Parkway Advisors, L.P

CRD#112629
Investment Advisor Firm

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Learn more about Parkway Advisors, L.P

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Parkway Advisors, L.P is located at 6550 Directors Parkway, Abilene, TX. The firm employs 11 financial advisors to manage client portfolios and provide financial guidance. Parkway Advisors, L.P is not a registered broker-dealer.

    The firm oversees $3.5 billion in assets under management across 59 accounts, with 56 discretionary accounts and 3 non-discretionary accounts. Services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, pension consulting services, and other services. Parkway Advisors, L.P serves retail investors, investment companies, pension plans, insurance companies, and corporations. The fee structure includes asset-based and fixed fees. Insurance companies represent the largest client type by accounts. The firm maintains an affiliation with an insurance company or agency.

    Parkway Advisors, L.P is registered in the states of Florida, Kentucky, Ohio, Oklahoma, Missouri, and Texas.

    Assets Under Management

    $3.5 billion

    Number of Advisors

    11

    Disclosures

    No

    Office Location

    6550 Directors Parkway
    Abilene, TX 79606-5854

    Parkway Advisors, L.P by the Numbers

    Total Assets Under Management

    $3.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    17

    National Average: 64
    Total Number of Accounts

    59

    National Average: 375,227
    Average Account Size

    $59.5 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees usually are based on the type of services offered. However, fees charged by Parkway Advisors, L.P can include some combination of the following fee types: asset-based and fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company. The firm can withdraw the charges directly from customer funds.

    Available

    • Offered by 69% 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 32% of firms

      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.

    Unavailable

    • Find one of the 21% 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 1% 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 26% of firms that offer this fee type

      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.

    • Find one of the 0% 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 10% 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

    Parkway Advisors, L.P works with a broad range of investors. It works with retail investors, investment companies, pension plans, insurance companies, and corporations. Out of its 59 clients, Parkway Advisors, L.P's largest client group by number of accounts is insurance companies. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 5.08%
    • Corporations - 94.92%
    • 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

    Parkway Advisors, L.P does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Parkway Advisors, L.P

    Bryce Bevill
    Abilene, TX
    Theron Holladay
    Abilene, TX
    Colton Weems
    Abilene, TX
    Kyle Timmermann
    Abilene, TX
    Nicholas Chapman
    Abilene, TX
    Trevor Rupe
    Abilene, TX
    Phyo Wai Yan Win Swe
    Abilene, TX
    Jennifer Richardson
    Abilene, TX
    Theron Holladay
    Abilene, TX

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