Burkett Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, and tax planning.
Burkett Financial Services reports 476 clients. They include 279 individual clients and 197 high-net-worth individuals. Of its assets, 96.8% ($554M across 1,522 accounts) are managed with discretion; $18.4M across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 59% | 16% |
| High-net-worth individuals | 41% | 81% |
| Pension and profit-sharing plans | Fewer than 5 | 3% |
| Charitable organizations | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 279 | $91.2M | 15.9% | $327K |
| High-net-worth individuals | 197 | $462M | 80.7% | $2.35M |
| Pension and profit-sharing plans | Fewer than 5 | $18.4M | 3.2% | — |
| Charitable organizations | Fewer than 5 | $708K | 0.1% | — |
| Total | 476 | $573M | 100% | — |
- Clients
- 279
- Regulatory AUM
- $91.2M
- AUM share
- 15.9%
- Avg. per client
- $327K
- Clients
- 197
- Regulatory AUM
- $462M
- AUM share
- 80.7%
- Avg. per client
- $2.35M
- Clients
- Fewer than 5
- Regulatory AUM
- $18.4M
- AUM share
- 3.2%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $708K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 476
- Regulatory AUM
- $573M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
Burkett Financial Services charges 0.40%–1.00% a year for its Portfolio management fee. The fee is billed in arrears and requires an account of at least $500,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- A separate financial plan is billed on an hourly or negotiated basis, set at the time of engagement.
- General consulting
- General consulting is billed hourly or as a fixed fee, negotiated for each engagement.
Donald Burkett owns 25% to 50% of Burkett Financial Services. The leadership team of Burkett Financial Services includes Chief Compliance Officer Phillip Smiley. It has 7 employees, 5 of them in advisory roles.
Leadership
- Phillip SmileyChief Compliance Officer
- Donald BurkettMember
- Ronald BurkettMember
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Burkett Financial Services, LLC
Donald Burkett
Control person · since January 2001
- Owns 25% to 50% of Burkett Financial Services, LLC
Ronald Burkett
Control person · since January 2001
- Owns 25% to 50% of Burkett Financial Services, LLC
Phillip Smiley
Control person · since January 2001
Burkett Financial Services’ regulatory assets grew 1.6× from $350M (July 2021) to $573M (February 2026); clients rose from 363 to 476 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $573M | 476 | 7 | 2 |
| February 2025 | $491M | 447 | 7 | 2 |
| February 2024 | $437M | 433 | 6 | 2 |
| March 2023 | $396M | 418 | 5 | 2 |
| July 2022 | $417M | 393 | 4 | 2 |
| July 2021 | $350M | 363 | 5 | 2 |
Besides its headquarters, Burkett Financial Services has 1 office, with 2 listed addresses in South Carolina.
South Carolina · 2 listed addresses
- 128 East Main Street, Suite 101, Rock HillHQ
- 3101 Sunset BLVD, West Columbia
Contact and registration details
- Legal name
- Burkett Financial Services, LLC
- Headquarters
- 128 East Main Street, Suite 101, Rock Hill, SC 29730
- Website
- burkettfs.com
- Phone
- 803-980-3232
- @burkett-financial-services
- SEC file
- 801-67535
- Founded
- 2000
- Structure
- South Carolina LLC
- Fiscal year end
- December
Burkett Financial Services uses Charles Schwab ($551M) as custodian for its separately managed accounts. Burkett Financial Services does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $551M100%
At year end, Burkett Financial Services’ separately managed accounts were mostly in funds (61%) and bonds (25%). Its reported 13F holdings for the quarter ended 30 June 2026 total $320M across 266 positions; the largest are Schwab US Large Cap Growth ETF (17.1%), Schwab US Dividend Equity ETF (17.0%) and MSCI Eafa Hedged Dollar ETF (8.4%).
What the accounts hold
- Stocks10%
- Funds61%
- Bonds25%
- U.S. government and agency bonds22%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash4%
Reported 13F holdings
- $320M
- Reported 13F value
- 266
- Positions
- 83.8%
- In the 10 largest
- +9.5%
- Value vs. prior quarter
- Schwab US Large Cap Growth ETF · Equity17.1%
- Schwab US Dividend Equity ETF · Equity17.0%
- MSCI Eafa Hedged Dollar ETF · Equity8.4%
- Vanguard FTSE Developed Markets ETF · Equity8.3%
- JP Morgan Active Emerging Market · Equity6.9%
- Calamos S&P Structured Alt ETF (blended) · Equity6.6%
- Eagle Capital Select Equity ETF · Equity6.5%
- iShares S&P 400 Mid Index · Equity6.3%
- iShares S&P 600 Small Cap Index · Equity3.7%
- Loar Holdings Inc. · Equity3.0%
Together, the ten largest are 83.8% of reported value.
How many clients does Burkett Financial Services have?
Burkett Financial Services has 476 clients and manages $573 million for them, as of February 2026. They include 279 individual clients and 197 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 February 2026
What services does Burkett Financial Services offer?
Burkett Financial Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Burkett Financial Services charge?
Burkett Financial Services charges 0.40%–1.00% a year for its Portfolio management fee. The fee is billed in arrears and requires an account of at least $500,000.
Source: BURKETT FINANCIAL SERVICES COMPLETE BROCHURE, filed 3 February 2026
Which custodians does Burkett Financial Services use?
Burkett Financial Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $551M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 February 2026
How many financial advisors does Burkett Financial Services have?
Burkett Financial Services has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Burkett Financial Services invest in?
At the end of its last fiscal year, Burkett Financial Services’ separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 22% U.S. government and agency bonds, 10% exchange-traded equities, 4% cash and equivalents, 2% state and local 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
Does Burkett Financial Services have a minimum investment?
Yes, Burkett Financial Services’ minimum account size for its Portfolio management fee is $500K.
Source: BURKETT FINANCIAL SERVICES COMPLETE BROCHURE, filed 3 February 2026
Who owns Burkett Financial Services?
Burkett Financial Services’ direct owners are Donald Burkett, Ronald Burkett and Phillip Smiley, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 3 February 2026
How does Burkett Financial Services get paid?
Burkett Financial Services is paid through a percentage of assets under management, hourly charges and fixed fees. 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 Burkett Financial Services registered with the SEC?
Yes, Burkett Financial Services has been registered with the SEC as an investment adviser since 29 January 2007. Its CRD number is 140168 and its SEC file number is 801-67535.
Source: Form ADV Part 1A, Item 1, filed 3 February 2026; IAPD firm record
How do I contact Burkett Financial Services?
Burkett Financial Services’ main office is at 128 East Main Street, Suite 101, Rock Hill, SC 29730. Its phone number is 803-980-3232. Its website is burkettfs.com.