{
  "crd_number": 141435,
  "slug": "burrus-salt-lake-city-ut-141435",
  "primary_business_name": "BURRUS",
  "legal_name": "BURRUS FINANCIAL SERVICES, INC.",
  "dbas": [],
  "city": "Salt Lake City",
  "state": "UT",
  "country": "United States",
  "cbsa_code": "41620",
  "metro": {
    "cbsa_code": "41620",
    "common_name": "Salt Lake City",
    "msa_name": "Salt Lake City-Murray, UT",
    "path": "/advisors/ut/salt-lake-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-02-13",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-03-16",
  "carried_forward": false,
  "raum_total": 240658000.0,
  "raum_discretionary": 240658000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 105570000.0,
      "count": 243
    },
    "high_net_worth_individuals": {
      "raum": 135088000.0,
      "count": 79
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AZ",
    "CO",
    "ID",
    "MI",
    "MT",
    "NM",
    "OK",
    "SD",
    "TX",
    "UT",
    "WA",
    "WI",
    "WY"
  ],
  "websites": [
    "https://burrus.biz",
    "https://burrusfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141435",
  "city_as_filed": "SALT LAKE CITY",
  "url": "https://advisorcensus.com/firm/burrus-salt-lake-city-ut-141435",
  "display_name": "Burrus",
  "summary": "Burrus is an SEC-registered investment advisory firm in Salt Lake City, UT, registered since 2015, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.",
  "citation": "AdvisorCensus. Burrus (CRD 141435): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Burrus compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Burrus reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "What does Burrus' brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 16, 2026 states: Up to $1,000,000: 1.35% a year; $1,000,001 to $3,000,000: 1% a year; $3,000,001 to $5,000,000: 0.75% a year; Above $5,000,000: see the brochure. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Burrus located?",
      "a": "Burrus' principal office is in Salt Lake City, UT, according to its Form ADV."
    },
    {
      "q": "Is Burrus registered with the SEC or a state?",
      "a": "Burrus is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 141435."
    },
    {
      "q": "How much does Burrus manage?",
      "a": "Burrus reports $240,658,000 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary)."
    },
    {
      "q": "How have Burrus' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Burrus: Regulatory assets under management: $243,565,227 in the October 2021 data and $240,658,000 in the October 2026 data, down 1%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Burrus serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (243); high net worth individuals (79)."
    },
    {
      "q": "Which custodians does Burrus use?",
      "a": "Burrus' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Burrus report any disciplinary disclosures?",
      "a": "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/141435"
    },
    {
      "q": "What changed in Burrus' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $213,332,000 to $240,658,000 (+13%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 243565227.0,
      "total_employees": 5,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 258153621.0,
      "total_employees": 4,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 202587070.0,
      "total_employees": 4,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 228366950.0,
      "total_employees": 5,
      "filing_date": "2024-08-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 213332000.0,
      "total_employees": 3,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 240658000.0,
      "total_employees": 5,
      "filing_date": "2026-03-16"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $213,332,000 to $240,658,000 (+13%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 16, 2026",
    "tiers": [
      {
        "band": "Up to $1,000,000",
        "rate": "1.35%"
      },
      {
        "band": "$1,000,001 to $3,000,000",
        "rate": "1%"
      },
      {
        "band": "$3,000,001 to $5,000,000",
        "rate": "0.75%"
      },
      {
        "band": "Above $5,000,000",
        "rate": null,
        "note": "Not stated in this schedule; see the brochure."
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $1,000,000: 1.35% a year",
          "$1,000,001 to $3,000,000: 1% a year",
          "$3,000,001 to $5,000,000: 0.75% a year",
          "Above $5,000,000: see the brochure"
        ],
        "quotes": [
          "Annualized Fees\n\nFrom To Per Quarter Per Year\n- $1,000,000 .34% 1.35%\n$1,000,001 $3,000,000 .25% 1.00%\n$3,000,001 $5,000,000 .19% 0.75%\n$5,000,001 and higher Negotiable"
        ]
      }
    ],
    "quotes": [
      "Annualized Fees\n\nFrom To Per Quarter Per Year\n- $1,000,000 .34% 1.35%\n$1,000,001 $3,000,000 .25% 1.00%\n$3,000,001 $5,000,000 .19% 0.75%\n$5,000,001 and higher Negotiable"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/burrus-salt-lake-city-ut-141435.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 243,
      "fewer_than_5": false,
      "raum": 105570000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 79,
      "fewer_than_5": false,
      "raum": 135088000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/141435",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}