Parker Financial provides ongoing investment management based on individual client goals and risk tolerance. They create investment plans and may request authority to make trades without asking first. Parker Financial also offers financial planning services, including tax, insurance, retirement, and estate planning. They may direct clients to third-party money managers like Envestnet or Freedom Advisor, receiving a portion of the fees. Seminars on financial topics may be offered for a fee.
Fee Structure
Parker Financial offers investment management services, typically charging between 0.5% and 2% per year, depending on the size and complexity of your account. Fees are negotiable, and discounts may be available. When using Envestnet/Fidelity, fees are paid quarterly in advance. When using Freedom Advisor/Goldman Sachs, fees are paid monthly in arrears. You can end the contract with thirty days' written notice and receive a refund for the remaining period. Additional fees, such as platform, custodian, trading costs, and regulatory fees, also apply.