Parkside Investments provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. The firm advises 2 private funds.
Parkside Investments reports 227 clients. They include 149 high-net-worth individuals, 51 individual clients and 25 other clients. Of its assets, 67.5% ($970M across 545 accounts) are managed with discretion; $468M across 165 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 22% | 1% |
| High-net-worth individuals | 66% | 62% |
| Pooled investment vehicles | <1% | 3% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 1% |
| Other client typesOther | 11% | 33% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 51 | $20.9M | 1.5% | $409K |
| High-net-worth individuals | 149 | $890M | 61.9% | $5.97M |
| Pooled investment vehicles | 2 | $42.7M | 3.0% | $21.3M |
| Charitable organizations | Fewer than 5 | $775K | 0.1% | — |
| Corporations and other businesses | Fewer than 5 | $15.7M | 1.1% | — |
| Other | 25 | $468M | 32.5% | $18.7M |
| Total | 227 | $1.44B | 100% | — |
- Clients
- 51
- Regulatory AUM
- $20.9M
- AUM share
- 1.5%
- Avg. per client
- $409K
- Clients
- 149
- Regulatory AUM
- $890M
- AUM share
- 61.9%
- Avg. per client
- $5.97M
- Clients
- 2
- Regulatory AUM
- $42.7M
- AUM share
- 3.0%
- Avg. per client
- $21.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $775K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $15.7M
- AUM share
- 1.1%
- Avg. per client
- —
- Clients
- 25
- Regulatory AUM
- $468M
- AUM share
- 32.5%
- Avg. per client
- $18.7M
Total
- Clients
- 227
- Regulatory AUM
- $1.44B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 0
Parkside Investments charges 0.30%–0.90% a year for its Standard Fee Schedule. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 0.90% |
| $2M–$5M | 0.70% |
| $5M–$10M | 0.40% |
| $10M and above | 0.30% |
Fee details and sources
Other fees
- Consulting and specialized reporting
- Consulting, specialized reporting and other services beyond customary services are negotiable.
Alan Cole owns 50% to 75% of Parkside Investments. The leadership team of Parkside Investments includes President Alan Cole and Chief Compliance Officer Christopher Engelman. It has 7 employees, 5 of them in advisory roles.
Leadership
- Alan ColeManager, President
- Christopher EngelmanManaging Director/Chief Compliance Officer
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Alan (NMN) Cole
- Christopher Irving Engelman
- Debbiann Frenzel
- John Charles Kearney
- Todd Alan Needlman
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 50% to 75% of Parkside Investments, LLC
Alan Cole
Control person · since July 2016
- Owns 25% to 50% of Parkside Investments, LLC
Christopher Engelman
Control person · since August 2026
Parkside Investments’ regulatory assets grew 1.8× from $796M (July 2021) to $1.44B (July 2026); clients rose from 180 to 227 and employees fell from 8 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $1.44B | 227 | 7 | 1 |
| March 2025 | $1.3B | 225 | 7 | 1 |
| March 2024 | $1.16B | 222 | 7 | 1 |
| July 2023 | $914M | 197 | 7 | 1 |
| March 2022 | $1.01B | 188 | 8 | 3 |
| July 2021 | $796M | 180 | 8 | 3 |
Besides its headquarters, Parkside Investments has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 570 Lake Cook Road, Suite 100, DeerfieldHQ
Contact and registration details
- Legal name
- Parkside Investments, LLC
- Headquarters
- 570 Lake Cook Road, Suite 100, Deerfield, IL 60015
- Website
- parksideinv.com
- Phone
- 312-778-7700
- @parkside-invest
- SEC file
- 801-108826
- Structure
- Illinois LLC
- Fiscal year end
- December
Parkside Investments uses Fidelity ($997M) as custodian for its separately managed accounts. Parkside Investments has custody of $429M in client assets for 128 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $997M100%
At year end, Parkside Investments’ separately managed accounts were mostly in stocks (85%) and bonds (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $902M across 91 positions; the largest are iShares 1-5 Year Investment Grade Corporate Bond ETF (10.9%), iShares Russell 2000 ETF (8.3%) and iShares Core S&P 500 ETF (8.0%).
What the accounts hold
- Stocks85%
- Bonds12%
- State and local bonds7%
- Investment grade corporate bonds2%
- High-yield corporate bonds2%
- U.S. government and agency bonds1%
- Cash3%
Reported 13F holdings
- $902M
- Reported 13F value
- 91
- Positions
- 53.2%
- In the 10 largest
- +9.6%
- Value vs. prior quarter
- iShares 1-5 Year Investment Grade Corporate Bond ETFETF10.9%
- iShares Russell 2000 ETFETF8.3%
- iShares Core S&P 500 ETFETF8.0%
- iShares Core MSCI Emerging Markets ETFETF7.5%
- iShares Core MSCI Eafe ETFETF6.4%
- iShares Mbs ETFETF3.6%
- State Street Technology Select Sector SPDR ETFETF2.3%
- Alphabet Inc. Cap Stk CL C2.1%
- Fidelity Enhanced Small Cap Core ETFETF2.0%
- First Trust Preferred Securities & Income ETFETF2.0%
Together, the ten largest are 53.2% of reported value.
How many clients does Parkside Investments have?
Parkside Investments has 227 clients and manages $1.44 billion for them, as of July 2026. They include 149 high-net-worth individuals, 51 individual clients and 25 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026
What services does Parkside Investments offer?
Parkside Investments provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Parkside Investments charge?
Parkside Investments charges 0.30%–0.90% a year for its Standard Fee Schedule. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Parkside Investments use?
Parkside Investments’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $997M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 July 2026
How many financial advisors does Parkside Investments have?
Parkside Investments has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Parkside Investments invest in?
At the end of its last fiscal year, Parkside Investments’ separately managed accounts held 85% exchange-traded equities, 7% state and local bonds, 3% cash and equivalents, 2% investment grade corporate bonds, 2% high-yield corporate bonds and 1% U.S. government and agency bonds. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Parkside Investments?
Parkside Investments’ direct owners are Alan Cole (50% to 75%) and Christopher Engelman (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026
How does Parkside Investments get paid?
Parkside Investments is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Parkside Investments?
Parkside Investments’ main office is at 570 Lake Cook Road, Suite 100, Deerfield, IL 60015. Its phone number is 312-778-7700. Its website is parksideinv.com.