Firm Description
Burrus Financial Services, Inc. (“Burrus Financial”) is an SEC-registered investment adviser
with its principal place of business located in Salt Lake City, Utah. Burrus Financial began
conducting business in 2007.
Burrus Financial provides personalized confidential financial planning and investment
management to individuals, high net worth individuals, corporations or other small businesses.
Advice is provided through consultation with the client and may include: determination of
financial objectives, identification of financial problems, cash flow management, tax planning,
insurance review, investment management, education funding, retirement planning, and
estate planning.
Burrus Financial is strictly a fee-only financial planning and investment management firm. The
firm does not receive commissions for purchasing or selling annuities, insurance, stocks, bonds,
mutual funds, limited partnerships, or other commissioned products. No commissions in any
form are accepted. No finder’s fees are accepted.
Investment advice is an integral part of financial planning. In addition, Burrus Financial advises
clients regarding cash flow, college planning, retirement planning, tax planning, and estate
planning.
Burrus Financial may be deemed to have constructive custody of certain client assets due to (i)
Burrus’ ability to deduct fees directly from client accounts, and/or (ii) having access to client log
in information to help manage outside assets such as 401(k) plans, retirement plans, pension
plans etc. The client always maintains asset control. Burrus Financial places trades for clients
under a limited power of attorney.
Periodic reviews are also communicated to provide reminders of the specific courses of action
that need to be taken. More frequent reviews occur but are not necessarily communicated to the
client unless immediate changes are recommended.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are engaged directly by
the client on an as-needed basis. Conflicts of interest will be disclosed to the client in the
unlikely event they should occur.
The initial meeting, which may be by telephone, is free of charge and is considered an
exploratory interview to determine the extent to which financial planning and investment
management may be beneficial to the client.
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Principal Owners
Jeffrey B. Bland owns 100% of Burrus Financial Services, Inc.
Types of Advisory Services
As of December 31, 2021 Burrus Financial manages approximately $258 million in assets
for approximately 380 clients. All assets are managed on a discretionary basis. We do not
manage any accounts on a non-discretionary basis.
Burrus Financial provides asset management services; manages investment advisory accounts
performed on a discretionary basis. Burrus
Financial does not offer or sponsor a wrap fee
program.
➢ Investment Advisory Services & Financial Planning Services
Most clients choose to have Burrus Financial manage their assets in order to obtain ongoing in-
depth advice. All aspects of the client’s financial affairs are reviewed. Realistic and measurable
goals are set and objectives to reach those goals are defined. As goals and objectives change
over time, suggestions are made and implemented on an ongoing basis. Detailed investment
advice and specific recommendations are provided as part of a financial plan. Implementation of
recommendations is at the discretion of the client.
The scope of work and fee for an Investment Advisory Agreement may be provided to the client
in writing prior to the start of the relationship. An investment Advisory Agreement may include:
cash flow management: insurance review: investment management (including performance
reporting): education planning; retirement planning; estate planning; and tax planning, as well as
the implementation of recommendations within each area.
The financial plan is an additional service provided at no extra cost or obligation to our clients.
The financial plan may include but is not limited to: a net worth statement; a cash flow
statement; a review of investment accounts, including reviewing asset allocation and providing
repositioning recommendations; strategic tax planning; a review of retirement accounts and plans
including recommendations; one or more retirement scenarios; estate planning review and
recommendations.
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Tailored Relationships
The goals and objectives for clients are documented in our client relationship management
system. Clients may impose restrictions on investing in certain securities or types of securities.
Asset Management
Assets are invested primarily in no-load or low-load mutual funds and exchange-traded funds,
usually through discount brokers or fund companies. Fund companies charge each fund
shareholder an investment management fee, along with other fees related to the ownership of
mutual funds. These fees are disclosed in the fund prospectus. Discount brokerages may charge
a transaction fee for the purchase of some funds. Burrus Financial does not receive any
compensation, in any form, from fund companies.
Stocks and bonds may be purchased or sold through a brokerage account when appropriate. The
brokerage firm may charge a transaction fee for stock and bond trades.
Investments may also include: equities (stocks), warrants, corporate debt securities, commercial
paper, certificates of deposit, municipal securities, investment company securities (variable life
insurance, variable annuities, and mutual funds shares) and U.S. government securities. Initial
public offerings (IPOs) are not available through Burrus Financial.