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About Parkhurst Consulting CPA PC |
Parkhurst Consulting offers small businesses and high net worth individuals a complete financial solution through progressive accounting, tax and wealth management services. We specialize in listening to our clients and then executing a plan that will support their personal and business growth goals.
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While exemplifying the traditional values you expect in a CPA firm?integrity, service, and commitment, we hold true to a new way of doing business. We are accessible, passionate about you and your business, and want to partner in your success in a manner that is comfortable and convenient for you. With you in mind, we offer a simple fixed-fee pricing structure to eliminate unexpected fees. Most firms bill on an hourly basis, but we believe there is a better way. As our client, you gain membership with access to an exclusive list of services designed to enhance your financial position. |
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General Information |
| Years of Experience in Financial Services: |
10
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| Work Experience: |
Ernst & Young, LLP
Senior Tax Consultant
2001 - 2004
Cain Watters & Associates, PLLC
Financial Planner
2004 - 2008
Parkhurst Consulting CPA PC
Owner/CPA/Financial Planner
2008 - Present
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| States Licensed in: |
TX, CO, OH
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| Name of Custodial Firm: |
Scottrade/Schwab/SEI
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| Number of Years with Current Firm: |
4
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| Work with the following types of clients: |
Investment Clubs, Businesses, Individual Investors, Non-Profit Organizations
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| States Willing to do Business in: |
All States
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Education |
| Academic Background |
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Master of Science - Accounting (Tax Concentration)
Texas A&M University - 2001
Bachelor of Science - Business Administration (Accounting)
Texas A&M University - 2001 |
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Services |
| Investment Types: |
Mutual Funds, Bonds, Stocks, Commodities, Exchange Traded Funds (ETFs), Alternative Investments, Socially Responsible Investments (SRI)
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| Can meet clients in the following ways: |
Your Office, Email, Phone, Our Office, Your Home
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Certified Valuation Analyst (CVA), Certified Divorce Financial Analyst(CDFA), Certified Public Accountant (CPA), Personal Financial Specialist (PFS), CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 65
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| Financial Organization Memberships: |
Paladin Registry, Garrett Planning Network, Financial Planning Association (FPA), American Institute of Certified Public Accountants (AICPA), National Association of Personal Financial Advisors (NAPFA)
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Firm Information |
| Assets Managed by Firm: |
$5,000,000
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| Assets Managed by Advisor: |
$5,000,000
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| Advisor's Number of Clients: |
20
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| Firm's Number of Clients: |
50
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| Advisor's Number of Planning Clients: |
20
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| Advisor's Number of Managed Clients: |
20
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| Firm's Number of Planning Clients: |
50
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| Firm's Number of Managed Clients: |
50
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Compliance |
| Criminal Disclosures in Last 5 years: |
Have a clean record
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| Compliance Disclosures in Last 5 years: |
Have a clean record
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| Registered Investment Advisor: |
Yes
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| Registered Representative: |
Yes
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| Investment Advisor Representative: |
Yes
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| Acknowledged fiduciary: |
Yes
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Compensation and Fees |
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| Fee % Based on Assets: |
1%
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| Additional Details on Charges: |
Financial Planning fee is determined based on the complexity and time involved regarding the client's situation.
Investment Management Fees is based on a percentage of assets that will be invested with PFM.
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| Compensation Methods: |
Based on Assets, Hourly, Flat Fee
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| Minimum Portfolio Size for New Managed Accounts: |
$50,000
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| Minimum Fee Charged for Managed Accounts: |
$500
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| Minimum Fee Charged for Hourly Planning Accounts: |
$250
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| Minimum Fee Charged for Flat Fee Accounts: |
$1,500
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Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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What are your qualifications? What is your education background? |
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How are you compensated? How will I pay for your services? |
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If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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| Q. |
How many clients do you currently manage? |
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This depends on the type of services but may include 1) hourly fees 2) Annual fees and 2) % of investment assets that are managed by our firm. |
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| Q. |
Will you be the only person working with me? |
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Do you offer any guaranteed results? |
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| Q. |
How much risk should I be willing to take? |
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This will depend on your riskl tolerance athat we review annually as well as our ongoing relationship to determine what your goals and desires are for the ultimate accumulation or distribution of your wealth. |
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| Q. |
Have you ever been charged with any breaches? |
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What is your approach to financial planning? |
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It depends on the type of service the client is wishing to have. Such fee arrangements are based on a flat Fee, percentage of assets that is personally managed by our firm, or an hourly rate for specific services the client wishes to receive. |
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| Q. |
What services do you offer? |
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Parkhurst Consulting offers small businesses and high net worth individuals a complete financial solution through progressive accounting, tax and wealth management services. We specialize in listening to our clients and then executing a plan that will support their personal and business growth goals. |
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| Q. |
Why should I choose you as my financial advisor? |
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M.S. - Accounting (Tax Concentration) - Texas A&M University
B.B.A. - Accounting - Texas A&M University
Certified Public Accountant (CPA)
Certified Financial Planner (CFP)
Certified Valuation Analyst (CVA) |
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| Q. |
How do you charge for your services? |
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* Personal Financial Planning
* Accounting/Tax Payroll
* Investment Management
* Divorce Analysis & Planning
* Retirement Plan Design
* Business Valuation & Transition
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| Q. |
What services do you provide? What are your specialties? |
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* Personal Financial Planning
* Retirement Distribution Planning
* Investment Management
* Divorce Analysis & Planning
* Retirement Plan Design
* Business Valuation & Transition
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| Q. |
What is your experience? How many clients do you currently manage? |
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I have 10 years of personal financial planning experience serving high net worth families and businesses as well as individuals that are wanting to begin the wealth acculumation phase of their lives. |
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| Q. |
What financial institution(s) do you represent? |
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None as I am fee-only and have no attachments with any firm. |
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| Q. |
What are your management fees? |
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The fee depends on the amount invested. Our fee schedule is discussed during the meeting so that we can screen quality clients that want to be a part of our community. |
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What kind of plans do you specialize in? |
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* 401(k) - Safe Harbor/Cross Tested/Integrated;
* Cash Balance;
* Defined Benefit
* SEP IRA
* SIMPLE IRA |
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| Q. |
Do you have a minimum requirement for number of employees or total investment value? |
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| Q. |
What type of plans do you offer? |
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* 401(k) - Safe Harbor/Cross Tested/Integrated;
* Cash Balance;
* Defined Benefit
* SEP IRA
* SIMPLE IRA |
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| Q. |
Do you offer any additional services? |
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* Business Valuation
* Divorce Planning |
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| Q. |
What are your qualifications? |
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* CPA (Certified Public Accountant)
* CFP (Certified Financial Planner)
* CVA (Certified Valuation Analyst)
* CDFA (Certified Divorce Financial Analyst)
* ACFE (Association of Certified Fraud Examiners) |
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| Q. |
What is your approach to Education Planning? |
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Depends on the state the client lives in as well as the time to the need for the funds as well as the risk tolerance of the investor and whether the client may or may not have their own business. |
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| Q. |
How long does the process of setting up an Education Plan usually take? |
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One Day from the receipt of all necessary information from the client. |
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| Q. |
What financial institutions do you represent? |
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None - I am Fee Only. I utilize Schwab/Scottrade/SEI as my current investment custodians. |
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| Q. |
How many years of experience do you have? |
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What are your fees for this service? |
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$0 - as this is part of my Comprehensive Financial Planning Services to my clients. |
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| Q. |
How many Education Planning clients do you currently manage? |
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Why should I work with you on setting up an Education Plan? |
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Low fees, continuous oversight and independent analysis. |
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| Q. |
What are your qualifications? |
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* CPA (Certified Public Accountant)
* CFP (Certified Financial Planner)
* CVA (Certified Valuation Analyst)
* CDFA (Certified Divorce Financial Analyst) |
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| Q. |
What is your approach to 401 K plan rollovers? |
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Depends upon the risk tolerance and objectives of the client. |
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| Q. |
How long does the process of rolling over a 401K plan usually take? |
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Depends on when the client hires our firm, appropraite documentation is provided by client, and timlieness of previous custodiation to authorize the transfer. |
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| Q. |
What financial institutions do you represent? |
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| Q. |
How many years of experience do you have? |
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What are your fees for this service? |
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Percentage of assets starting at 1% with a $1,500 annual minimum annual fee. |
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| Q. |
How many 401K rollover clients do you currently manage? |
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| Q. |
Why should I roll over my 401K plan to your firm? |
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Please see philosophy on website. |
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