Parkstone Wealth Management, LLC
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Overview
Parkstone Wealth Management, LLC is a financial advisory firm based in Arlington, Texas. Parkstone Wealth Management, LLC administers $170.7 million in assets over 83 customer accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). The firm has a small group, including 3 financial advisors. Parkstone Wealth Management, LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are exchangable financial investments such as equities, options and bonds.
Parkstone Wealth Management, LLC manages all of its accounts in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction judgments for the client's account without needing the client's permission. The investment advisory firm supervises roughly $2.1 million for every client account. An average financial advisor at Parkstone Wealth Management, LLC manages around 28 client accounts, making it about average in terms of personalization.
The company's main office is at 1000 Ballpark Way, Arlington, Texas 76011. The company is legally permitted to provide services to clients throughout a number of states, including Louisiana and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Parkstone Wealth Management, LLC by the Numbers

$170.7 million

3

83

$2.1 million
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Products and Services
Parkstone Wealth Management, LLC provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the past financial year, it provided 10-Jan of its clients with financial planning services. It does not sell products or offer services apart from investment advice to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 47% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 21% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors typically are based on the type of services offered. However, fees billed by Parkstone Wealth Management, LLC likely are comprised of some blend of the following fee types: asset-based, hourly or fixed. The company does not provide a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 70% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 33% of firms
Fixed
Unavailable
Types of Clients
The company works with retail investors, high net worth investors and charitable organizations. Out of its 83 customers, Parkstone Wealth Management, LLC's biggest client type by number of accounts is retail investors, but it also serves seven high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 36.84%
- Other Individuals - 57.89%
- Corporations - 0%
- Charitable Organizations - 5.26%
* 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
Parkstone Wealth Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Parkstone Wealth Management, LLC
Arlington, TX
Arlington, TX
Arlington, TX
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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.
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