Scott Barks
Scott Barks is a registered investment advisor at Barnes Wealth Management Group, based in Bakersfield, CA, with 20 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Insurance Planning, and 2 more. Their firm serves 833 clients with $410M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.30% |
| $250K - $500K | 1.20% |
| $500K - $1000K | 1.10% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.90% |
| $5M+ | 0.80% |
Advisory fee is negotiable depending on individual client circumstances. At BWMG's discretion, they may combine the account values of family members living in the same household to determine the applicable advisory fee.
Fee Estimator
Location
5060 California Ave., Suite 600, Bakersfield, CA, 93309
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Scott is a partner/owner of First Solutions Insurance Services since 2004, offering life, health, and disability insurance, taking about half of his time. He is also the president of Scott C. Barks Insurance Services, Inc., where commissions for non-variable insurance flow, dedicating minimal time, and a partner at Finhealth Insurance Services, focusing on employee benefits, life, and health, spending minimal time.
Employment History
Current Registrations
Barnes Wealth Management Group
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
LPL Financial LLC
LPL Financial LLCBroker
Princor Financial Services CorporationBroker
Locust Street Securities, INC.Broker
State Registrations1 state
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.