Parkside Investments, LLC (“Parkside”) was federally registered as an investment adviser in January
2017. The firm is co-owned by Alan Cole, President/CIO and Chris Engelman, Managing Director.
Wealth Management Services
We provide discretionary investment management services and specialize in building long-term plans
for wealth management. Our comprehensive knowledge of today’s investing climate, along with a
unique mix of dedication and experience, helps Parkside serve the investment needs of high net worth
individuals and their families, foundations, and endowments.
At Parkside, we contemplate our client’s investment objectives as we develop investment strategies and
portfolio allocations. We respect a client’s guidelines for risk tolerance and liquidity needs, and we take
into consideration time horizons for both taxable accounts and tax-deferred retirement accounts.
Preserving Capital – We recognize how difficult it is to accumulate personal wealth. Capital
preservation is paramount as we construct client portfolios.
Customizing Portfolios – We establish a shared vision of each client’s objectives, constraints,
and risk tolerances and note any restrictions a client may impose on certain securities or types of
securities. A personalized Investment Policy Statement and asset allocation strategy is then crafted.
Managing Risk through Diversification – Asset allocation seeks to lower risk through diversification.
We identify a client’s liquidity and income requirements, then build portfolios from a broad base
of investments that have different anticipated returns.
Maximizing Tax Efficiency – We work with client accountants and estate planning attorneys
to maximize after-tax returns and promote efficient intergenerational transfer of wealth.
Managing Investments for Clients
Parkside uses a combination of investment strategies with allocations tailored to each client. We
may include non-affiliated ETFs, mutual funds, closed end funds and other vehicles to gain additional
portfolio diversification.
Parkside’s key equity strategy is Large Cap Core Equity where we typically purchase 30-40 individual
large cap stocks for a client’s portfolio using the methodology detailed in the Managing Large Cap Core
Equity Investments section below. Additional equity diversification, such as exposure to small cap U.S.
equities, international equities, tactical, and special situation strategies, may come through investing in
ETFs, mutual funds, closed end funds, or other individual securities.
Rev 3/15/24 Page 5 of 16
Fixed income diversification is achieved through either directly purchasing individual bonds (corporate,
U.S. Treasury and municipal bonds), and/or ETFs, mutual funds, or closed end funds that complement
individual bond holdings.
Where appropriate, we may recommend that clients invest a portion of their total portfolio in private
investments or Parkside’s proprietary funds (detailed below), Parkside Covered Call Fund, LP and
Parkside VPS Fund, LP. Parkside clients have final discretion over all private investments.
Managing Large Cap Core Equity Investments
Through an evaluation process based upon in-depth analysis, Parkside constructs a diversified portfolio
of companies that have attractive growth prospects relative to valuation, or are undervalued relative
to their net asset value. Parkside evaluates companies based on quantitative metrics as well as
qualitatively assessing corporate management, business strategy and macro factors impacting the
industry. Importantly, Parkside analyzes an investment’s risk before addressing the potential return
opportunity.
We focus on a company’s profitability, financial resources, market position, and the track record of the
management team. Additionally, we assess the competitive landscape
within the industry, identifying
key macro trends as well as economic, political, and regulatory risks. We determine valuation by using
internally generated earnings and cash flow projections.
Price targets are developed for each company in the portfolio and reassessed based on business and
economic trends. Portfolio positions are eliminated when one of three conditions occurs:
1. the company’s stock has met our price objective,
2. another position offers better risk/reward characteristics, or
3. deterioration in the business or industry has made the company susceptible to a permanent
impairment.
By creating a diversified portfolio of attractive companies, and performing thorough analysis throughout
the life cycle of each investment, our Core Equity Portfolio is designed to produce sound, risk-adjusted
returns.
Parkside Proprietary Funds – Parkside Covered Call Fund, LP and Parkside VPS Fund, LP
We serve as the investment manager to Parkside Covered Call Fund, LP (PCCF), which commenced
operations in 2017. The goal of PCCF is to produce attractive equity investment returns by investing in a
diverse selection of securities which individually have attractive appreciation prospects relative to their
valuation, as well as by employing a covered call writing strategy. Parkside is also the investment
manager for Parkside VPS Fund, LP (PVPS) which launched on July 1, 2021. PVPS accepts only Qualified
Purchasers as investors and employs a put and call options trading strategy.
Rev 3/15/24 Page 6 of 16
Assets Under Management
As of December 31, 2023, we managed approximately $800,122,563 on a discretionary basis, inclusive
of the assets held by Parkside Covered Call Fund, LP and Parkside VPS Fund, LP. Some client accounts
are nondiscretionary and are not included in the tally above.
TPAMS - Unaffiliated Third-Party Asset Managers including Private Investments
Depending on goals, objectives, risk tolerance, and other factors, a client may choose to allocate a
portion of their portfolio to a Third-Party Asset Manager (TPAM) unaffiliated with Parkside. TPAMs
employ a wide variety of investment strategies and may be offering services in publicly traded securities
through a separate account or commingled vehicle and/or offering investments through a private
offering. Due to risk factors or other requirements, a TPAM may not be available or suitable for all
investors.
A client maintains sole discretion with respect to engaging any fund or manager not affiliated with
Parkside and signs a separate agreement with each manager detailing the strategies, structure, and
scope of the services to be provided. TPAMs have discretionary authority over the assets allocated to
their management. TPAM investments may require a different custodial account and clearing firm and
will incur fees and expenses which will be assessed to the client separately by the TPAM. These costs
are in addition to Parkside’s fees and expenses. Parkside does not solicit for, or sponsor, any unaffiliated
TPAM and we receive no referral fees. We do not act as a subadvisor. We do not have discretion to hire
or fire a TPAM on behalf of a client.
By arrangement, we will provide consulting services to our clients regarding TPAMs. Our services might
include reviewing the people and firm, its investment philosophy, process and risk controls, disclosure
documents, making recommendations, assisting with account documents, monitoring the manager, and
periodic reporting. We also discuss with clients how using a TPAM fits into their overall investment
strategy, including position sizing. Parkside reserves the right to charge a fee for consulting services
based on a percentage of the client’s assets managed by the TPAM. The fee is negotiable.
Rev 3/15/24 Page 7 of 16