Parkway Advisors, L.P. is a large advisory firm based in Abilene. It manages $2.24 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Kentucky, Missouri, and 3 other states.
Parkway Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Parkway Advisors, L.P. is $2.24 billion. The firm's AUM has grown by 749% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Parkway Advisors, L.P. for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, insurance companies, investment companies, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Parkway Advisors is insurance companies with 21 clients and $2.14 billion of assets under management. Among the 7 most similar advisory firms, Parkway Advisors has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $2.24 billion for 39 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Parkway Advisors doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Parkway Advisors, L.P. performs its advisory services is located at 6550 Directors Parkway, Abilene, TX 79606 5854 The mailing address of the firm is P. O. Box 5225, Abilene, TX 79608 5225. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 325-795-2111 or by fax 325-795-8521. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at parkwayadvisors.com.