Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Pension Consulting Services
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Blue Barn Wealth Overview
Blue Barn Wealth is a registered investment advisory firm located in Orem, UT. The firm operates on a fee-only basis, which means that clients pay for advice and services exclusively and not through commissions. This approach ensures that the firm acts in the best interest of its clients. The firm has been in business since 2020 and specializes in investment advice for individuals and small businesses, as well as businesses or institutional clients. Blue Barn Wealth offers a range of services tailored to the unique needs of its clients. The firm provides financial planning services, which can help clients in developing strategies to reach their financial goals. Additionally, the firm offers portfolio management services designed to help clients build and maintain a diversified investment portfolio. The firm also provides pension consulting services, which can help business owners navigate the complexities of offering pension plans to their employees. In addition to these services, Blue Barn Wealth offers educational seminars and workshops aimed at educating clients about investment strategies, financial planning, and other relevant topics. The firm also provides services related to selecting other advisors, helping clients find professionals with specialized expertise to assist them with specific financial needs. Overall, Blue Barn Wealth is a client-focused firm that provides personalized advice and services to help clients achieve their financial goals.
BLUE BARN WEALTH is a financial firm that serves a broad range of client types. They cater to individuals who need assistance with investments and financial planning, as well as high net worth individuals, providing tailored investment strategies and asset allocation advice. Additionally, they work with pension and profit sharing plans, offering comprehensive investment advice and guidance. BLUE BARN WEALTH's wealth management services are designed to meet the unique needs of each client, and they employ a team of experts who are skilled in a wide range of financial disciplines. When it comes to fee structures, BLUE BARN WEALTH offers a variety of options to cater to the needs of their clients. Depending on the service provided, clients have the option to select a percentage of assets under management (AUM), hourly rates, or fixed fees. The percentage of AUM fee structure is typically reserved for high net worth clients, and it's a percentage of the value of assets that the firm manages on behalf of the client. Hourly rates are ideal for clients who only need specific services and advice, while fixed fees are best for clients who require a comprehensive financial plan or ongoing management services. BLUE BARN WEALTH's fee structures are clear and transparent, ensuring that clients are aware of the costs associated with any service they require.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure of Blue Barn Wealth does not mention any note about investment minimums. Hence, we cannot determine what their investment minimum is based on the information available in their Part 2 Brochure. It is advisable to contact the firm directly or consult with a financial advisor to know more about their investment policies and minimum requirements.
How This Office Can Help Park City, UT Residents
As a Utah-based registered investment advisory firm, Blue Barn Wealth is well positioned to assist clients in Park City with their financial planning needs. Park City residents tend to have a unique set of financial circumstances due to the high cost of living, high property values, and the seasonal nature of the economy. Additionally, many individuals in Park City are former professional athletes or entrepreneurs who have experienced a significant influx of wealth in a relatively short period of time. Blue Barn Wealth provides assistance with investment management, financial planning, and risk management strategies. They work closely with clients to create personalized investment portfolios that are tailored to meet their specific goals, such as building wealth, generating income, or preserving capital. The firm is also able to help Park City residents navigate the complexities of estate planning, tax planning, and retirement planning, all of which are particularly important in this region due to the high levels of wealth and corresponding complexity of financial situations. Overall, Blue Barn Wealth is well-equipped to provide the financial guidance and support that many Park City residents require.
Services Offered by Blue Barn Wealth
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Blue Barn Wealth most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8:30 AM–4:30 PM
- Tue 8:30 AM–4:30 PM
- Wed 8:30 AM–4:30 PM
- Thu 8:30 AM–4:30 PM
- Fri 8:30 AM–4:30 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Blue Barn Wealth is registered to service clients in the following states:
- California
- Nevada
- Texas
- Utah
- Washington
Disciplinary History
Blue Barn Wealth does not have any disclosures. Please visit it's Form ADV for more details.