Most of our clients are individuals, but we also work with pension plans, businesses, charities, trusts and estates. We give advice on – but don’t necessarily recommend – all types of securities, ranging from government bonds through mutual funds to commodities. We engage in fundamental security analysis. Our main sources of information are financial newspapers & magazines, research materials prepared by others, corporate rating services, annual reports and company press releases.
Our main investment strategy is investing for the long-term, but under certain circumstances we will recommend short-term investments. On occasion, we may buy or sell securities that we recommend to you. No conflict of interest exists as the securities we recommend are widely held and publicly traded. We are too small an adviser/investor to effect the market. Regardeless we always place your interests ahead of our own. We review managed accounts daily and financial accounts and plans annually. The calendar is the triggering factor. Accounts at other money managers are reviewed when we get their statements usually quarterly. We don’t prepare regular reports for you. You’ll get statements from your broker/dealers, mutual funds and other money managers, as appropriate.
We do not earn sales commissions by selling securities. We do sell insurance products. Clients should be aware that a conflict of interests exists between the interests of Parker Financial LLC and the interests of the clients; and that the client is under no obligation to act upon the recommendations of Parker Financial LLC; and if the client elects to act upon any of the recommendations, the client is under no obligation to effect the transaction through Parker Financial LLC. We do not compensate anyone, either directly or indirectly for client referrals.
Our minimum size for client accounts is $500,000. When we manage your accounts on a discretionary basis, we limit our discretionary authority by prohibiting ourselves from withdrawing funds and/or securities from your accounts. In addition, discretionary transactions are limited to stocks & bonds, mutual funds and government securities.