Mykel Barnes
Mykel Barnes is a registered investment advisor at Spc, based in Ann Arbor, MI, with 28 years of industry experience. Mykel operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 30,881 clients with $5.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
SPC offers investment management through the SIGMA Managed Account program. Clients pay an annual account management fee based on a percentage of their account assets. The fee includes a program fee and the IAR's compensation. For example, if your account AUM is $1,500,000, the first $500,000 is billed at 2.50%, the next $250,000 at 1.75%, the next $250,000 at 1.50%, and the remaining $500,000 at 1.25%. The maximum annual advisory fee is 2.5%. The program fee is 0.15% on all assets. There is a $30 minimum annual program fee.
SPC also offers direct-at-fund programs where clients pay an annual asset-based investment management fee of 0.5%.
Location
300 Parkland Plaza, Ann Arbor, MI, 48103
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
November 2009Other Business ActivitiesSells Insurance
Mykel is an independent insurance agent selling various insurance products and assists his spouse in her business. He is also an area pastor, owns rental properties, and is a trustee for a family member's trust, while dedicating full-time hours to Victory Financial Group LLC.
Employment History
Current Registrations
Spc
Sigma Financial CorporationBroker
Previous Registrations
Fifth Third Securities, INC.
Fifth Third Securities, INC.Broker
Ameriprise Financial Services, INC.Broker
State Registrations15 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.