Franklin, Parlapiano, Turner & Welch LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Franklin, Parlapiano, Turner & Welch LLC advises high‑net‑worth individuals, trusts, and estates and provides fee‑only asset management and comprehensive financial planning through its Managed Account Program, including retirement distribution strategies, college planning, and multigenerational wealth management. The firm reports approximately $811,462,871 in discretionary assets under management across about 104 client relationships as of December 31, 2025.
FPTW uses a client intake process and an Investment Policy Statement to place clients into one of seven model allocations (Aggressive Growth to Ultra Conservative) and applies fundamental analysis to select mutual funds, ETFs, individual bonds and equities. With client authorization the firm generally manages accounts on a discretionary basis, performs ongoing monitoring and rebalancing, and offers the FPTW Global Stock Program, which requires purchasing a firm‑selected group of individual stocks for the allocated portion of a portfolio.
Noteworthy distinctions include operating as a wrap‑fee program sponsor that bundles portfolio management, trade execution and custody (typically through Fidelity/NFS) into a single, all‑inclusive fee and generally requiring an aggregate relationship minimum of $3,000,000 (waivable at the firm’s discretion). The firm also provides certain administrative accommodations—such as paying individual tax return preparation for clients that place more than $3,000,000 in the Managed Account Program—and discloses receipt of custodial support services from Fidelity while managing all client assets on a discretionary basis.
Client services
Expertise
Fee options
$0 - $1,000,000: 1.25% annually $1,000,000 - $2,000,000: $12,500 plus 0.70% of amount over $1,000,000 $2,000,000 - $3,000,000: $19,500 plus 0.65% of amount over $2,000,000 $3,000,000 - $6,000,000: $26,000 plus 0.60% of amount over $3,000,000 $6,000,000 - $8,000,000: $44,000 plus 0.50% of amount over $6,000,000 $8,000,000 - $12,000,000: $54,000 plus 0.40% of amount over $8,000,000 $12,000,000 - $50,000,000: $70,000 plus 0.35% of amount over $12,000,000
Account minimum: $3,000,000 Minimum fee: $12,500 minimum annual fee in tier structure (example: $12,500 for $1,000,000 to $2,000,000 asset range) Fee-only: Managed Account Program is a wrap fee program including portfolio management and brokerage services; fees may be negotiable
Main office
15115 Park Row, Suite 140
Houston TX 77084-4945
Advisors at this office
5
Most active in
Louisiana · Texas
Also doing business as
Franklin, Parlapiano, Turner & Welch LLC · Franklin, Turner & Welch LLC · Jerl Franklin, Financial Planner, L.L.C.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Sheldon B
CFP®
Houston, TX
Franklin, Parlapiano, Turner & Welch LLC
Sheldon Black is a CFP® professional at Franklin, Parlapiano, Turner & Welch LLC with two years of industry experience. He has held multiple roles within the firm and previously worked at Mariner. Outside of his advisory duties, he serves as treasurer for the Tanglewilde Civic Club in Houston, where he is involved in organizing activities and bookkeeping. Franklin, Parlapiano, Turner & Welch LLC advises high-net-worth individuals, trusts, and estates, providing fee-only asset management and comprehensive financial planning. The firm uses a structured client intake process and fundamental analysis to manage assets across a range of model portfolios, typically on a discretionary basis.
Joseph D
CFP®, Series 65
Houston, TX
Franklin, Parlapiano, Turner & Welch LLC
Joseph Dyal 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 2014. The firm advises high-net-worth individuals, trusts, and estates, providing fee-only asset management and comprehensive financial planning through its Managed Account Program. Franklin, Parlapiano, Turner & Welch LLC manages discretionary assets using model allocations and fundamental analysis, serving a select client base with a typical minimum relationship of $3,000,000.
Paul T
CFP®
Houston, TX
Franklin, Parlapiano, Turner & Welch LLC
Paul Troyer is a CFP® professional 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. Franklin, Parlapiano, Turner & Welch LLC advises high-net-worth individuals, trusts, and estates, offering fee-only asset management and comprehensive financial planning through its Managed Account Program. The firm employs a client intake process and Investment Policy Statement to allocate portfolios among seven model strategies and utilizes fundamental analysis to select investments, managing approximately $811 million in discretionary assets as of December 31, 2025.
Peter P
Series 65
Houston, TX
Franklin, Parlapiano, Turner & Welch LLC
Peter Parlapiano is a financial advisor at Franklin, Parlapiano, Turner & Welch LLC with 12 years of industry experience. He holds a Series 65 designation and has been with the firm since 2012. Located in Houston, TX, he works as part of a five-advisor team. Franklin, Parlapiano, Turner & Welch LLC serves high-net-worth individuals, trusts, and estates, offering fee-only asset management and comprehensive financial planning. The firm follows a structured investment process using model allocations and fundamental analysis and manages approximately $811 million in discretionary assets across about 104 client relationships.
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 LLC advises high-net-worth individuals, trusts, and estates, offering fee-only asset management and comprehensive financial planning through its Managed Account Program. The firm uses a structured client intake process and applies fundamental analysis to select investments across several model allocations, managing approximately $811 million in discretionary assets.
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