Parkstone Wealth Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$189,703,550
Clients
21
Advisors
3
of 3 employees
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
Expertise
Fee options
$0 - $3,000,000: 1.50% - 2.00% $3,000,001 - $10,000,000: 1.25% $10,000,001+: 1.00%
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
1000 Ballpark Way, Suite 302
Arlington TX 76011
Advisors at this office
3
Most active in
Louisiana · Texas
Also doing business as
Parkstone Wealth Management, LLC · Tactical Advisor 10, LLC
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
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.
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.
Michael S
CFP®, Series 63, Series 66
Arlington, TX
Parkstone Wealth Management, LLC
Michael Simpton is a CFP® professional with 14 years of experience in the financial industry. He has worked at Parkstone Wealth Management, LLC since 2016 and previously held roles at SPC and Alamo Asset Advisors. Outside of his advisory work, he is a partner and company treasurer at MPMD Transport, LLC, a freight transportation business. 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 manages portfolios tailored to client goals and risk tolerance, using a combination of fundamental, quantitative, and technical analysis with a long-term trading approach.
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