Parrott Wealth Management

Financial Advisor in Austin, TX

Firm Info
Address: 6500 River Pl Blvd Building 7, Suite 250, Austin, TX 78730, USA
Phone: (512) 813-7642

Firm Size
Assets Under Management: $161.1 million
# of Advisors: 2
# of Clients: 343
Client to Advisor Ratio: 172:1
Average Account Size: $469,752
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Selection of Others Advisors

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
  • Percentage of Assets Under Management (AUM)
  • Fixed Fees (Other than subscription)

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Parrott Wealth Management, LLC Overview

Parrott Wealth Management, LLC is an investment advisory firm based in Austin, TX. Founded in 2021, this firm has a fee-only fee arrangement, meaning that they are compensated solely through the fees charged for their services. Customers do not need to worry about hidden charges or commissions with this type of fee arrangement. As an investment advice only firm, Parrott Wealth Management specializes in providing personalized financial planning and portfolio management services to both individuals and small businesses. They offer various investment strategies and advice on how to best manage your investments to maximize your returns. In addition to their own services, Parrott Wealth Management assists customers with selecting other advisors when necessary. They partner with other firms to help clients access specialized solutions that are beyond their scope of expertise. This investment advisory firm is committed to providing their customers with a comprehensive approach to financial wellness and wealth management.

PARROTT WEALTH MANAGEMENT, LLC is a prestigious firm that caters to a range of clients seeking financial guidance and advisory services. Their client base is diverse and their expertise extends to serving both individual investors and high net worth individuals. The firm takes pride in their ability to tailor their services to match the unique needs of each client, providing personalized investment strategies and advice. When it comes to the fee structure, PARROTT WEALTH MANAGEMENT, LLC offers two primary options based on the services provided. For clients who prefer to have their assets managed on an ongoing basis, the firm charges a percentage of assets under management (AUM). This fee structure incentivizes the firm to generate higher returns, as the management fee increases in proportion to the growth in AUM. Alternatively, for clients who prefer a more hands-on approach to managing their assets, PARROTT WEALTH MANAGEMENT, LLC offers fixed fees. This option is ideal for those who want to receive advisory services on an as-needed basis, without committing to an ongoing investment management relationship. Overall, PARROTT WEALTH MANAGEMENT, LLC is committed to providing flexible and transparent fee structures that align with their clients' needs and objectives.

Typical Clients, Fee Structures & Investment Minimum

According to Parrott Wealth Management, LLC's Part 2 Brochure, there is no mention of an investment minimum.

How This Office Can Help Austin, TX Residents

Parrott Wealth Management is a financial planning and investment management firm that helps clients in Austin, TX navigate the complexities of their financial lives. Their team of experienced professionals offers a range of services, including retirement planning, investment management, tax planning, and estate planning. They work closely with each client to develop a personalized financial plan designed to meet their unique needs and goals, whether that be saving for retirement, building wealth, or protecting their assets. As a resident of Austin, TX, one might face a variety of financial situations, such as navigating the high cost of living in the city, paying off student loans, or saving for retirement while managing student loan debt. Additionally, with the robust job market in the city, individuals may be looking for ways to maximize their income and investment opportunities. At Parrott Wealth Management, clients can expect personalized financial advice and investment strategies designed specifically for their unique financial situation, helping them to achieve their financial goals and find financial security in a rapidly changing world.

Services Offered by Parrott Wealth Management, LLC

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 Parrott Wealth Management, LLC 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.

Percentage of Assets Under Management (AUM)
Fixed Fees (Other than subscription)
Subscription (Newsletter or Periodical)
Performance-based Fees

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

Firm location 6500 River Pl Blvd Building 7, Suite 250, Austin, TX 78730, USA
Phone (512) 813-7642
Google My Business Reviews:
5 Stars

Other Office Locations

This firm has no other locations.

State Registrations

Parrott Wealth Management, LLC is registered to service clients in the following states:

  • California
  • Texas

Disciplinary History

Parrott Wealth Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.