DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
Former SEC-registered adviser
Bfg Wealth
Legal name Burnett Financial Group, Inc.
Latest filing Jul 23, 2024
First filing on the tape Mar 2, 2018 · 22 filings
RAUM
$182M
reported, Item 5.F
Discretionary
87%
of RAUM
Private clients
87%
$158M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
4
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$182M as of Feb 9, 2024
Feb 27, 2019$101M then
HNW client RAUM$143M as of Feb 9, 2024
Feb 27, 2019$53.4M then
State-registered IARs (5.B.3)3 as of Feb 9, 2024
Feb 27, 20191 then
Employees (5.A)4 as of Feb 9, 2024
Feb 27, 20191 then
Private funds: no history
RAUM +23% over the last fiscal year+4.1% a year over threeIARs 2 to 3
Practice profile
derived from the filing of Jul 23, 2024; every figure names its basis
- RAUM per advisor
- $60.8MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 33derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.5MderivedHNW RAUM over HNW clients
- Average account
- $741,358derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 87%derivedof RAUM
- Institutional
- 13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 3.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +12%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Custody
- $40.9M, 35 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$143M78%
- Pension and profit-sharing plans$23.1M13%
- Individuals$15.4M8.4%
- Insurance companies$1.1M0.6%
- Individual clients
- 44reported
- HNW clients
- 56reported
- Pension plan clients
- 6reported
- Charitable clients
- n/areported
- Accounts
- 246reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- noreported
- Custody of client assets
- $40.9M for 35 clientsreported
- Compensation
- % of AUMreported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Ralph Duane Burnett to Summit Financial, LLCSep 17, 2024 · RIA to affiliated broker-dealer or bank
- Edmund Sean Sullivan to T. Rowe Price Associates, Inc.Aug 3, 2020 · Other
Joined, latest
- Edmund Sean Sullivan from Blackrock Investment Management, LLCAug 21, 2019 · Other
- Ralph Duane Burnett from LPL Financial LLCMay 16, 2013 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Duane Ralph Burnett · Chief Compliance Officercontrolsince 12/2003 · owns less than 5%
- Duane Ralph Burnett · Managing Partnercontrolsince 06/2024 · owns 75% or more of Bfg Holding, Inc.
Entity owners
- Bfg Holding, Inc. · Managing Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Edmond, Ok · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 219 to 246Mar 30, 2023 to Feb 9, 2024
- Advisory employees · 1 to 3Mar 30, 2023 to Feb 9, 2024
- Advisory activities · 3 to 4Mar 30, 2023 to Feb 9, 2024
- Business name · BURNETT FINANCIAL GROUP to BFG WEALTHMar 30, 2023 to Feb 9, 2024
- HNW clients · 60 to 56Mar 30, 2023 to Feb 9, 2024
- Individual clients · 29 to 44Mar 30, 2023 to Feb 9, 2024
- Pension plan clients · 5 to 6Mar 30, 2023 to Feb 9, 2024
- Assets in custody · $15.9M to $40.9MMar 30, 2023 to Feb 9, 2024
- Employees · 3 to 4Mar 30, 2023 to Feb 9, 2024
- Financial planning clients · unset to 101-250Mar 30, 2023 to Feb 9, 2024
- State-registered IARs · 2 to 3Mar 30, 2023 to Feb 9, 2024
- Discretionary RAUM · $132M to $159MMar 30, 2023 to Feb 9, 2024
- HNW RAUM · $124M to $143MMar 30, 2023 to Feb 9, 2024
- Individual RAUM · $7.1M to $15.4MMar 30, 2023 to Feb 9, 2024
- Non-discretionary RAUM · $17.0M to $23.1MMar 30, 2023 to Feb 9, 2024
- Pension RAUM · $17.0M to $23.1MMar 30, 2023 to Feb 9, 2024
- RAUM · $149M to $182MMar 30, 2023 to Feb 9, 2024
- Accounts · 244 to 219Feb 22, 2022 to Mar 30, 2023
- HNW clients · 56 to 60Feb 22, 2022 to Mar 30, 2023
- Individual clients · 25 to 29Feb 22, 2022 to Mar 30, 2023
- Assets in custody · $22.7M to $15.9MFeb 22, 2022 to Mar 30, 2023
- Employees · 1 to 3Feb 22, 2022 to Mar 30, 2023
- State-registered IARs · 1 to 2Feb 22, 2022 to Mar 30, 2023
- Discretionary RAUM · $131M to $132MFeb 22, 2022 to Mar 30, 2023
- HNW RAUM · $122M to $124MFeb 22, 2022 to Mar 30, 2023
- Individual RAUM · $8.3M to $7.1MFeb 22, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $23.4M to $17.0MFeb 22, 2022 to Mar 30, 2023
- Pension RAUM · $22.7M to $17.0MFeb 22, 2022 to Mar 30, 2023
- RAUM · $154M to $149MFeb 22, 2022 to Mar 30, 2023
- Accounts · 249 to 244Mar 8, 2021 to Feb 7, 2022
- Individual clients · 24 to 25Mar 8, 2021 to Feb 7, 2022
- Assets in custody · $65.3M to $22.7MMar 8, 2021 to Feb 7, 2022
- Discretionary RAUM · $108M to $131MMar 8, 2021 to Feb 7, 2022
- HNW RAUM · $132M to $122MMar 8, 2021 to Feb 7, 2022
- Individual RAUM · $7.9M to $8.3MMar 8, 2021 to Feb 7, 2022
- Non-discretionary RAUM · $53.5M to $23.4MMar 8, 2021 to Feb 7, 2022
- Pension RAUM · $20.9M to $22.7MMar 8, 2021 to Feb 7, 2022
- RAUM · $162M to $154MMar 8, 2021 to Feb 7, 2022
- Accounts · 264 to 249Oct 26, 2020 to Mar 8, 2021
- Advisory activities · 4 to 3Oct 26, 2020 to Mar 8, 2021
Signals
8 dated events
- Ralph Duane Burnett left Bfg Wealth for Summit Financial, Llc (registered 2026-01-12)Sep 17, 2024 · Advisor changed firm · fact
- Jennifer Burnett (Co-Trustee) no longer on Schedule A of Bfg Wealth (listed 2024-02-09, absent 2024-07-10)Jul 10, 2024 · Control person left · inference
- Jennifer Burnett (Co-Trustee) appeared on Schedule A of Bfg WealthMar 30, 2023 · Control person joined · fact
- Harrison Dexter Wise (Chief Investment Officer) no longer on Schedule A of Bfg Wealth (listed 2022-02-22, absent 2023-03-30)Mar 30, 2023 · Control person left · inference
- Harrison Dexter Wise (Chief Investment Officer) appeared on Schedule A of Bfg WealthFeb 22, 2022 · Control person joined · fact
- Sean Edmund Sullivan (Chief Investment Officer) no longer on Schedule A of Bfg Wealth (listed 2020-05-15, absent 2020-08-12)Aug 12, 2020 · Control person left · inference
- Sean Edmund Sullivan (Chief Investment Officer) appeared on Schedule A of Bfg WealthSep 20, 2019 · Control person joined · fact
- Burnett Financial Group filed its initial SEC registration (Form ADV)Mar 2, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026