Barker Financial Group, Inc. (Beverly)

Name: Barker Financial Group, Inc.
Address: 152 Conant Street, Beverly, MA, 01915 1600
Telephone: 781-743-2600

Barker Financial Group, Inc. is a large advisory firm based in Beverly. It manages $137.6 million of regulatory assets for 502 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 6 other states.

Barker Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Barker Financial Group: assets under management

The assets under management (AUM) of Barker Financial Group, Inc. is $137.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 333% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $137.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $274.1 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 39% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in investment grade corporate bonds form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Barker Financial Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Theodore Barker serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of James Theodore Barker is individuals with 215 clients and $123.57 million of assets under management. Among the 9 most similar advisory firms, Barker Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $135.99 million for 223 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.

Barker Financial Group doesn't advise any private funds.

Careers at Barker Financial Group, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Theodore Barker	President/chief compliance officer	1 Jan 1998	75% - 100%	1622909

Based in Beverly

The principal office where Barker Financial Group, Inc. performs its advisory services is located at 152 Conant Street, Beverly, MA 01915 1600, which is also the mailing address of the firm. An additional office of the firm is in Bradenton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-743-2600 or by fax 781-221-0069. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at barkerfinancialgroup.com.