Parkstone Wealth Management, LLC

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Client assets under management

$189,703,550

Clients

71% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Very Low

Average account size

$9,033,502

About

Parkstone Wealth Management provides discretionary wealth management and integrated financial planning for individuals, high‑net‑worth households, trusts, estates, charitable organizations and business entities. The firm serves a small, concentrated client roster and implements ongoing portfolio management tailored to each client’s goals and risk tolerance, typically under asset‑based advisory arrangements.

PWM documents each client’s Investment Plan and generally manages accounts on a discretionary basis, selecting securities and executing transactions without prior client approval. The firm combines fundamental, quantitative and technical analysis, emphasizes broad asset allocation across equities, ETFs, mutual funds and fixed income, and maintains a long‑term trading orientation with regular portfolio monitoring.

Notable operational features include a relatively large amount of assets under management given the firm’s three‑advisor structure and a small client base, resulting in high assets per client. The firm directs clients to a single custodian (RBC Capital Markets), pays trading commissions and transaction costs on behalf of clients while also receiving software and institutional trading benefits from that custodian, and treats financial planning as part of its standard management service rather than a standalone offering.

Client services

Financial planning Portfolio management

Expertise

Wealth management Cash flow / budgeting General tax planning

Fee options

Percentage

$0 - $3,000,000: 1.50% - 2.00% $3,000,001 - $10,000,000: 1.25% $10,000,001+: 1.00%

Other

Account minimum: $3,000,000 Minimum fee: Minimum annual fee of $25,000, may be waived at firm's discretion Fee-only: Asset-based portfolio management fees charged quarterly, no commissions

Main office location

Parkstone Wealth Management, LLC

1000 Ballpark Way, Suite 302

Arlington TX 76011, United States

Number of offices

Most active in

Louisiana · Texas

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

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

Quick links

Website 817-962-0068

Advisors at this firm

Cheryl Q

Series 63, Series 66

Arlington, TX

Parkstone Wealth Management, LLC

Cheryl Quisenberry is a financial advisor at Parkstone Wealth Management, LLC in Arlington, TX, holding Series 63 and Series 66 licenses with 20 years of industry experience. She has been with Parkstone Wealth Management since 2013. Parkstone Wealth Management provides discretionary portfolio management and integrated financial planning services primarily to high net worth individuals, trusts, estates, and charitable organizations. The firm employs a long-term, diversified investment approach supported by fundamental, quantitative, and technical analysis.

Wealth management Cash flow / budgeting General tax planning

Chester S

Series 63, Series 66

Arlington, TX

Parkstone Wealth Management, LLC

Chester Straily is a financial advisor at Parkstone Wealth Management, LLC in Arlington, TX, holding Series 63 and Series 66 registrations with 17 years of industry experience. He has been with Parkstone Wealth Management since 2013. Parkstone Wealth Management provides discretionary portfolio management and integrated financial planning services primarily to high net worth individuals, trusts, estates, charitable organizations, and business entities. The firm emphasizes individualized investment plans implemented through long-term trading and broad asset allocation, managing a concentrated client base with a high assets-per-client focus.

Wealth management Cash flow / budgeting General tax planning

Michael S

CFP®, Series 63, Series 66

Arlington, TX

Parkstone Wealth Management, LLC

Michael Simpton is a CFP® professional with 13 years of industry experience, currently serving at Parkstone Wealth Management, LLC since 2016. He holds Series 63 and Series 66 licenses and is based in Arlington, TX. Outside of his advisory role, he is a partner and company treasurer in a freight transportation business and has limited partnership interests in an equipment leasing company. Parkstone Wealth Management, LLC offers discretionary portfolio management and integrated financial planning services to individuals, high net worth clients, trusts, estates, charitable organizations, and business entities. The firm emphasizes individualized investment plans implemented through long-term trading, broad asset allocation, and ongoing monitoring, serving a small, concentrated client base with high assets per client.

Wealth management Cash flow / budgeting General tax planning

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