{"url":"https://nivawealth.com/firms/parkway-advisors-112629","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/112629","regulatoryAum":4128773526,"crd":"112629","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7114793","suffix":null,"lastName":"Bevill","firstName":"Bryce","middleName":"A"},{"crd":"7154041","suffix":null,"lastName":"Chapman","firstName":"Nicholas","middleName":"Jon"},{"crd":"5530924","suffix":null,"lastName":"DAVIDSON","firstName":"LISA","middleName":"LYNN"},{"crd":"4396270","suffix":"SR.","lastName":"HOLLADAY","firstName":"THERON","middleName":"R"},{"crd":"7706647","suffix":"Jr","lastName":"Holladay","firstName":"Theron","middleName":"Robert"},{"crd":"8067182","suffix":null,"lastName":"Huberdeau","firstName":"Hunter","middleName":"Mitchell"},{"crd":"5963823","suffix":null,"lastName":"Rupe","firstName":"Trevor","middleName":"Ray"},{"crd":"8017753","suffix":null,"lastName":"Swe","firstName":"Phyo Wai Yan Win","middleName":null},{"crd":"6126548","suffix":null,"lastName":"TIMMERMANN","firstName":"KYLE","middleName":"DAVID"},{"crd":"7710214","suffix":null,"lastName":"Weems","firstName":"Colton","middleName":"James"}],"total":10,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-30","regulatoryAum":3821131784,"clients":45,"employees":11,"offices":1},{"filedOn":"2022-03-28","regulatoryAum":3717642609,"clients":42,"employees":12,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":3193222063,"clients":53,"employees":14,"offices":1},{"filedOn":"2024-03-26","regulatoryAum":3403431715,"clients":55,"employees":15,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":3510102204,"clients":59,"employees":17,"offices":1},{"filedOn":"2026-03-13","regulatoryAum":4128773526,"clients":58,"employees":16,"offices":1}],"secFileNumber":"801-60265","legalName":"Parkway Advisors, L.P.","displayName":"Parkway Advisors","slug":"parkway-advisors-112629","website":"https://parkwayadvisors.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"6550 Directors Parkway","city":"Abilene","state":"TX","stateName":"Texas","country":"United States","postalCode":"79606-5854"},"tradeNames":[],"registration":{"secApproved":"16 May 2001","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":16,"advisory":10,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":4128773526,"discretionary":3853355355,"discretionaryAccounts":67,"nonDiscretionary":275418171,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":11},"clientTypes":[{"label":"Individuals (other than HNW)","clients":2,"fewerThan5":true,"regulatoryAum":2147},{"label":"High-net-worth individuals","clients":1,"fewerThan5":true,"regulatoryAum":3669027},{"label":"Investment companies","clients":1,"regulatoryAum":17815883},{"label":"Pension and profit-sharing plans","clients":3,"fewerThan5":true,"regulatoryAum":81002700},{"label":"Insurance companies","clients":44,"regulatoryAum":3920646262},{"label":"Corporations and other businesses","clients":7,"regulatoryAum":105637507}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Raymond James & Associates, Inc.","shortName":"Raymond James","location":"Birmingham, AL","smaAssets":2956146887},{"name":"US Bank","shortName":"US Bank","location":"St Paul, MN","smaAssets":450232281}],"custodyNote":"Parkway Advisors does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Theron Holladay","title":"CEO / President","crd":"4396270"},{"name":"Lisa Davidson","title":"Chief Operating Officer","crd":"5530924"},{"name":"Theron Holladay","title":"Chief Compliance Officer","crd":"7706647"}],"ownership":[{"label":"Parkway Advisors Holdings, Inc.","detail":"Limited partner in the 75% or more ownership band and a control person, since April 2001."},{"label":"Directors Investment Group, Inc.","detail":"Indirect owner: a parent company of Parkway Advisors Group, Inc. in the 75% or more band and a control person, since April 2001. Also a parent company of Parkway Advisors Holdings, Inc. in the 75% or more band and a control person, since April 2001.","parent":"Parkway Advisors Group, Inc."},{"label":"The Seale Family, L.P.","detail":"Indirect owner: a owner of Directors Investment Group, Inc. in the 25% to 50% band and a control person, since July 1994.","parent":"Directors Investment Group, Inc."},{"label":"Billy Seale","detail":"Indirect owner: a general partner of The Seale Family, L.P. in the 25% to 50% band, since July 1994.","parent":"The Seale Family, L.P."},{"label":"Marsha Moore","detail":"Indirect owner: a limited partner of The Seale Family, L.P. in the 25% to 50% band, since July 1994.","parent":"The Seale Family, L.P."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"6550 Directors Parkway","city":"Abilene","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"325-795-2111","stateRegisteredReps":10,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":11},{"label":"U.S. state and local bonds","percent":6},{"label":"Investment grade corporate bonds","percent":64},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":3},{"label":"Cash and cash equivalents","percent":12}],"privateFunds":0},"sources":{"adv1FilingDate":"13 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/112629/PDF/112629.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Parkway Advisors have?","answer":"Parkway Advisors has 58 clients and manages $4.13 billion for them, as of March 2026. They include 44 insurance companies, 7 corporations and other businesses, and 3 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Parkway Advisors offer?","answer":"Parkway Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Parkway Advisors use?","answer":"Parkway Advisors’ separately managed account assets are held at Raymond James & Associates, Inc. (Birmingham, AL), with $2.96B and US Bank (St Paul, MN), with $450M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Parkway Advisors have?","answer":"Parkway Advisors has 10 investment adviser representatives registered with state securities authorities, out of 16 employees, and 10 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Parkway Advisors invest in?","answer":"At the end of its last fiscal year, Parkway Advisors’ separately managed accounts held 64% investment grade corporate bonds, 12% cash and equivalents, 11% U.S. government and agency bonds, 6% state and local bonds, 3% registered funds (mutual funds, ETFs, BDCs), 1% exchange-traded equities 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Parkway Advisors?","answer":"Parkway Advisors is owned through a chain of holding companies by Billy Seale and Marsha Moore. Its direct owners are Parkway Advisors Holdings, Inc. (75% or more) and Directors Investment Group, Inc. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Parkway Advisors get paid?","answer":"Parkway Advisors is paid through a percentage of assets under management and fixed fees. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Parkway Advisors?","answer":"Parkway Advisors’ main office is at 6550 Directors Parkway, Abilene, TX 79606-5854. Its phone number is 325-795-2111. Its website is parkwayadvisors.com.","source":"Form ADV Part 1A, Item 1.F, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}