Parkman Healthcare Partners LLC

CRD#300701
Investment Advisor Firm

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Overview

Parkman Healthcare Partners LLC operates as a financial advisory firm located in Stamford, Connecticut. It manages $418.1 million in total assets over five accounts, making it one of the larger firms in the nation by assets under management (AUM). It has a small team of six employees, of which four are financial advisors. Parkman Healthcare Partners LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable fiscal assets such as stocks, options and bonds.

Parkman Healthcare Partners LLC administers all of the company's client assets in a discretionary manner. Discretionary management signifies that transaction decisions for the client's account are made by a portfolio manager without requiring the customer's permission. The advisory firm administers roughly $83.6 million for each client account. An average financial advisor at Parkman Healthcare Partners LLC manages around one client account, placing it among the most individualized financial advisor firms in the country.

Parkman Healthcare Partners LLC's headquarters is at 700 Canal Street, Stamford, Connecticut 6902. The company is legally allowed to serve investors in the state of Connecticut.

Assets Under Management

$418.1 million

Number of Advisors

4

Disclosures

No

Office Location

700 Canal Street
Stamford, CT 06902

Parkman Healthcare Partners LLC by the Numbers

Total Assets Under Management

$418.1 million

National Average: $3.7 billion
Total Number of Employees

6

National Average: 29
Total Number of Accounts

5

National Average: 2,073
Average Account Size

$83.6 million

National Average: $1.8 million

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Fee Structure

Fees charged by financial advisors typically vary depending on which services are provided. However, fees billed by the company likely consist of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Parkman Healthcare Partners LLC.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Parkman Healthcare Partners LLC works with pooled investment vehicles. Out of its five clients, Parkman Healthcare Partners LLC's biggest client group by number of accounts is pooled investment vehicles. Around 40% of the firm's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Parkman Healthcare Partners LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA