Barnett Investment Counsel, LLC

Barnett Investment Counsel offers discretionary portfolio management to individuals, IRAs, trusts, pension and profit-sharing plans, and small businesses, and provides hourly investment advice for clients who do not have assets under management. The firm reports managing approximately $7 million in discretionary assets and generally charges fees based on a percentage of assets under management, with hourly billing for advice-only engagements.

The adviser constructs individualized portfolios that emphasize high-quality companies, sector positioning based on current economic conditions, asset allocation and diversification, and efforts to limit downside risk and determine reasonable security pricing. Accounts are formally reviewed at least monthly, the firm typically exercises discretionary authority (with clients able to impose investment restrictions), and it may use block trading to promote equitable execution.

Distinctive aspects include ongoing work with pension/profit-sharing plans and business clients and a stated willingness to provide advice to other investment advisers and their clients—client types that are less common for single-advisor independent firms. The brochure also discloses a relationship with an outside sponsor that owns community banks and facilitation of client participation in a private placement held at the custodian, and the firm states that it does not vote client proxies, indicating occasional involvement with nonstandard investments and institutional arrangements.