Parkway Advisors, L.P
Answer a few questions and
get matched with an advisor.
Learn more about Parkway Advisors, L.P
Overview
Parkway Advisors, L.P is an advisory company that has its headquarters in Abilene, Texas. The company controls $3.2 billion in total assets across 53 customer accounts, making it one of the largest financial advisory firms in the nation by assets under management (AUM). It has a small group, including 8 financial advisors. Parkway Advisors, L.P does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like stocks, bonds and options.
Parkway Advisors, L.P oversees 51 of the company's client assets in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell judgments for the client's account without requiring the client's consent. It also administers two non-discretionary accounts totaling $240.9 million in assets. Parkway Advisors, L.P oversees an average of $60.2 million for each client account. The typical advisor at Parkway Advisors, L.P manages around seven client accounts, placing it among the more personalized advisor firms in the country.
The company's main office is located at 6550 Directors Parkway, Abilene, Texas 79606-5854. Parkway Advisors, L.P is legally registered to serve clients throughout a few states, including Florida, Kentucky, Missouri, Ohio, Oklahoma and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Parkway Advisors, L.P by the Numbers
$3.2 billion
14
53
$60.2 million
Fee Structure
A financial advisor's fees vary depending on which services the firm provides the client. However, fee types charged by Parkway Advisors, L.P likely include some blend of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm manages money for a number of different customers. The company caters to retail investors, investment companies, pension plans, insurance companies and corporations. Out of its 53 accounts, Parkway Advisors, L.P's biggest client is insurance companies. None of the company's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 5.66%
- Corporations - 94.34%
- 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.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Parkway Advisors, L.P does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
Financial Advisors at Parkway Advisors, L.P
Abilene, TX
Abilene, TX
Abilene, TX
Abilene, TX
Abilene, TX
Abilene, TX
Abilene, TX
Abilene, TX
Abilene, TX
Not sure which advisor is right for you? Use our matching tool
Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.