Parkside Investments, LLC (Deerfield)

Name: Parkside Investments, LLC
Address: 570 Lake Cook Road, Deerfield, IL, 60015
Telephone: (312) 778-7700

Parkside Investments, LLC is a large advisory firm based in Deerfield. It manages $528.81 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Illinois, Tennessee, and Texas.

Parkside Investments provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Parkside Investments: assets under management

The assets under management (AUM) of Parkside Investments, LLC is $528.81 million. The firm's AUM has grown by 220% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $494.78 million in discretionary accounts and $34.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $791.54 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is state and local bonds, which make up 11% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Parkside Investments, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Parkside Investments serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Parkside Investments is high net worth individuals with 97 clients and $413.97 million of assets under management. Among the 10 most similar advisory firms, Parkside Investments has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $455.75 million for 138 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Parkside Investments also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Parkside Investments, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alan (Nmn) Cole	Manager, president	1 Jul 2016	75% - 100%	3035430
Dawn Henderson Keach	Chief compliance officer	1 Apr 2018	Other	2835372

Based in Deerfield

The principal office where Parkside Investments, LLC performs its advisory services is located at 570 Lake Cook Road, Deerfield, IL 60015, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (312) 778-7700 or by fax (312) 778-7701. The normal business hours are 8:00am-4:00pm on Monday - Friday. You can find more information about the New York firm at parksideinv.com.