Parker Advisory Group, Inc (St. George)

Name: Parker Advisory Group, Inc
Address: 20 North Main Street, St. George, UT, 84770
Telephone: 435-628-8773

Parker Advisory Group, Inc is a large advisory firm based in St. George. It manages $145.36 million of regulatory assets for 514 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, Nevada, Texas, and Utah.

Parker Advisory Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting on inv. & non securities matters. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Parker Advisory Group: assets under management

The assets under management (AUM) of Parker Advisory Group, Inc is $145.36 million. The firm's AUM has grown by 17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $140.83 million in discretionary accounts and $4.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $277.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $754.8 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is government bonds, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parker Advisory Group, Inc for their services and products based on hourly charges 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.

What kind of clients Chad William Parker serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Chad William Parker is high net worth individuals with 34 clients and $110.55 million of assets under management. Among the 11 most similar advisory firms, Parker Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.36 million for 164 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.

Parker Advisory Group doesn't advise any private funds.

Careers at Parker Advisory Group, Inc

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Chad William Parker	President/chief compliance officer	1 Nov 2008	75% - 100%	3091614

Based in St. George

The principal office where Parker Advisory Group, Inc performs its advisory services is located at 20 North Main Street, St. George, UT 84770, which is also the mailing address of the firm. An additional office of the firm is in Mesquite, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 435-628-8773 or by fax 435-628-8759. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at parkeradvisor.com.