83 Financial is a registered investment advisor based in Parker, Texas, founded by Michael Burkhart. The firm provides comprehensive wealth management services, combining ongoing investment management and financial planning. When managing portfolios, 83 Financial creates personalized asset allocation strategies and invests in stocks, bonds, mutual funds, exchange-traded funds, and cash equivalents, operating with full trading authority. Financial planning is included at no extra cost for wealth management clients, covering areas such as retirement planning, tax strategies, cash flow and debt management, estate planning, college savings, and business consulting. Additionally, 83 Financial offers standalone, project-based financial planning for clients seeking help with specific financial questions. The firm operates as a fee-only advisor, meaning all compensation comes directly from client fees rather than commissions or product sales, and maintains no account minimums.
Fee Structure
83 Financial charges a recurring fixed fee for wealth management services, which ranges from $3,000 to $12,000 per year paid monthly in arrears. The exact fee depends on your specific needs, financial complexity, and the time required. Comprehensive financial planning is included at no additional cost as part of this service.