Parentebeard Wealth Management LLC (York)


Parentebeard Wealth Management LLC is a large advisory firm based in York. It manages $767.62 million of regulatory assets for 646 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Connecticut, Florida, Maryland, and 4 other states.

Parentebeard Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Parentebeard Wealth Management: assets under management

The assets under management (AUM) of Parentebeard Wealth Management LLC is $767.62 million. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $761.03 million in discretionary accounts and $6.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.18 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.6 million.
Parentebeard Wealth Management has custody of $123 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parentebeard Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Parentebeard Wealth Management LLC

Michelle Jasey Ross joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scott Douglas Michael Chief compliance officer 1 Oct 2009 Other 1976603
Parentebeard Holdings Llc Managing member 1 Oct 2009 75% - 100% 27-1145615
Thomas Keith Williams Chief executive officer 1 Oct 2009 Other 3126354
Michelle Jasey Ross Chief compliance officer 1 Jan 2011 Other 1796736

Based in York

The principal office where Parentebeard Wealth Management LLC performs its advisory services is located at Suite 200, York, PA 17401 2993 The mailing address of the firm is One Liberty Place, Philadelphia, PA 19103. An additional office of the firm is in Cherry Hill, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 717-846-6214 or by fax 717-650-3365. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.parentebeardwealthmanagement.com.