# Barnes Pettey Financial Advisors, LLC

> Barnes Pettey Financial Advisors, LLC is an SEC-registered investment advisory firm in Clarksdale, MS, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 20, 2026.

- CRD: 142944
- Filed as: BARNES PETTEY FINANCIAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Clarksdale, MS
- Filing period: October 2026
- Form ADV filing dated: August 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/142944
- AdvisorCensus page: https://advisorcensus.com/firm/barnes-pettey-financial-advisors-llc-clarksdale-ms-142944

## Quick answers

**How is Barnes Pettey Financial Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Barnes Pettey Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.

**How much does Barnes Pettey Financial Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated August 20, 2026 states: Flat fee: $750 to $3,000 (financial planning services); Hourly rate: $200 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Barnes Pettey Financial Advisors, LLC located?**
Barnes Pettey Financial Advisors, LLC's principal office is in Clarksdale, MS, according to its Form ADV; the September 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Barnes Pettey Financial Advisors, LLC registered with the SEC or a state?**
Barnes Pettey Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142944.

**How much does Barnes Pettey Financial Advisors, LLC manage?**
Barnes Pettey Financial Advisors, LLC reports $1,310,474,780 in regulatory assets under management in its Form ADV filing dated August 20, 2026 (95% discretionary).

**How have Barnes Pettey Financial Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Barnes Pettey Financial Advisors, LLC: Regulatory assets under management: $1,071,744,484 in the October 2021 data and $1,310,474,780 in the October 2026 data, up 22%. Total employees: 16 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Barnes Pettey Financial Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,079); high net worth individuals (945); other (191).

**Which custodians does Barnes Pettey Financial Advisors, LLC use?**
Barnes Pettey Financial Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James & Associates, Inc. and Raymond James Trust Company of New Hampshire as custodians holding 10% or more of its separately managed account assets.

**Does Barnes Pettey Financial Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142944

**Does Barnes Pettey Financial Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated August 20, 2026 says: "Barnes Pettey does not impose a minimum portfolio size or a minimum initial investment to open an account. However, Barnes Pettey does reserve the right to accept or decline a potential client for any reason in its sole discretion."

**What changed in Barnes Pettey Financial Advisors, LLC's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated August 20, 2026)

- Account minimum: None (the brochure says it may be waived or negotiated)

> Barnes Pettey does not impose a minimum portfolio size or a minimum initial investment to open an account. However, Barnes Pettey does reserve the right to accept or decline a potential client for any reason in its sole discretion.

- Flat fee: $750 to $3,000 (financial planning services)

> Clients that are receiving financial planning services are charged only a fixed fee ranging from $750 to $3,000, depending upon the complexity of a client’s plan and services provided.

- Hourly rate: $200 an hour (financial planning services)

> In the alternative clients that are receiving financial planning services may only be charged an hourly fee rate up to $200.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Raymond James & Associates, Inc.
- Raymond James Trust Company of New Hampshire

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,310,474,780
- Discretionary: $1,239,287,611
- Non-discretionary: $71,187,169

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 2,079 | $321,690,366 |
| High net worth individuals | 945 | $666,700,127 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 17 | $33,290,320 |
| Charitable organizations | 18 | $41,499,235 |
| Corporations or other businesses not listed above | 53 | $30,959,756 |
| Other | 191 | $216,334,976 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2007 (19 years)
- Employees: 13 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, CA, CO, FL, GA, LA, MS, NC, NE, SC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Grenada, MS
- Madison, MS
- Memphis, TN
- Oxford, MS

### Websites listed on Form ADV (Item 1.I)
- barnespettey.com
- Facebook @BARNESPETTEYFINANCIAL
- LinkedIn @BARNES-PETTEY-FINANCIAL-ADVISORS-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,071,744,484 | 16 | July 9, 2021 |
| October 2022 | $1,208,129,477 | 18 | September 16, 2022 |
| October 2023 | $965,199,417 | 18 | March 22, 2023 |
| October 2024 | $1,087,865,356 | 15 | March 5, 2024 |
| October 2025 | $1,123,122,793 | 15 | July 28, 2025 |
| October 2026 | $1,310,474,780 | 13 | August 20, 2026 |

Regulatory assets under management: $1,071,744,484 in the October 2021 data and $1,310,474,780 in the October 2026 data, up 22%.
Total employees: 16 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $1,123,122,793 to $1,310,474,780 (+17%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Barnes Pettey Financial Advisors, LLC (CRD 142944): Form ADV filing data as of October 2026.