Parkstone Wealth Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Parkstone Wealth Management reports 22 clients. They include 15 high-net-worth individuals, 6 individual clients and 1 charitable organization. Of its assets, 100.0% ($211M across 87 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 27% | <1% |
| High-net-worth individuals | 68% | 89% |
| Charitable organizations | 5% | 10% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 6 | $1.82M | 0.9% | $304K |
| High-net-worth individuals | 15 | $188M | 89.2% | $12.5M |
| Charitable organizations | Fewer than 5 | $20.9M | 9.9% | $20.9M |
| Total | 22 | $211M | 100% | — |
- Clients
- 6
- Regulatory AUM
- $1.82M
- AUM share
- 0.9%
- Avg. per client
- $304K
- Clients
- 15
- Regulatory AUM
- $188M
- AUM share
- 89.2%
- Avg. per client
- $12.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $20.9M
- AUM share
- 9.9%
- Avg. per client
- $20.9M
Total
- Clients
- 22
- Regulatory AUM
- $211M
- 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
- 0
- Financial planning clients last fiscal year
- 1–10
Parkstone Wealth Management charges 1.00%–2.00% a year for its Portfolio Management. The fee is billed in advance and is negotiable.
Fee details and sources
Cheryl Quisenberry owns 50% to 75% of Parkstone Wealth Management. The leadership team of Parkstone Wealth Management includes Chief Compliance Officer Cheryl Quisenberry. It has 3 employees.
Leadership
- Cheryl QuisenberryManaging Member and Chief Compliance Officer
- Chester StrailyManaging Member
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Parkstone Wealth Management, LLC
Cheryl Quisenberry
Control person · since December 2013
- Owns 50% to 75% of Parkstone Wealth Management, LLC
Chester Straily
Control person · since December 2013
Parkstone Wealth Management’s regulatory assets grew from $153M (March 2021) to $211M (March 2026); clients rose from 16 to 22 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $211M | 22 | 3 | 1 |
| Mar 2025March 2025 | $201M | 20 | 3 | 1 |
| Mar 2024March 2024 | $178M | 19 | 3 | 1 |
| Feb 2023February 2023 | $157M | 20 | 3 | 1 |
| Mar 2022March 2022 | $171M | 19 | 3 | 1 |
| Mar 2021March 2021 | $153M | 16 | 3 | 1 |
Besides its headquarters, Parkstone Wealth Management has 0 offices, with 1 listed address in 1 state.
Texas · 1 listed address
- 1000 Ballpark Way, Suite 302, ArlingtonHQ
Contact and registration details
- Legal name
- Parkstone Wealth Management, LLC
- Headquarters
- 1000 Ballpark Way, Suite 302, Arlington, TX 76011
- Website
- parkstonewealth.com
- Phone
- 817-962-0068
- SEC file
- 801-78430
- Structure
- Delaware LLC
- Fiscal year end
- December
Parkstone Wealth Management’s named custodian for separately managed accounts is RBC Capital Markets ($211M). Parkstone Wealth Management has custody of $175M for 6 clients.
- RBC Capital MarketsRBC Capital Markets, LLC · Minneapolis, MN · $211M100%
At year end, Parkstone Wealth Management’s separately managed accounts were mostly in bonds (61%) and funds (18%).
What the accounts hold
- Stocks14%
- Funds18%
- Bonds61%
- State and local bonds55%
- Investment grade corporate bonds4%
- Sovereign bonds1%
- High-yield corporate bonds1%
- Cash7%
How many clients does Parkstone Wealth Management have?
Parkstone Wealth Management has 22 clients and manages $211 million for them, as of March 2026. They include 15 high-net-worth individuals, 6 individual clients and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Parkstone Wealth Management offer?
Parkstone Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Parkstone Wealth Management charge?
Parkstone Wealth Management charges 1.00%–2.00% a year for its Portfolio Management. The fee is billed in advance and is negotiable.
Which custodians does Parkstone Wealth Management use?
Parkstone Wealth Management’s separately managed account assets are held at RBC Capital Markets, LLC (Minneapolis, MN), with $211M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Parkstone Wealth Management have?
Parkstone Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 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 Parkstone Wealth Management invest in?
At the end of its last fiscal year, Parkstone Wealth Management’s separately managed accounts held 55% state and local bonds, 18% registered funds (mutual funds, ETFs, BDCs), 14% exchange-traded equities, 7% cash and equivalents, 4% investment grade corporate bonds, 1% sovereign bonds and 1% high-yield corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Parkstone Wealth Management?
Parkstone Wealth Management’s direct owners are Cheryl Quisenberry (50% to 75%) and Chester Straily (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Parkstone Wealth Management get paid?
Parkstone Wealth Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees 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 Parkstone Wealth Management?
Parkstone Wealth Management’s main office is at 1000 Ballpark Way, Suite 302, Arlington, TX 76011. Its phone number is 817-962-0068. Its website is parkstonewealth.com.