Holmes & Turner Financial Services, Inc. (Denver)


Holmes & Turner Financial Services, Inc. is a related adviser based in Denver. It manages $50.51 million of regulatory assets for 72 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Colorado, and Montana.

Holmes & Turner Financial Services provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Holmes & Turner Financial Services: assets under management

The assets under management (AUM) of Holmes & Turner Financial Services, Inc. is $50.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $50.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $701.51 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is investment and business development companies, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Holmes & Turner Financial Services, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David John Turner serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David John Turner is high net worth individuals with 15 clients and $46.29 million of assets under management. Among the 3 most similar advisory firms, Holmes & Turner Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $50.51 million for 43 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Holmes & Turner Financial Services doesn't advise any private funds.

Careers at Holmes & Turner Financial Services, Inc.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David John Turner has been acting as President since 1 Sep 1998. Timothy James Kenkel joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David John Turner President 1 Sep 1998 Other 2233405
Ernest John Turner Vice-president 1 Sep 1998 Other 4525172
Brandon Allen Henry Chief compliance officer 1 Oct 2006 Other 3272258
Kelli Allyson Douglas Chief compliance officer 1 Mar 2009 Other 3187553
John Joseph Vansant Chief compliance officer 1 Dec 2010 Other 4584363
Duane William Moulton Shareholder 1 Jan 2012 Other 6071252
Laura Lynn Turner Shareholder 1 Jan 2012 Other 6071273
William Bruce Hebron Shareholder 1 Jan 2012 Other 6071272
Timothy James Kenkel Chief compliance officer 1 Mar 2013 Other 2547899

Based in Denver

The principal office where Holmes & Turner Financial Services, Inc. performs its advisory services is located at 950 17 Th Street, Denver, CO 80202, which is also the mailing address of the firm. An additional office of the firm is in Bozeman, MT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 303-292-1121 or by fax 303-292-2942. The normal business hours are 7:30am - 4:00pm on Monday - Friday.