C F Parks Inc

C F Parks works with individuals and their families — including high net worth clients — as well as trusts, estates and small business entities. The firm offers discretionary investment management alongside financial planning and tax preparation, with related bookkeeping and payroll services available through an affiliated accounting business.

The firm blends proprietary model portfolios (conservative, moderate and growth) with customized asset allocations, primarily using individual equities and ETFs and, to a lesser extent, institutional mutual funds. Accounts are managed on a discretionary basis with a generally long-term orientation, while the adviser retains the ability to actively trade and rebalance and to provide recommendations for employer retirement plans (implementation of plan recommendations is left to the client).

What distinguishes this firm from many peers is its operating affiliation with an accounting and tax-preparation company that provides business accounting, tax preparation, bookkeeping and payroll services and that the firm discloses consumes a meaningful portion of advisory personnel time; clients may use those services for additional fees but are not required to. The brochure also discloses that full asset-management functionality is tied to the firm’s chosen custodian, and that the firm receives economic benefits from that custodial relationship, which the firm identifies as a potential conflict of interest.