Waters, Parkerson & Co., LLC

Waters, Parkerson & Co., LLC is a registered investment adviser founded in 1933 and owned by J. Baldwin Montgomery, Devin J. Wakeman, David T. Pointer, Michael B. Whealdon, and L. Reiss Eagan. The firm offers discretionary and non-discretionary investment advisory services on a fee-only basis, with fees ranging from negotiable to 1.00% based on the market value of assets managed. The minimum annual fee is $10,000. Clients can receive consultation services on various matters without additional fees. The firm does not serve as an attorney, accountant, or insurance agent. Clients have the discretion to engage recommended professionals for non-investment purposes. Waters, Parkerson & Co., LLC does not participate in wrap fee programs and had $2,560,869,782 in assets under management on a discretionary basis as of December 31, 2024. The firm does not accept performance-based fees and primarily allocates client assets among individual equity and fixed income securities based on client objectives. Waters, Parkerson & Co., LLC recommends Schwab as a broker-dealer/custodian and does not receive compensation for client referrals. The firm may receive support services from Schwab but does not charge clients more for transactions. Clients can grant the firm investment discretion and impose restrictions as needed. The firm is responsible for voting client proxies and offers assistance with class-action matters through an unaffiliated service provider. Clients are encouraged to review financial planning issues annually. For further inquiries, clients can contact the Chief Compliance Officer, Julie W. Burlingame.