Parks Capital Management LLC (New York City)

Parks Capital Management LLC is an investment adviser to an investment company based in New York City. It manages $14.9 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2018.

Parks Capital Management provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Parks Capital Management: assets under management

The assets under management (AUM) of Parks Capital Management LLC is $14.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $14.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.45 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parks Capital Management LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Parks Capital Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Parks Capital Management is pooled investment vehicles with 1 clients and $8.95 million of assets under management. Among the 4 most similar advisory firms, Parks Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $14.9 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Parks Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Parks Capital Management LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kevin R Parks has served as the Chief Investment Officer since 1 Aug 2016. Brian Christopher Casey joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin R Parks	Chief investment officer	1 Aug 2016	75% - 100%	5365178
Brian Christopher Casey	Chief operations officer	1 Feb 2017	Other	6072546
Brian Christopher Casey	Chief compliance officer	1 Feb 2018	Other	6072546

Based in New York City

The principal office where Parks Capital Management LLC performs its advisory services is located at 401 Park Ave South, New York City, NY 10016, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646 470 9749. The normal business hours are 9am-5pm on Monday - Friday.