Parkway Advisors, L.P. (Abilene)

Name: Parkway Advisors, L.P.
Address: 6550 Directors Parkway, Abilene, TX, 79606 5854
Telephone: 325-795-2111

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.

Parkway Advisors: assets under management

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 firm manages $2.22 billion in discretionary accounts and $16.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $51.71 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.01 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 66% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in government bonds form 7% of the total invested assets.

Fees & Commissions

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.

What kind of clients Parkway Advisors serves?

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.

Careers at Parkway Advisors, L.P.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Parkway Advisors Group	General partner	1 Apr 2001	Other	91-2114448
Inc. Parkway Advisors Holdings	Limited partner	1 Apr 2001	75% - 100%	88-0491776
Theron Robert Holladay	Chief investment analyst	1 Apr 2001	Other	4396270
Carl Peterson	Ceo	1 Apr 2001	Other	4396266
Carl Clayton Peterson	Ceo / president	1 Apr 2001	Other	4396266
Theron R Holladay	Vice president	1 Apr 2001	Other	4396270
Carl C Peterson	Ceo / president	1 Apr 2001	Other	4396266
Thomas William Alesi	Vice president	1 Jul 2002	Other	2535253
Paul B Ordonio	Vice president / general counsel	1 Aug 2002	Other	4584143
Paul Buena Ordonio	Vice president / general counsel / chief compliance officer	1 Aug 2002	Other	4584143
Lisa Lynn Davidson	Vice president of operations	1 Apr 2008	Other	5530924
Jennifer Suzanne Richardson	Chief compliance officer	1 May 2009	Other	4306442
Theron R Holladay	Ceo / president	1 Jul 2010	Other	4396270
Lisa Lynn Davidson	Chief operating officer	1 Jul 2010	Other	5530924

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. The Seale Family	Owner	1 Jul 1994	25% - 50%	75-2560013
Billy Kris Seale	General partner	1 Jul 1994	25% - 50%	4396728
Marsha Seale Moore	Limited partner	1 Jul 1994	25% - 50%	4396729
Billy Joe Seale	General partner	1 Jul 1994	Other	4396723
Inc. Directors Investment Group	Parent company	1 Apr 2001	75% - 100%	88-0350827

Based in Abilene

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.