Wealth manager, independent · Clarksdale, MS
Barnes Pettey Financial Advisors, LLC
SEC-registered investment adviser · CRD 142944 · SEC 801-67555
At a glance
Barnes Pettey Financial Advisors, LLC is an SEC-registered investment adviser based in Clarksdale, Mississippi, with $1.3B in regulatory assets under management as of its Form ADV filed August 20, 2026. It reports 3,024 individual clients, 945 of them high-net-worth, holding an average of about $0.3 million each, and 13 employees. That ranks it 850th among the nation’s 5,657 independent wealth management RIAs and 3rd of 22 in Mississippi. It reports Raymond James as the custodian for its clients’ separately managed accounts.
Main office 662-627-2225barnespettey.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #850 of 5,657
- Rank among all SEC RIAs
- #4,628 of 17,210
- Rank in Mississippi
- #3 of 22
- Individual clients
- 3,024
- High-net-worth clients
- 945
- Accounts
- 3,303
- Discretionary
- 95% of AUM
- Employees
- 13
- Advisory staff
- 8
- Offices
- 6
Owners and executives on its Form ADV
- Holmes S. PetteyManaging Member
- Gerald A. SmithManaging Member
- Susan M BrodnickChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Barnes Pettey Financial Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 945 | $667M | 51% |
| Individuals | 2,079 | $322M | 25% |
| Other | 191 | $216M | 17% |
| Charitable organizations | 18 | $41M | 3% |
| Pension and profit sharing plans | 17 | $33M | 3% |
| Corporations or other businesses | 53 | $31M | 2% |
Disciplinary disclosures
Barnes Pettey Financial Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗barnespettey.com ↗
AtlasMembers
The full record on Barnes Pettey Financial Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,822 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Mississippi
All of Mississippi →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Hardy Reed, LLCTupelo | $2.9B | 351 |
| MAG CapRidgeland | $1.7B | 1,437 |
| Financial ConceptsColumbus | $1.1B | 2,518 |
Background
Questions
How much does Barnes Pettey Financial Advisors, LLC manage?
Barnes Pettey Financial Advisors, LLC reports $1.3B in regulatory assets under management across 3,303 accounts, 95% of it on a discretionary basis, on its Form ADV filed August 20, 2026.
How many clients does Barnes Pettey Financial Advisors, LLC have?
It reports 3,024 individual clients: 945 high-net-worth individuals and 2,079 other individuals. Individuals account for about 75% of its regulatory assets.
Where is Barnes Pettey Financial Advisors, LLC headquartered?
Its main office is in Clarksdale, Mississippi. It reports 6 offices in total and 13 employees, 8 of whom perform investment advisory functions.
How does Barnes Pettey Financial Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Barnes Pettey Financial Advisors, LLC use?
It reports Raymond James as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed August 20, 2026, it reports these amounts held: Raymond James ($1.1B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Barnes Pettey Financial Advisors, LLC a hybrid RIA with a broker-dealer?
Barnes Pettey Financial Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Barnes Pettey Financial Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Barnes Pettey Financial Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Barnes Pettey Financial Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →