Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
- Other
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Hourly
- Fixed Fees (Other than subscription)
- Other
Parker Advisory Group, Inc Overview
Parker Advisory Group, Inc is a Fee Only registered investment advisory firm located in St. George, UT. Since its establishment in 2017, the firm has been committed to providing investment advice only to its clients. As a Fee Only advisory firm, Parker Advisory Group does not receive any commissions from third parties, which ensures that their advice is unbiased and in the best interest of their clients. The firm offers a wide range of financial services, which includes financial planning, portfolio management for individuals and small businesses, and the selection of other advisors. Parker Advisory Group also provides consulting services on investment and non-securities matters, which ensures that their clients receive comprehensive advice on their financial goals. Overall, Parker Advisory Group, Inc is a reliable and trustworthy financial advisory firm that has a strong commitment to its clients. With their expert financial advice and wealth management strategies, the firm ensures that their clients' investment goals are met, and their financial security is well taken care of.
PARKER ADVISORY GROUP, INC serves a diverse range of clients including individuals and high net worth individuals seeking investment and financial planning advice. Their expert team of advisors works closely with each client to understand their unique financial goals, providing personalized solutions and a customized approach to portfolio management. To meet each client's specific needs, the firm offers a variety of fee structures, including hourly fees, fixed fees, and other types of fees based on the services provided. Clients can choose the fee structure that best suits their financial situation and investment preferences. All fees are transparently presented and agreed upon upfront, ensuring a clear understanding of the costs involved in working with PARKER ADVISORY GROUP, INC. Overall, the firm is committed to providing exceptional client service and helping each client achieve their financial objectives.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Parker Advisory Group, Inc, there is no mention of an investment minimum. Therefore, it is unclear what their investment minimum may be.
How This Office Can Help Washington County, UT Residents
Parker Advisory Group is a financial planning and investment management firm that assists clients in Washington County, UT, with various financial situations. Many individuals living in Washington County may be facing retirement planning, college savings planning, or investment management needs. Parker Advisory Group provides comprehensive financial planning services designed to help clients achieve their financial goals, asset allocation strategy, and portfolio management, tax and estate planning, and risk management. Retirees or retirees-to-be in Washington County might have questions about Social Security, Medicare, and other retirement benefits available to them. The firm provides personalized retirement plans and investment portfolios to ensure clients maximize their retirement income. Parker Advisory Group also works with college students or parents of future college students to develop a long-term college savings strategy, and provide investment solutions designed to help families achieve their education goals. The firm is equipped to help clients evaluate various investment vehicles, such as 529 plans and tax-advantaged savings accounts, to make sure their college savings plan is tailored to their unique circumstances.
Services Offered by Parker Advisory Group, Inc
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Parker Advisory Group, Inc most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
Parker Advisory Group, Inc is registered to service clients in the following states:
- Arizona
- Nevada
- Texas
- Utah
Disciplinary History
Parker Advisory Group, Inc does not have any disclosures. Please visit it's Form ADV for more details.