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Business Description |
Our mission at Parkhurst Financial Management, LLC (“PFM”) is to provide our clients with the very best in Financial Planning Services and solutions that lead them to financial independence.
We will make a positive difference in other people's lives and to help them achieve their life's ambitions. We will serve our client's as their Financial Advisor, Consultant, Teacher, Coach and Confidant, and develop relationships with them that will last a lifetime.
At PFM, we are Fee Only Financial Planners offering comprehensive planning services to individuals. We receive no third-party commissions, removing conflicts of interest that may influence an advisor’s recommendation. We work solely for our clients, empowering them to make the best financial decisions possible.
You may have had previous advisors that always delegate your phone calls and needs to his or her assistant(s). At PFM, you will always work directly with Brandon as he built his business model so that his sole focus is personal attention to the client so that there is no miscommunication and long-term attention and care that you deserve and pay for. |
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General Information |
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| Name of Custodial Firm: |
Scottrade
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| States Willing to do Business in: |
All States
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| Years of Experience in Financial Services: |
8
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| Number of Years with Current Firm: |
1
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| Work Experience: |
Ernst & Young, LLP
Senior Tax Consultant
2001 - 2004
Cain Watters & Associates, PLLC
Financial Planner
2004 - 2008
Parkhurst Financial Management, LLC
Owner/Financial Planner
2008 - Present
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| I work with the following types of clients: |
Investment Clubs, Individual Investors, Businesses
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Education |
| Academic Background |
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Master of Science - Accounting (Tax Concentration)
Texas A&M University - 2001
Bachelor of Science - Business Administration (Accounting)
Texas A&M University - 2001 |
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Services |
| Investment Types: |
Bonds, Exchange Traded Funds (ETFs), Alternative Investments, Mutual Funds, Commodities, Socially Responsible Investments (SRI)
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant, Certified Public Accountant (CPA), Personal Financial Specialist (PFS), Certified Divorce Financial Analyst(CDFA), Certified Valuation Analyst (CVA)
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| Securities Licenses: |
Series 65
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| Financial Organization Memberships: |
National Association of Personal Financial Advisors (NAPFA), American Institute of Certified Public Accountants (AICPA), Financial Planning Association (FPA), Garrett Planning Network, Paladin Registry
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| Firm's Number of Clients: |
20
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| Firm's Number of Planning Clients: |
20
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| Firm's Number of Managed Clients: |
20
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| Assets Managed by Firm: |
$2,000,000
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| Advisor's Number of Clients: |
20
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| Advisor's Number of Managed Clients: |
20
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| Advisor's Number of Planning Clients: |
20
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| Assets Managed by Advisor: |
$2,000,000
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Compliance |
| Registered Investment Advisor: |
Yes
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| Registered Representative: |
Yes
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| Investment Advisor Representative: |
Yes
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| I am an acknowledged fiduciary: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-only financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$100000
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| Compensation Methods: |
Hourly, Based on Assets, Flat Fee
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| Fee % Based on Assets: |
1%
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| Additional Details on Charges: |
Financial Planning fee is determined based on the complexity and time involved regarding the client's situation.
Investment Management Fees is based on a percentage of assets that will be invested with PFM.
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| Minimum Fee Charged for Managed Accounts: |
$1,500
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| Minimum Fee Charged for Hourly Planning Accounts: |
$250
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| Minimum Fee Charged for Flat Fee Accounts: |
$1,500
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| Prepared By: |
Brandon R. Parkhurst, CFP®, CPA |
Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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What are your qualifications? What is your education background? |
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M.S. - Accounting (Tax Concentration) - Texas A&M University
B.B.A. - Accounting - Texas A&M University
Certified Public Accountant (CPA)
Certified Financial Planner (CFP)
Certified Valuation Analyst (CVA) |
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What is your approach to financial planning? |
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What services do you offer? |
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* Personal Financial Planning
* Retirement Distribution Planning
* Investment Management
* Divorce Analysis & Planning
* Retirement Plan Design
* Business Valuation & Transition
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| Q. |
How many clients do you currently manage? |
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Will you be the only person working with me? |
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How are you compensated? How will I pay for your services? |
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This depends on the type of services but may include 1) hourly fees 2) Annual fees and 2) % of investment assets that are managed by our firm. |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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| Q. |
Do you offer any guaranteed results? |
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| Q. |
How much risk should I be willing to take? |
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This will depend on your riskl tolerance athat we review annually as well as our ongoing relationship to determine what your goals and desires are for the ultimate accumulation or distribution of your wealth. |
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| Q. |
Have you ever been charged with any breaches? |
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What services do you provide? What are your specialties? |
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* Personal Financial Planning
* Retirement Distribution Planning
* Investment Management
* Divorce Analysis & Planning
* Retirement Plan Design
* Business Valuation & Transition
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| Q. |
What is your experience? How many clients do you currently manage? |
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I have 8 years of personal financial planning experience serving high net worth families and businesses as well as individuals that are wanting to begin the wealth acculumation phase of their lives. |
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What financial institution(s) do you represent? |
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None as I am fee-only and have no attachments with any firm. |
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| Q. |
How do you charge for your services? |
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It deopends on teh type of service the client is wishing to have. Such fee arrangements are based on a flat Fee, percentage of assets that is personally managed by our firm, or an hourly rate for specific services the client wishes to receive. |
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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Our firm provides personal attention in such a way that you will receive the cell phone number from me where you can contact me anytime.
I have many years of experience with comprehensive financial planning as well as investment management for our clients. |
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| Q. |
What are your management fees? |
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The fee depends on the amount invested. The maximum fee is 1% or $1,500 annually. |
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What kind of plans do you specialize in? |
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* 401(k) - Safe Harbor/Cross Tested/Integrated;
* Cash Balance;
* Defined Benefit
* SEP IRA
* SIMPLE IRA |
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Do you have a minimum requirement for number of employees or total investment value? |
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No, only a $1,500 annual minimum fee. |
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What type of plans do you offer? |
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* 401(k) - Safe Harbor/Cross Tested/Integrated;
* Cash Balance;
* Defined Benefit
* SEP IRA
* SIMPLE IRA |
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Do you offer any additional services? |
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* Business Valuation
* Divorce Planning |
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What are your qualifications? |
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* CPA (Certified Public Accountant)
* CFP (Certified Financial Planner)
* CVA (Certified Valuation Analyst)
* CDFA (Certified Divorce Financial Analyst) |
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What is your approach to Education Planning? |
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Depends on the state the client lives in as well as the time to the need for the funds as well as the risk tolerance of the investor and whether the client may or may not have their own business. |
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| Q. |
How long does the process of setting up an Education Plan usually take? |
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One Day from the receipt of all necessary information from the client. |
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| Q. |
What financial institutions do you represent? |
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| Q. |
How many years of experience do you have? |
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What are your fees for this service? |
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$0 - as this is part of my Comprehensive Financial Planning Services to my clients. |
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| Q. |
How many Education Planning clients do you currently manage? |
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Why should I work with you on setting up an Education Plan? |
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Low fees, continuous oversight and independent analysis. |
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| Q. |
Do you provide a free initial consultation? |
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| Q. |
What are your qualifications? |
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* CPA (Certified Public Accountant)
* CFP (Certified Financial Planner)
* CVA (Certified Valuation Analyst)
* CDFA (Certified Divorce Financial Analyst) |
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| Q. |
What is your approach to 401 K plan rollovers? |
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Depends upon the risk tolerance and objectives of the client. |
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| Q. |
How long does the process of rolling over a 401K plan usually take? |
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Depends on when the client hires our firm, appropraite documentation is provided by client, and timlieness of previous custodiation to authorize the transfer. |
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| Q. |
What financial institutions do you represent? |
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How many years of experience do you have? |
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What are your fees for this service? |
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Percentage of assets starting at 1% with a $1,500 annual minimum annual fee. |
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| Q. |
How many 401K rollover clients do you currently manage? |
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| Q. |
Why should I roll over my 401K plan to your firm? |
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Please see philosophy on website. |
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| Q. |
Do you provide a free initial consultation? |
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