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Franklin, Parlapiano, Turner & Welch LLC

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Client assets under management

$811,462,871

Clients

104

100% high-net worth

Advisors

4

of 9 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

More info

Clients per advisor

26

Very Low

Average account size

$7,802,528

About

Franklin, Parlapiano, Turner & Welch LLC provides fee-only asset management and financial planning services to individual clients, including high-net-worth individuals, as well as trusts and estates. The firm manages discretionary portfolios through its Managed Account Program and supplements investment management with retirement, college, and multigenerational planning services.

The firm’s investment process relies on fundamental analysis and a set of model allocations that are tailored to client risk profiles; portfolios are overseen by an internal Investment Committee with quarterly reviews and ongoing monitoring. Client portfolios can include mutual funds, ETFs, individual stocks and bonds, and the firm offers an optional Global Stock Program that allocates a portion of a Managed Account to a firm-selected basket of individual equities.

Compared with many peers, FPTW is a wrap-fee program sponsor, operating an all-inclusive Managed Account Program that covers portfolio management and trade execution under the program structure. The firm also discloses that some managed accounts may employ a broader set of instruments, and its disclosures indicate use of derivatives in separately managed accounts — a practice that is uncommon among similar team advisory firms — and it provides certain ancillary services for larger managed-account clients such as coverage of individual tax return preparation.

Client services

Financial planning Portfolio management

Expertise

General retirement planning College savings (529s, UTMA, etc.) Multi-generational wealth transfer

Fee options

Percentage

$0 - $1,000,000: 1.25% of amount over $0 plus $0 minimum fee $1,000,000 - $2,000,000: 0.70% of amount over $1,000,000 plus $12,500 minimum fee $2,000,000 - $3,000,000: 0.65% of amount over $2,000,000 plus $19,500 minimum fee $3,000,000 - $6,000,000: 0.60% of amount over $3,000,000 plus $26,000 minimum fee $6,000,000 - $8,000,000: 0.50% of amount over $6,000,000 plus $44,000 minimum fee $8,000,000 - $12,000,000: 0.40% of amount over $8,000,000 plus $54,000 minimum fee $12,000,000 - $50,000,000: 0.25% of amount over $12,000,000 plus $70,500 minimum fee

Other

Account minimum: $3,000,000 Minimum fee: $0 to $70,500 depending on account size tier Fee-only: Managed Account Program is a wrap-fee program; all-inclusive fee including trade execution and portfolio management

Main office location

Franklin, Parlapiano, Turner & Welch LLC

15115 Park Row, Suite 140

Houston TX 77084-4945, United States

Number of offices

1

Most active in

More info

Louisiana · Texas

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 281-599-3129

Advisors at this firm

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user avatar

Joseph D

CFP®, Series 65

Houston, TX

Franklin, Parlapiano, Turner & Welch LLC

Joseph Dyal is a CFP® with 18 years of experience in the financial advisory industry. He has been with Franklin, Parlapiano, Turner & Welch LLC since 2014. The firm primarily serves high-net-worth individuals, trusts, and estates, offering portfolio management through discretionary and nondiscretionary arrangements. Its investment approach incorporates fundamental analysis and customized model portfolios, with a notable proprietary wrap fee Managed Account Program and a Global Stock Program.

General retirement planning College savings (529s, UTMA, etc.) Multi-generational wealth transfer
user avatar

Paul T

CFP®

Houston, TX

Franklin, Parlapiano, Turner & Welch LLC

Paul Troyer is a CFP® with 20 years of industry experience, currently serving at Franklin, Parlapiano, Turner & Welch LLC since 2010. He is based in Houston, TX, and is part of a five-advisor team at the firm. Franklin, Parlapiano, Turner & Welch primarily serves high-net-worth individuals, trusts, and estates, offering portfolio management on both discretionary and nondiscretionary bases. The firm sponsors a proprietary wrap fee Managed Account Program along with a Global Stock Program, employing fundamental analysis and customized model portfolios across a broad range of investment instruments.

General retirement planning College savings (529s, UTMA, etc.) Multi-generational wealth transfer
user avatar

Peter P

Series 65

Houston, TX

Franklin, Parlapiano, Turner & Welch LLC

Peter Parlapiano is a financial advisor at Franklin, Parlapiano, Turner & Welch LLC in Houston, TX, with 12 years of industry experience. He holds a Series 65 designation and has been with the firm since 2012. Franklin, Parlapiano, Turner & Welch primarily serves high-net-worth individuals, trusts, and estates, offering portfolio management on both discretionary and nondiscretionary bases. The firm sponsors a proprietary wrap fee Managed Account Program alongside a separate Global Stock Program, employing a fundamental analysis approach with customized model portfolios.

General retirement planning College savings (529s, UTMA, etc.) Multi-generational wealth transfer
user avatar

John P

CFP®, Series 65

Houston, TX

Franklin, Parlapiano, Turner & Welch LLC

John Parlapiano is a CFP® and holds a Series 65 license with 18 years of industry experience. He has been with Franklin, Parlapiano, Turner & Welch LLC since 2013. Franklin, Parlapiano, Turner & Welch primarily serves high-net-worth individuals, trusts, and estates, offering portfolio management through both discretionary and nondiscretionary arrangements. The firm sponsors a proprietary wrap fee Managed Account Program alongside a separate Global Stock Program, using a fundamental analysis approach with seven model portfolios tailored via Investment Policy Statements and periodic rebalancing.

General retirement planning College savings (529s, UTMA, etc.) Multi-generational wealth transfer
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