This section of the brochure tells you about our business, including ownership, and a description
of the services we offer.
Barker Wealth Management, LLC is referred to in this document as “Barker Wealth
Management,” “Company,” “us,” “we,” and “our.” In this document we refer to current and
prospective clients of Barker Wealth Management as “you,” “client,” and “your.” Barker
Wealth Management was created and registered as an investment advisor in 2015 and is
owned by G. Scott Barker. Our Offices are located in Camas, Washington.
Types of Advisory Services
Investment Supervisory Services
Clients enter into a written Investment Advisory Agreement where Barker Wealth
Management and our investment advisor representatives provide asset management
services on a continuous and ongoing basis guided by the individual investment needs and
objectives of the client. Using the information provided by you, the investment advice
provided to you is tailored to your individual situation. We regularly inquire about, and you
are responsible for providing, information about your investment goals, time horizon, and
risk tolerance. Investment supervisory services are generally not provided to all your
holdings or net worth, but rather only to assets and accounts specifically designated by you
and agreed to by us as managed assets. When you engage us for these services you will be
required to grant us ongoing and continuous discretionary authority to execute our
investment recommendations directly within your account held at the custodian without
obtaining your specific consent prior to each transaction. Please see Item 16, “Investment
Discretion,” below for more further details regarding the scope of our discretionary
authority.
Financial Planning and Consulting
Clients who engage us for these services receive a consultation to discuss their unique
financial circumstances, investment objectives and needs, tolerance for risk, time horizon for
investments, and any particular issues of financial concern. We will review pertinent
financial documents and information provided by the client and present the client with our
recommendations. Typically, our recommendations will include a summary of the client’s
financial circumstances and a course of actions and/or investment recommendations
designed to assist the client in achieving the client’s stated financial goals. Our financial
planning and consulting recommendations and any written financial plan or report we may
provide the client under a financial planning agreement is not updated or reviewed following
its initial delivery to the client, unless we specifically agree otherwise.
Financial planning and consulting services are non-discretionary in nature. The client retains
the sole discretion to accept or reject any of our recommendations, in whole or in part, and
is responsible for the implementation of any recommended investments (including the
selection of service providers in connection therewith) and for their ongoing monitoring.
Upon request, we may assist the client with implementation of our financial
recommendations - additional fees may apply. Clients are never obligated to use our firm for
implementation services and are never charged more than $1,200 six (6) or more months in
advance in connection with our financial planning and consulting services.
Some, but not all clients are provided with a written financial plan. If you receive a written
plan as part of these services, we will attempt to provide you with an estimate of future
growth in your net-worth and income. All tax sensitive reports are provided to you as
estimates of future income and estate tax liabilities. These tax sensitive reports are based on
current federal and applicable state laws regarding taxation. Federal and state tax laws are
subject to change and interpretation. All reports, financial statement projections, tax liability
estimates and analysis are intended exclusively for your use in developing and implementing
your financial plan. In view of this limited purpose, un-audited data is collected and used to
produce your financial plan, therefore, any report, financial statement or analysis is to be
considered un-audited as well. Accordingly, you should understand that such financial
statements cannot be used as a representation of wealth, to obtain credit, or for any other
purpose, other than developing a financial plan. Barker Wealth Management will not audit
(examine), review or compile such statements and accordingly, Barker Wealth Management
will not express an opinion or other form of assurance on these financial statements,
including the reasonableness of assumptions and other data on which any financial
statements or projections are based.
There will be differences between projected estimates and the actual results of the plan,
because events and circumstances frequently do not occur as expected. Investment returns
in particular are most volatile and the probability of estimates coming close to actual results
decline with a reduction in the investment-holding period. Barker Wealth Management does
not in any way represent or imply that the investment returns will be similar to estimates
projected in your financial plan. The estimates reflect the historical returns of the various
asset classes, and the past performance of these asset classes does not guarantee that future
results
of these asset classes or your investments will be similar. Barker Wealth Management
uses a proactive investment strategy; therefore, the actual returns of your portfolio will
differ from the financial plan projections. The financial plan is highly dependent on certain
economic assumptions about the future. Therefore, the client should establish familiarity
with historical data regarding key assumptions such as inflation and investment rates of
return, as well as, an understanding of how significantly these assumptions affect the results
of our analyses. We will not express any assurance as to the accuracy or reasonableness of
your specific data and your assumptions. You are ultimately responsible for the assumptions
and personal data that you provide and upon which our procedures and projections are
based. The financial plan assumptions and reports are primarily a tool to alert clients to
certain possibilities. The reports are not intended to nor do they provide any guaranty about
future events including an individual’s investment returns. As described, the
implementation of the plan is solely your responsibility.
The financial plans provided for some of our clients do not address all potential aspects of
financial planning. Typically, our plans address retirement planning, college funding, and
estate planning. Risk management issues such as life, health, disability, and long-term care
insurance are not always addressed in every financial plan, and you are encouraged to ask
specifically about these issues. Our financial plans are not intended to nor should they be
considered to be advice about law or your legal rights and responsibilities, accounting or tax
planning, the avoidance of tax penalties or interest or preparation of your tax return. We do
not provide legal or tax advice of any kind. You are encouraged to seek competent legal and
tax advice before implementing any recommendation made in a written financial plan.
Retirement Plan Consulting Services
We offer retirement plan consulting services to qualified retirement plans and their
fiduciaries based upon the needs of the plan and the services requested by the plan sponsor
or named fiduciary. In general, these services may include a review of an existing plan,
formulation of the investment policy statement, assistance selecting and monitoring plan
service providers and/or investments, recommendations regarding investment selection,
on-going consulting, portfolio management services, and participant enrollment and
investment education services.
Where retirement plan consulting services are provided to a plan regulated under ERISA, we
will provide services to the plan sponsor and/or named fiduciaries as described above for
the fees set forth in Item 5 of this brochure. In providing services to any plan and its
underlying participants, our status is that of an investment advisor registered under the
Investment Advisers Act of 1940. We are not subject to any disqualifications under Section
411 of the Employee Retirement Income Security Act of 1974 (“ERISA”). We may offer
fiduciary services acting as a fiduciary of the plan as defined in ERISA Section 3(21), or as an
investment manager as defined in ERISA Section 3(38). In all cases, disclosure of our status
under ERISA when providing these services will be clearly set forth in a written advisory
agreement with the client. If there is any discrepancy between the disclosures in this
paragraph and the agreement, the agreement shall govern.
Types of Investments Used
We consider many different types of securities when formulating the investment advice we
provide to you. If you come to us with existing investments, we evaluate them with respect
to your financial goals, risk tolerance, and investment time horizon. Depending upon your
situation, your account(s) managed by us may contain individual stocks, corporate and/or
government bonds, mutual funds, or exchange traded funds (“ETFs”). In some situations, we
may recommend that real estate be part of your investment portfolio.
Tailored Services and Investment Restrictions
We attempt to tailor your investment portfolio to your situation as you have described it to
us. This is why it is so important that you promptly advise us throughout our relationship
about changes to your financial situation, goals, or investment time horizon. You may impose
restrictions on investing in certain securities or types of securities. You must clearly identify
these restrictions in writing to us.
Non-Transaction Fee (NTF) Mutual Funds
When selecting investments for our clients’ portfolios we might choose mutual funds on your
account custodian’s Non-Transaction Fee (NTF) list. This means that your account custodian
will not charge a transaction fee or commission associated with the purchase or sale of the
mutual fund.
The mutual fund companies that choose to participate in your custodian’s NTF fund program
pay a fee to be included in the NTF program. The fee that a mutual fund company pays to
participate in the program is ultimately borne by the owners of the mutual fund including
clients of Barker Wealth Management.
Assets Under Management
Barker Wealth Management currently manages approximately $155,363,779 of client funds
on a discretionary basis and $4,235,747 on a non-discretionary basis. These totals were
calculated as of December 31, 2023.