Barnes Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, and educational seminars. Financial planning was provided to 26–50 clients last fiscal year.
Barnes Wealth Management Group reports 897 clients. They include 709 individual clients, 124 high-net-worth individuals, and 41 pension and profit-sharing plans. Of its assets, 64.6% ($308M across 1,429 accounts) are managed with discretion; $169M across 41 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 28% |
| High-net-worth individuals | 14% | 35% |
| Pension and profit-sharing plans | 5% | 35% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 709 | $136M | 28.5% | $192K |
| High-net-worth individuals | 124 | $167M | 35.0% | $1.35M |
| Pension and profit-sharing plans | 41 | $169M | 35.4% | $4.12M |
| Charitable organizations | 6 | $637K | 0.1% | $106K |
| Corporations and other businesses | 17 | $4.62M | 1.0% | $272K |
| Total | 897 | $477M | 100% | $532K |
- Clients
- 709
- Regulatory AUM
- $136M
- AUM share
- 28.5%
- Avg. per client
- $192K
- Clients
- 124
- Regulatory AUM
- $167M
- AUM share
- 35.0%
- Avg. per client
- $1.35M
- Clients
- 41
- Regulatory AUM
- $169M
- AUM share
- 35.4%
- Avg. per client
- $4.12M
- Clients
- 6
- Regulatory AUM
- $637K
- AUM share
- 0.1%
- Avg. per client
- $106K
- Clients
- 17
- Regulatory AUM
- $4.62M
- AUM share
- 1.0%
- Avg. per client
- $272K
Total
- Clients
- 897
- Regulatory AUM
- $477M
- AUM share
- 100%
- Avg. per client
- $532K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Barnes Wealth Management Group charges 0.80%–1.30% a year for its Portfolio Management Fees. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning fees
- Financial planning is typically billed $425 an hour, with $135 an hour for planning support, or as a fixed fee of $1,500 to $4,500 for net worth up to $1,000,000. Hourly and fixed fees are negotiable.
Steven A. Barnes and Lori B. Barnes Trustees of the Barnes Living Trust DTD 9/20/1995 owns 75% or more of Barnes Wealth Management Group. The leadership team of Barnes Wealth Management Group includes President Steven Barnes. It has 12 employees, 7 of them in advisory roles.
Leadership
- Steven BarnesPresident and Chief Compliance Officer
- Lori BarnesTrustee to the Barnes Living Trust Dated 09/20/1995
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
Staff
- 12 employees
- 7 in advisory functions
- 7 state-registered reps
- 3 broker-dealer reps
- 6 insurance agents
- Owns 75% or more of Barnes Wealth Management Group, Inc.
Steven A. Barnes and Lori B. Barnes Trustees of the Barnes Living Trust DTD 9/20/1995
Control person · since January 2023
- Owns 75% or more of Barnes Wealth Management Group, Inc.
Lori Barnes
Control person · since January 2023
- Owns 75% or more of Barnes Wealth Management Group, Inc.
Steven Barnes
Control person · since January 2023
Barnes Wealth Management Group’s regulatory assets grew 3.2× from $149M (April 2021) to $477M (March 2026); clients rose from 524 to 897 and employees from 11 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $477M | 897 | 12 | 1 |
| March 2025 | $412M | 833 | 11 | 1 |
| March 2024 | $337M | 513 | 10 | 2 |
| March 2023 | $282M | 604 | 11 | 1 |
| March 2022 | $155M | 490 | 10 | 1 |
| April 2021 | $149M | 524 | 11 | 1 |
Besides its headquarters, Barnes Wealth Management Group has 0 offices, with 1 listed address in California.
California · 1 listed address
- 5060 California Ave., Suite 600, BakersfieldHQ
Other business names
Barnes Wealth Management Group has reported 1 other business name to the SEC.
- Ironwood Retirement Plan Consultants
Contact and registration details
- Legal name
- Barnes Wealth Management Group, Inc.
- Headquarters
- 5060 California Ave., Suite 600, Bakersfield, CA 93309
- Website
- barneswealth.com
- Phone
- 661-322-9799
- @barnes-wealth-management-group
- SEC file
- 801-118031
- Structure
- California corporation
- Fiscal year end
- December
Barnes Wealth Management Group uses Charles Schwab ($298M, 72%), Voya ($63.3M, 15%) and Principal Securities ($50.6M, 12%) as custodians for its separately managed accounts. Barnes Wealth Management Group has custody of $211M in client assets for 915 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $298M72%
- Principal SecuritiesPrincipal Securities, Inc. · Scottsdale, AZ · $50.6M12%
- VoyaVoya Retirement Advisors, LLC · Windsor, CT · $63.3M15%
At year end, Barnes Wealth Management Group’s separately managed accounts were mostly in funds (80%) and stocks (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $216M across 195 positions; the largest are iShares TR (7.1%), iShares TR (4.2%) and iShares TR (3.4%).
What the accounts hold
- Stocks14%
- Funds80%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash4%
Reported 13F holdings
- $216M
- Reported 13F value
- 195
- Positions
- 32.9%
- In the 10 largest
- +9.7%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF7.1%
- iShares TR · Core Univrsl Usd4.2%
- iShares TR · S&P 500 Grwt ETF3.4%
- Apple Inc.3.1%
- J P Morgan Exchange Traded F · Ultra Shrt ETF3.1%
- Blackrock ETF Trust · Isha IN Ctry ETF3.1%
- Blackrock ETF Trust · iShares US Equit2.6%
- iShares TR · S&P 500 Val ETF2.5%
- Pimco ETF TR · Enhan Shrt MA AC2.1%
- Invesco Qqq TR · Unit Ser 11.8%
Together, the ten largest are 32.9% of reported value.
How many clients does Barnes Wealth Management Group have?
Barnes Wealth Management Group has 897 clients and manages $477 million for them, as of March 2026. They include 709 individual clients, 124 high-net-worth individuals, and 41 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Barnes Wealth Management Group offer?
Barnes Wealth Management Group provides financial planning, portfolio management for individuals and small businesses, pension consulting, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Barnes Wealth Management Group charge?
Barnes Wealth Management Group charges 0.80%–1.30% a year for its Portfolio Management Fees. The fee is billed in advance and is negotiable.
Source: BWMG FORM ADV PART 2A DATED MARCH 17, 2026, filed 17 March 2026
Which custodians does Barnes Wealth Management Group use?
Barnes Wealth Management Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $298M, Voya Retirement Advisors, LLC (Windsor, CT), with $63.3M and Principal Securities, Inc. (Scottsdale, AZ), with $50.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Barnes Wealth Management Group have?
Barnes Wealth Management Group has 7 investment adviser representatives registered with state securities authorities, out of 12 employees, and 7 perform investment advisory functions. 3 employees are registered representatives of a broker-dealer and 6 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 Wealth Management Group invest in?
At the end of its last fiscal year, Barnes Wealth Management Group’s separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 14% exchange-traded equities, 4% cash and equivalents, 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Barnes Wealth Management Group?
Barnes Wealth Management Group’s direct owners are Steven A. Barnes and Lori B. Barnes Trustees of the Barnes Living Trust DTD 9/20/1995 (75% or more), Lori Barnes (75% or more), and Steven Barnes (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Barnes Wealth Management Group get paid?
Barnes Wealth Management Group 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
How do I contact Barnes Wealth Management Group?
Barnes Wealth Management Group’s main office is at 5060 California Ave., Suite 600, Bakersfield, CA 93309. Its phone number is 661-322-9799. Its website is barneswealth.com.