# Burrus

> 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.

- CRD: 141435
- Filed as: BURRUS
- Legal name: Burrus Financial Services, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Salt Lake City, UT
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/141435
- AdvisorCensus page: https://advisorcensus.com/firm/burrus-salt-lake-city-ut-141435

## Quick answers

**How is Burrus compensated?**
On its Form ADV (Item 5.E, October 2026), Burrus reports these compensation arrangements: a percentage of assets under its management.

**What does Burrus' brochure say about its fees?**
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.

**Where is Burrus located?**
Burrus' principal office is in Salt Lake City, UT, according to its Form ADV.

**Is Burrus registered with the SEC or a state?**
Burrus is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 141435.

**How much does Burrus manage?**
Burrus reports $240,658,000 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary).

**How have Burrus' assets and staff changed since 2021?**
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.

**What types of clients does Burrus serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (243); high net worth individuals (79).

**Which custodians does Burrus use?**
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.

**Does Burrus 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/141435

**What changed in Burrus' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $213,332,000 to $240,658,000 (+13%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 16, 2026)

- 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

> Annualized Fees From To Per Quarter Per Year - $1,000,000 .34% 1.35% $1,000,001 $3,000,000 .25% 1.00% $3,000,001 $5,000,000 .19% 0.75% $5,000,001 and higher Negotiable

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

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

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: $240,658,000
- Discretionary: $240,658,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 243 | $105,570,000 |
| High net worth individuals | 79 | $135,088,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2015 (11 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AZ, CO, ID, MI, MT, NM, OK, SD, TX, UT, WA, WI, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- burrus.biz
- burrusfinancial.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $243,565,227 | 5 | March 29, 2021 |
| October 2022 | $258,153,621 | 4 | March 31, 2022 |
| October 2023 | $202,587,070 | 4 | March 30, 2023 |
| October 2024 | $228,366,950 | 5 | August 16, 2024 |
| October 2025 | $213,332,000 | 3 | March 27, 2025 |
| October 2026 | $240,658,000 | 5 | March 16, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $213,332,000 to $240,658,000 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Burrus (CRD 141435): Form ADV filing data as of October 2026.