
- Capital Group Growth ETF · Shs Creation Uni12.6%
- First TR Exchange-traded FD · Risng Divd Achiv5.0%
- Fidelity Covington Trust · Blue Chip Grwth4.9%
- Capital Group Dividend Value · Shs Creation Uni4.6%
- Dimensional ETF Trust · Internatnal Val3.2%
- J P Morgan Exchange Traded F · Small & Mid Cap3.0%
- Amplify ETF TR · Cwp Enhanced Div2.2%
- Invesco Qqq TR · Unit Ser 12.0%
- Schwab Strategic TR · US Dividend EQ1.8%
- Harris Oakmark ETF Trust · Oakmark U S Lrg1.7%
Together, the ten largest are 41.0% of reported value.
How many clients does Barnes Pettey Financial Advisors have?
Barnes Pettey Financial Advisors has 3,303 clients and manages $1.31 billion for them, as of August 2026. They include 2,079 individual clients, 945 high-net-worth individuals and 191 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 August 2026
What services does Barnes Pettey Financial Advisors offer?
Barnes Pettey Financial Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Barnes Pettey Financial Advisors charge?
Barnes Pettey Financial Advisors charges 0.65%–1.25% for its Investment Management Services. The brochure does not state whether the rate is annual. The whole portfolio is charged at the rate of its band. The fee is billed in advance or in arrears and is negotiable.
Source: BARNES PETTEY FINANCIAL ADVISORS, LLC FIRM BROCHURE 3-17-26, filed 20 August 2026
Which custodians does Barnes Pettey Financial Advisors use?
Barnes Pettey Financial Advisors’ separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $664M and Raymond James Trust Company of New Hampshire (Portsmouth, NH), with $459M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 August 2026
How many financial advisors does Barnes Pettey Financial Advisors have?
Barnes Pettey Financial Advisors has 8 investment adviser representatives registered with state securities authorities, out of 13 employees, and 8 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 8 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Barnes Pettey Financial Advisors invest in?
At the end of its last fiscal year, Barnes Pettey Financial Advisors’ separately managed accounts held 82% registered funds (mutual funds, ETFs, BDCs), 10% exchange-traded equities, 4% other, 2% cash and equivalents, 1% U.S. government and agency bonds and 1% investment grade corporate bonds. The 4% other category is described as: Reits, Unit Investment Trusts, Alternative Investments, Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Barnes Pettey Financial Advisors?
Barnes Pettey Financial Advisors is owned through holding companies by Holmes Pettey, Julie Flowers, Ryan Barnes, Andrew Yee, Joseph Friend and 3 others. Its direct owners are Holmes Pettey, Inc. (50% to 75%), Friend Financial Consulting LLC (5% to 10%), Andrew C Yee, LLC (5% to 10%), Daniel Myrick Wealth Managment, LLC (5% to 10%), Barnes Wealth Management, LLC (5% to 10%), Capital Management of Oxford, LLC (5% to 10%), Julie Flowers, LLC (5% to 10%) and Barnes Pettey Financial Advisors of Grenada, LLC (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 20 August 2026
How does Barnes Pettey Financial Advisors get paid?
Barnes Pettey Financial Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Barnes Pettey Financial Advisors registered with the SEC?
Yes, Barnes Pettey Financial Advisors has been registered with the SEC as an investment adviser since 3 January 2007. Its CRD number is 142944 and its SEC file number is 801-67555.
Source: Form ADV Part 1A, Item 1, filed 20 August 2026; IAPD firm record
How do I contact Barnes Pettey Financial Advisors?
Barnes Pettey Financial Advisors’ main office is at 252 Sunflower Avenue, Clarksdale, MS 38614. Its phone number is 662-627-2225. Its website is barnespettey.com.