2225 East Bayshore Road
Suite 200
Palo Alto, CA 94303
Firm Overview
Parkworth Wealth Management offers personal financial planning, investment management, tax and other wealth management services on a Fee-Only basis to families and individuals throughout the San Francisco Bay Area.
Whether affluent, financially comfortable or just beginning to build wealth, we work with families and individuals who are motivated to continuously improve their financial situation and who can benefit from our comprehensive, multidisciplinary approach to managing their personal finances.
Because we hold a special position of trust and confidence in working with clients, we hold ourselves to a fiduciary standard. As fiduciaries, we put clients' interests above all other considerations and act with undivided loyalty to our clients. This includes disclosure of how we are compensated and any conflicts of interest.
Parkworth Wealth Management is not affiliated with any investment product firm or insurance company. We do not sell products or receive commissions on product sales. Our only compensation is fees paid by clients for the service and advice we provide.
This removes conflicts of interest and helps to ensure you receive impartial advice.
Working With Us
Interactions between Parkworth Wealth Management and our clients follow a comfortable rhythm that balances regularly scheduled meetings designed to keep clients on track with ad hoc communication that allows us to be responsive to issues that arise in clients' lives.
Each of our principals and our client services staff make contributions in different areas of the service delivery process depending on individual client needs. Working in this way allows each member of our team to specialize in an area of expertise while ensuring each client situation is reviewed in depth from multiple perspectives.
Recommendations, advice and client deliverables are internally peer reviewed to ensure our services are of consistently high quality.
We work to create a relaxed, comfortable and supportive atmosphere for clients to explore, define and accomplish their financial goals, and to have their ongoing financial needs met. At the same time, we carry out our work with the timeliness and professionalism that you expect from your most trusted financial partner.
Personal Financial Management
Drawing on the firm's broad expertise, we are able to take a comprehensive, multidisciplinary approach to managing your complete personal financial environment. This comprehensive approach means that we can also consider the many complex interactions among your various financial areas.
We advise and manage in all areas of your personal financial life including:
- Financial Strategy and Cash Management
- Investment Management
- Tax Planning and Compliance
- Estate Planning
- Asset Protection and Risk Management
- Retirement, Education and Benefits
Our Process
The process for getting started as a client begins with the initial planning and implementation phase. During the initial planning and implementation phase, you receive a comprehensive set of deliverables organized around a flexible meeting schedule designed to allow completion and initial implementation of your strategic financial plan and investments plan within three to six months, depending on the complexity of your situation.
While the specifics vary according to each client's particular situation, our initial work together touches all areas of the service and follows this general outline:
First Meeting - Goal Setting and Data Gathering- Second Meeting - Preliminary Plans Presentation
- Third Meeting - Final Plans Presentation
- Fourth Meeting – Implementation
- Fifth Meeting - Estate Plan and Implementation
- Ongoing Management
Investment Approach
Our approach to investing has a basis in over fifty years of research, several Nobel prizes and decades of successful use among institutional investors.
In addition, we focus special attention on the challenging issues unique to private investors in minimizing taxes and meeting changing cash flow needs from a portfolio over an investor's lifetime.
The key ideas behind our investment process are:
- Asset allocation is the primary determinant of a broadly diversified portfolio's performance.
- Market timing and individual security selection are far less important in determining performance.
- Portfolio return is related to risk. Generally, the more risk the greater the return.
- Diversification is essential. Investors are not compensated for the additional risk of concentrated investments.
- Passive, not active management, is preferred.
- Reducing expenses and minimizing taxes increases net return.
- Rebalancing maintains portfolio structure and risk level.
- Asset location is powerful in reducing taxes.
- Alternative investments can increase return while reducing risk.
Please be aware that Parkworth Wealth Management, Inc. has a portfolio minimum of $1,000,000 to accept inquiries through this directory.
