Thoroughbred Financial Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 251–500 clients last fiscal year.
Thoroughbred Financial Services reports 3,567 clients. They include 1,829 individual clients, 1,029 corporations and other businesses, and 691 high-net-worth individuals. Of its assets, 89.6% ($3.62B across 6,134 accounts) are managed with discretion; $421M across 1,102 accounts are not. A wrap fee program the firm both sponsors and manages holds $11.3M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 51% | 22% |
| High-net-worth individuals | 19% | 46% |
| Pension and profit-sharing plans | <1% | 3% |
| Corporations and other businesses | 29% | 28% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,829 | $892M | 22.1% | $488K |
| High-net-worth individuals | 691 | $1.86B | 46.0% | $2.69M |
| Pension and profit-sharing plans | 18 | $138M | 3.4% | $7.69M |
| Corporations and other businesses | 1,029 | $1.15B | 28.5% | $1.12M |
| Total | 3,567 | $4.04B | 100% | $1.13M |
- Clients
- 1,829
- Regulatory AUM
- $892M
- AUM share
- 22.1%
- Avg. per client
- $488K
- Clients
- 691
- Regulatory AUM
- $1.86B
- AUM share
- 46.0%
- Avg. per client
- $2.69M
- Clients
- 18
- Regulatory AUM
- $138M
- AUM share
- 3.4%
- Avg. per client
- $7.69M
- Clients
- 1,029
- Regulatory AUM
- $1.15B
- AUM share
- 28.5%
- Avg. per client
- $1.12M
Total
- Clients
- 3,567
- Regulatory AUM
- $4.04B
- AUM share
- 100%
- Avg. per client
- $1.13M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Thoroughbred Financial Services is paid through a percentage of assets under management, fixed fees (other than subscription fees) and commissions; its fees and minimums are set out in its brochures on the SEC website.
Parker Family Trust owns 50% to 75% of Thoroughbred Financial Services. The leadership team of Thoroughbred Financial Services includes President Thomas Jenkins Parker. It has 31 employees.
Leadership
- Thomas Jenkins ParkerPresident, CEO
- Jack Clark Jr HerndonExecutive V.P. Securities
- Daniel James KellyV.P. Operations - CCO, CFO
- Susan Sweeney ParkerTrustee
- Lawrence Randall HartleyMember
- John Sexton AtkinsMember
- William Allen WeddingtonMember
- Patrick Gibbons ParkerMember
Investment adviser representatives
34 representatives listed in the SEC register as of 9 October 2026.
- Michael Francis Allan
- John Sexton Atkins
- Jessica Marie Barnes
- Daniel Shane Carnine
- John Michael Fussell
- Charlotte Coles White Goldston
- Michael Eugene Goldston
- Heather Ogren Hale
- Lawrence Randall Hartley
- Jack Clark Herndon JR
- Colton James Hutzel
- Daniel James Kelly
- Carl Vernon Lee
- Mark Miccioli
- Raymond Lee Mockmore JR.
- Jimmy Gray Orman
- Christopher Owen Parker
- Daniel Jason Parker
- Justin Warren Parker
- Paige Parker
- Patrick Gibbons Parker
- Thomas Jenkins Parker
- Thomas Sweeney Parker
- Phillip Valdez Picardo
- James Michael Reynolds
- Michael David Reynolds
- Daniel James Taylor
- Martha Walthall
- Jason Dewayne Warpool
- Cameron Mann Weddington
- Thomas Moore Weddington
- William Allen Weddington
- Katherine Pope Wilson
- William Roger Witherow SR
Staff
- 31 employees
- 31 in advisory functions
- 31 state-registered reps
- 31 broker-dealer reps
- 31 insurance agents
- Owns 50% to 75% of Thoroughbred Financial Services, LLC
Parker Family Trust
Control person · since June 1999
- Owns 5% to 10% of Thoroughbred Financial Services, LLC
Lawrence Randall Hartley
since June 1999
- Owns 5% to 10% of Thoroughbred Financial Services, LLC
John Sexton Atkins
since June 1999
- Owns 5% to 10% of Thoroughbred Financial Services, LLC
William Allen Weddington
since June 1999
- Owns 5% to 10% of Thoroughbred Financial Services, LLC
Patrick Gibbons Parker
since June 1999
Thoroughbred Financial Services’ regulatory assets grew 1.6× from $2.52B (March 2021) to $4.04B (March 2026); clients were 3,567 in both filings and employees fell from 33 to 31.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $4.04B | 3,567 | 31 | 4 |
| March 2025 | $3.41B | 3,400 | 34 | 4 |
| March 2024 | $2.91B | 3,305 | 34 | 4 |
| March 2023 | $2.44B | 3,952 | 33 | 4 |
| March 2022 | $2.93B | 3,844 | 33 | 4 |
| March 2021 | $2.52B | 3,712 | 33 | 4 |
Besides its headquarters, Thoroughbred Financial Services has 3 offices, with 4 listed addresses in Tennessee.
Tennessee · 4 listed addresses
- 5110 Maryland Way, Suite 300, BrentwoodHQ
- 12740 Kingston Pike, Knoxville
- 7 Security Drive, Jackson
- 1517 Hatcher Lane, Columbia
Contact and registration details
- Legal name
- Thoroughbred Financial Services, LLC
- Headquarters
- 5110 Maryland Way, Suite 300, Brentwood, TN 37027-7508
- Website
- thoroughbredfinancial.com
- Phone
- 615-371-0001
- SEC file
- 801-56741
- Structure
- Tennessee LLC
- Fiscal year end
- December
Thoroughbred Financial Services uses Fidelity ($3.99B) as custodian for its separately managed accounts. Thoroughbred Financial Services does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $3.99B100%
At year end, Thoroughbred Financial Services’ separately managed accounts were mostly in stocks (51%) and funds (40%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.08M across 624 positions; the largest are Nvidia Corporation (4.9%), Apple Inc. (4.3%) and Micron Technology Inc. (3.3%).
What the accounts hold
- Stocks51%
- Non-exchange-traded equities29%
- Exchange-traded equities22%
- Funds40%
- Registered funds39%
- Pooled vehicles1%
- Bonds1%
- Cash7%
- Other1%
- Derivatives1%
Reported 13F holdings
- $2.08M
- Reported 13F value
- 624
- Positions
- 26.4%
- In the 10 largest
- +24.4%
- Value vs. prior quarter
- Nvidia Corporation4.9%
- Apple Inc.4.3%
- Micron Technology Inc.3.3%
- Taiwan Semiconductor Manufact Sponsored ADS · ADR2.2%
- Invesco Nasdaq 100 ETFETF2.1%
- Amazon Com Inc.2.0%
- Microsoft Corp.2.0%
- Invesco S&P 500 Momentum ETFETF1.9%
- Broadcom Inc.1.9%
- Invesco Qqq Trust Series IETF1.7%
Together, the ten largest are 26.4% of reported value.
How many clients does Thoroughbred Financial Services have?
Thoroughbred Financial Services has 3,567 clients and manages $4.04 billion for them, as of March 2026. They include 1,829 individual clients, 1,029 corporations and other businesses, and 691 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Thoroughbred Financial Services offer?
Thoroughbred Financial Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Thoroughbred Financial Services use?
Thoroughbred Financial Services’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $3.99B. 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 March 2026
How many financial advisors does Thoroughbred Financial Services have?
Thoroughbred Financial Services has 31 investment adviser representatives registered with state securities authorities, out of 31 employees, and 31 perform investment advisory functions. 31 employees are registered representatives of a broker-dealer and 31 employees are 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 Thoroughbred Financial Services invest in?
At the end of its last fiscal year, Thoroughbred Financial Services’ separately managed accounts held 39% registered funds (mutual funds, ETFs, BDCs), 29% non-exchange-traded equities, 22% exchange-traded equities, 7% cash and equivalents, 1% U.S. government and agency bonds, 1% derivatives and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Thoroughbred Financial Services?
Thoroughbred Financial Services’ direct owners are Parker Family Trust (50% to 75%), Lawrence Randall Hartley (5% to 10%), John Sexton Atkins (5% to 10%), William Allen Weddington (5% to 10%) and Patrick Gibbons Parker (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Thoroughbred Financial Services get paid?
Thoroughbred Financial Services is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no 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 Thoroughbred Financial Services?
Thoroughbred Financial Services’ main office is at 5110 Maryland Way, Suite 300, Brentwood, TN 37027-7508. Its phone number is 615-371-0001. Its website is thoroughbredfinancial.com.