Q

Are you a Certified Financial Planner?

Yes. I obtained my designation in 2003; Spencer Engelke received his certification in 2023. 

Q

How long have you been in the investment and financial planning industry?

I have been practicing as a financial advisor and financial planner since 1989. Spencer launched his career in 2021.

Q

Are you a fiduciary?

Yes. We are fiduciaries.

Q

What is a registered investment advisor?

According to the Investment Advisors Act of 1940, a Registered Investment Advisor is a "person or firm that, for compensation, is engaged in the act of providing advice, making recommendations, issuing reports or furnishing analyses on securities, either directly or through publications." An investment advisor has a fiduciary duty to their clients, which means they have a fundamental obligation to provide suitable investment advice and always act in the client's best interests. (Investopedia)

Q

Do you offer a complimentary consultation?

Yes. In addition, there's no obligation to work with Parrott Wealth Management after completing your financial plan.

Q

Can you help me with my company retirement account?

Yes. We can help you set up your company retirement account. We can assist you with investment selection, asset allocation, and contribution amount. 

Q

Do you provide workshops for corporations?

Yes. We provide educational workshops to corporations and their employees. The workshops can cover budgeting, education planning, investment management, financial planning, or retirement planning. 

Q

Can you help my company establish a corporate retirement plan?

Yes. We can help you and your company establish a 401(k) plan or corporate retirement account. We can act in a 3(21) or 3(38) fiduciary capacity.

Q

Do you have a specific area of focus?

Our focus areas are retirement planning, financial planning, and investment management.

Q

Do you have a minimum investment requirement for asset management?

No. We work with individuals who want or need help with investment management or financial planning.

Q

Do you have a minimum asset level for financial planning?

We do not. The financial plan is a stand-alone service.

Q

Who is your custodian?

Charles Schwab & Co., INC