Parkstone Wealth Management, LLC (Arlington)

Name: Parkstone Wealth Management, LLC
Address: 1000 Ballpark Way, Arlington, TX, 76011
Telephone: 817-962-0068

Parkstone Wealth Management, LLC is a large advisory firm based in Arlington. It manages $121.34 million of regulatory assets for 75 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Louisiana and Texas.

Parkstone Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Parkstone Wealth Management: assets under management

The assets under management (AUM) of Parkstone Wealth Management, LLC is $121.34 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 379% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.34 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.62 million each.

Parkstone Wealth Management has custody of $827.04 thousand in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 41% of the total AUM. The second-largest asset type is state and local bonds, which make up 23% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parkstone Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Parkstone Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Parkstone Wealth Management is high net worth individuals with 10 clients and $118.85 million of assets under management. Among the 13 most similar advisory firms, Parkstone Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $121.34 million for 18 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.

Parkstone Wealth Management doesn't advise any private funds.

Careers at Parkstone Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cheryl Fuller Quisenberry	Managing member and chief compliance officer	1 Dec 2013	25% - 50%	3126370
Orlando Thill Hudson	Member	1 Dec 2013	Other	6274360
Chester Alan Straily	Managing member	1 Dec 2013	25% - 50%	4533770

Based in Arlington

The principal office where Parkstone Wealth Management, LLC performs its advisory services is located at 1000 Ballpark Way, Arlington, TX 76011, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-962-0068 or by fax 817-977-7879. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at parkstonewealth.com.