C.L. Parker, Inc. (Houston)

Name: C.L. Parker, Inc.
Address: 14800 Saint Mary's Lane, Houston, TX, 77079 2943
Telephone: 832-476-3495

C.L. Parker, Inc. is a large advisory firm based in Houston. It manages $161.49 million of regulatory assets for 294 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Texas.

C.L. Parker provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

C.L. Parker: assets under management

The assets under management (AUM) of C.L. Parker, Inc. is $161.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 407% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $161.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $549.3 thousand each.

C.L. Parker has custody of $10.06 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is other assets, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay C.L. Parker, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients C.L. Parker serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of C.L. Parker is high net worth individuals with 47 clients and $137.72 million of assets under management. Among the 11 most similar advisory firms, C.L. Parker has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $161.49 million for 77 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.

C.L. Parker doesn't advise any private funds.

Careers at C.L. Parker, Inc.

The company employs 2 people that are either part- or full-time employees. 100 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
Charles Lee Parker	President and chief compliance officer	1 Jan 1996	75% - 100%	1406057

Based in Houston

The principal office where C.L. Parker, Inc. performs its advisory services is located at 14800 Saint Mary's Lane, Houston, TX 77079 2943, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 832-476-3495 or by fax 888-255-2414. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at parkerfeeonly.com.