A. Firm Information
Parisi Gray Wealth Management, LLC (“Parisi Gray” or the “Advisor”) is a registered investment advisor with the
U.S. Securities and Exchange Commission (“SEC”). The Advisor is organized as a Limited Liability Company
(“LLC”) under the laws of the State of Delaware with its offices located in the State of New Jersey. Parisi Gray
was founded in January 2016 and is owned and operated by John Parisi (Managing Partner) and David Gray
(Partner and Chief Compliance Officer). This Disclosure Brochure provides information regarding the
qualifications, business practices, and the advisory services provided by Parisi Gray.
B. Advisory Services Offered
Parisi Gray offers investment advisory services to individuals, high net worth individuals, trusts, estates, and
businesses (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Parisi Gray’s fiduciary commitment is further described in the Code of Ethics. For more
information regarding the Advisor’s Code of Ethics, please see Item 11 – Code of Ethics, Participation or Interest
in Client Transactions and Personal Trading.
Wealth Management Services
Parisi Gray provides Clients with wealth management services, which generally includes a broad range of
comprehensive financial planning and consulting services while providing discretionary management of
investment portfolios. These services are described below.
Investment Management Services - Parisi Gray provides customized investment advisory solutions for its Clients.
This is achieved through continuous personal Client contact and interaction while providing discretionary
investment management and related advisory services. Parisi Gray works closely with each Client to identify their
investment goals and objectives as well as risk tolerance and financial situation in order to create a portfolio
strategy. Parisi Gray will then construct a portfolio, consisting of mutual funds and/or exchange-traded funds
(“ETFs”) to achieve the Client’s investment goals. The Advisor also utilizes individual stocks, bonds or
independent managers to meet the needs of its Clients. The Advisor retains legacy investments based on
portfolio fit and/or tax considerations.
Parisi Gray’s investment approach is primarily long-term focused, but the Advisor may buy, sell or re-allocate
positions that have been held for less than one year to meet the objectives of the Client or due to market
conditions. Parisi Gray will construct, implement and monitor the portfolio to ensure it meets the goals,
objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the opportunity to
place reasonable restrictions on the types of investments to be held in their respective portfolio, subject to
acceptance by the Advisor.
Parisi Gray evaluates and selects investments for inclusion in Client portfolios only after applying its internal due
diligence process. Parisi Gray may recommend, on occasion, redistributing investment allocations to diversify the
portfolio. Parisi Gray may recommend specific positions to increase sector or asset class weightings. In certain
instances, the Advisor may recommend that the Client invest into or hold mutual funds a share classes that have
higher expense ratios than an equivalent share class. The Advisor will only recommend the purchase or holding
of more expensive share classes if the investment amount does not meet the fund’s required minimum
investment or if there are material tax considerations. The Advisor may recommend employing cash positions as
a possible hedge against market movement. Parisi Gray may recommend selling positions for reasons that
include, but are not limited to, harvesting capital gains or losses, business or sector risk exposure to a specific
security or class of securities, overvaluation or overweighting of the position[s] in the portfolio, change in risk
tolerance of the Client, generating cash to meet Client needs, or any risk deemed unacceptable for the Client’s
risk tolerance.
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Under certain circumstances, Parisi Gray may accept or maintain custody of Client’s funds or securities. Please
see Item 15 – Custody for more information.
LoanAdvanceTM - The Advisor may introduce certain Clients to LoanAdvanceTM, a non-purpose line of credit
made available through Pershing LLC (“Lending Program”). In such instances, the Client’s assets in their
account[s] at the Custodian will be utilized as collateral for a non-purpose line of credit. The recommendation of a
Lending Program presents a conflict of interest as the Advisor will continue to receive investment advisory fees
for managing the collateralized assets in the Client’s account[s]. Clients are not obligated to engage the Advisor
for the Lending Program. For additional information related to the risks involved non-purpose loans and lines of
credit, please see Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss.
Financial Planning Services - Parisi Gray will typically provide a variety of financial planning and consulting
services to Clients, as a part of the wealth management services. Services are offered in several areas of a
Client’s financial situation, depending on their goals, objectives and financial situation. Generally, such financial
planning services involve preparing a formal financial plan
or rendering a specific financial consultation based on
the Client’s financial goals and objectives. This planning or consulting may encompass one or more areas of
need, including but not limited to, investment planning, retirement planning, personal savings, education savings,
insurance needs, and other areas of a Client’s financial situation.
A financial plan developed for, or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs.
Parisi Gray, based on the Client’s particular needs, refer Clients to an accountant, attorney or other specialists,
as appropriate for their unique situation. For certain financial planning engagements, the Advisor will provide a
written summary of the Client’s financial situation, observations, and recommendations. For consulting or ad-hoc
engagements, the Advisor may not provide a written summary. Plans or consultations are typically completed
within six months of contract date, assuming all information and documents requested are provided promptly.
Financial planning and consulting recommendations poses a conflict between the interest of the Advisor and the
interests of the Client. For example, a recommendation to engage the Advisor for investment management
services or to increase the level of investment assets would increase the advisory fees paid to the Advisor.
Clients are not obligated to implement any recommendations made by the Advisor or maintain an ongoing
relationship with the Advisor. If the Client elects to act on any of the recommendations made by the Advisor, the
Client is under no obligation to implement the transaction[s] through the Advisor.
Use of Independent Managers – In limited circumstances, the Advisor will recommend that a Client utilize an
unaffiliated investment manager or investment platforms (collectively “Independent Managers”) for all or a portion
of a Client’s investment portfolio. In such instances, the Client may be required to authorize and enter into an
advisory agreement with the Independent Manager[s] that defines the terms in which the Independent
Manager[s] will provide investment management and related services. The Advisor may also assist in the
development of the initial policy recommendations and managing the ongoing Client relationship. The Advisor will
perform initial and ongoing oversight and due diligence over the selected Independent Manager[s] to ensure the
Independent Managers’ strategies and target allocations remain aligned with its clients’ investment objectives
and overall best interests. The Client, prior to entering into an agreement with unaffiliated investment manager[s]
or investment platform[s], will be provided with the Independent Manager's Form ADV 2A (or a brochure that
makes the appropriate disclosures).
Retirement Accounts – When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over
the assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based
account to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a
new (or increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll
over a retirement account to an account managed by the Advisor.
C. Client Account Management
Prior to engaging Parisi Gray to provide wealth management services, each Client is required to enter into an
agreement with the Advisor that defines the terms, conditions, authority and responsibilities of the Advisor and
the Client. These services may include:
• Establishing an Investment Strategy – Parisi Gray, in connection with the Client, will develop a strategy
that seeks to achieve the Client’s investment goals and objectives.
• Asset Allocation – Parisi Gray will develop a strategic asset allocation that is targeted to meet the
investment objectives, time horizon, financial situation and tolerance of risk for each Client.
• Portfolio Construction – Parisi Gray will develop a portfolio for the Client that is intended to meet the
stated goals and objectives of the Client.
• Investment Management and Supervision – Parisi Gray will provide investment management and
ongoing oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Parisi Gray does not manage or place Client assets into a wrap fee program. Investment management services
are provided directly by Parisi Gray.
E. Assets Under Management
As of December 31, 2022, Parisi Gray manages $483,686,625 in Client assets, $469,009,660 of which are
managed on a discretionary basis and $14,676,965 on a non-discretionary basis. Clients may request more
current information at any time by contacting the Advisor.