Parrott Wealth Management, LLC

Parrott Wealth Management, LLC is a registered investment adviser based in Colorado Springs, Colorado, established in October 2015. The firm specializes in independent, fee-only, fiduciary financial planning and investment management services for families and individuals, particularly those in or near retirement. They offer portfolio management services on a discretionary basis, tailoring investment advice to meet clients' needs and objectives. Clients' assets are invested in model portfolios or customized based on individual requirements, primarily consisting of mutual or exchange-traded funds. The firm also provides non-discretionary portfolio management and financial planning services, charging a fixed fee of $800 for financial planning. Parrott Wealth Management charges an annual fee ranging from 0.25% to 0.50% based on assets under management, with a minimum account size of $10,000. The firm uses Charles Schwab & Co., Inc. or Altruist Financial LLC as custodians. Clients have the option to grant discretionary authority for account management. The firm does not vote on client securities and does not participate in class action lawsuits on behalf of clients. For privacy, they have strict policies in place to protect clients' personal information.