About Our Firm
Three Seasons Wealth, LLC (“Three Seasons Wealth”) is a registered investment adviser that
provides investment management and financial advisory services to individual and institutional
investors to help them achieve their financial needs and goals. Three Seasons Wealth is wholly
owned by Tory Parke and has been a registered investment adviser since 2023.
Our firm takes pride in providing personalized service to our clients and acknowledges that it is held
to a fiduciary standard of care.
Types of Advisory Services We Offer
Three Seasons Wealth offers a variety of advisory services to individuals, high net worth individuals,
foundations, businesses, and corporations. These services include:
• Investment and wealth management
• Selection of Independent Managers
• Financial planning and consulting
• Fiduciary and non-fiduciary services for plan sponsors
• Family Office Services
We work with our clients to determine their investment objectives and risk profile and develop a
customized investment plan based on their individual needs and goals. Three Seasons Wealth will
utilize the financial information provided by the client to analyze and develop strategies and
solutions to assist the client in meeting their financial goals.
Prior to Three Seasons Wealth rendering any of the foregoing services, clients are required to enter
into one or more written advisory agreements with Three Seasons Wealth setting forth the relevant
terms and conditions of the advisory relationship.
Investment and Wealth Management Services
Three Seasons Wealth manages our clients’ portfolios on a discretionary and, in limited
circumstances, non-discretionary basis. Our investment and wealth management services are
tailored to the needs of our clients and are based on a comprehensive understanding of each client’s
current situation, past experiences, and future goals. With this acquired knowledge we create,
analyze, strategize, and implement goal-oriented investment solutions. These solutions become our
clients’ investment policy. This policy and our matched strategies are designed to be risk
appropriate, cost effective and tax efficient.
Our wealth management services generally include a broad range of comprehensive financial
planning and/or consulting services, as well as discretionary or, in limited circumstances, non-
discretionary management of investment portfolios.
Client assets are primarily allocated among individual equity and debt securities, exchange-traded
funds ("ETFs") and mutual funds in accordance with the client's stated investment objective and
risk/volatility parameters. We may also recommend clients allocate a certain portion of their assets
to independent investment managers ("Independent Managers"). Where appropriate, Three Seasons
Wealth may also provide advice about many types of legacy positions or other investments held in
client portfolios. Clients may also engage Three Seasons Wealth to manage and/or advise on
certain investment products that are not maintained at their primary custodian, such as variable life
insurance and annuity contracts (to the extent permissible without an insurance license) and assets
held in employer sponsored retirement plans and qualified tuition plans (i.e., 529 plans). In these
situations, Three Seasons Wealth will direct or make recommendations on a non-discretionary basis
for the allocation of client assets among the various investment options available with the product.
These assets are generally maintained at the underwriting insurance company or custodian for the
plan trustee or administrator and clients retain responsibility for effecting trades in these accounts.
Three Seasons Wealth consults with clients on an initial and ongoing basis to assess their specific
risk tolerance, time horizon, liquidity constraints and other related factors relevant to the
management of their portfolios. You should promptly notify us if there are changes in your financial
situation or if you wish to place any limitations on the management of your account. You may
impose reasonable restrictions or mandates on the management of your account if Three Seasons
Wealth determines, in our sole discretion, the conditions would not materially impact the
performance of a management strategy or prove overly burdensome to the firm's management
efforts.
To the extent a client decides to invest with an Independent Manager or in a particular fund, those
managers and funds will have their own investment practices. Those investment practices are
described in each manager’s Form ADV or fund’s prospectus, or in its offering or other disclosure
documents. In addition, selected money managers or funds typically have discretion to determine
the type and amount of securities to be purchased or sold for the portion of the assets managed by
the money manager or fund.
Selection of Independent Managers
Three Seasons Wealth may select certain Independent Managers to actively manage all or a portion
of its clients' assets. Pursuant to the terms of the investment advisory agreement, Three Seasons
Wealth shall have the discretion to appoint and terminate these third-party advisers. The specific
terms and conditions under which a client engages an Independent Manager may also be set forth in
a separate written agreement with the designated Independent Manager. Certain Independent
Managers require a separate investment advisory agreement with the Independent Manager, while
others do not. In addition to this brochure, clients will also receive the written disclosure documents
of the respective Independent Managers engaged to manage their assets.
Three Seasons Wealth evaluates a variety of information about Independent Managers, which may
include the Independent Managers' public disclosure documents, materials supplied by the
Independent Managers themselves and other third-party analyses it believes are reputable. To the
extent possible, Three Seasons Wealth seeks to assess the Independent Managers' investment
strategies, past performance, and risk results in relation to its clients' individual portfolio allocations
and risk exposure. Three Seasons Wealth also takes into consideration each Independent Manager's
management style, returns, reputation, financial strength, reporting, pricing, and research
capabilities, among other factors.
Independent Managers utilized by Three Seasons Wealth include:
• Unified managed account managers and separate account managers program available
through Wells Fargo & Company (“Wells Fargo”).
• Separately Managed Accounts available through Charles Schwab & Co. (“Charles
Schwab”).
Three Seasons Wealth continues to provide services relative to the discretionary or non-
discretionary selection of the Independent Managers. On an ongoing basis, Three Seasons Wealth
monitors the performance of those accounts being managed by Independent Managers. Three
Seasons Wealth seeks to ensure the Independent Managers' strategies and target allocations remain
aligned with its clients' investment
objectives and overall best interests.
Programs Offered Through Wells Fargo
When utilizing Wells Fargo as the Independent Manager, or managers available through a program
offered by Wells Fargo, investment management services are provided through the Personalized
Unified Managed Account Program and Private Advisor Network Program. The Wells Fargo
programs require clients to sign an investment advisory agreement for access to their programs in
addition to our investment management agreement.
Programs Offered Through Charles Schwab
When utilizing Charles Schwab as the Independent Manager, or managers available through a
program offered by Charles Schwab, investment management services are provided through their
Separately Managed Accounts Program (Managed Account Select, Access or Managed Account
Marketplace. The Charles Schwab programs require clients to sign an investment advisory
agreement for access to their programs in addition to our investment management agreement.
Financial Planning and Consulting Services
Three Seasons Wealth offers different levels of financial planning and consulting services to help our
clients identify, prioritize and work towards their goals and objectives. Our consulting services give
our clients the ability to receive a broad range of financial advice and services, including specific
security recommendations, for the duration of the advisory agreement.
Our process starts with an extensive review of a client's family situation, which includes assets and
liabilities as well as estate, tax, and insurance needs. We then employ a risk tolerance and risk
capacity-focused simulation to get a detailed cash flow analysis and proposed asset allocation.
Together, this information is analyzed to develop a proposed financial plan, which is designed to be
dynamic in nature, ever-evolving due to life changes, along with changes in cash flow needs, risk
tolerance, time horizon, or investment objectives.
Three Seasons Wealth’s financial planning and consulting services may include any of the following
topics:
• Cash Flow Analysis • Financial Record Organizing
• Estate Planning • Charitable Giving
• Education Planning • Concentrated Stock Positions
• Federal Benefits & Health Care • Death and Disability
• Divorce Planning • Liability Management
• Investment Consulting • Tax Planning
• Insurance Review • Family Governance
• Retirement Plan Consulting • Employee Benefits Analysis
While each of these services is available on a stand-alone basis, certain services may also be rendered
in conjunction with investment portfolio management services as part of a comprehensive wealth
management engagement. In performing these services, Three Seasons Wealth is not required to
verify any information received from the client or from the client's other professionals (e.g.,
attorneys, accountants, etc.), and is expressly authorized to rely on such information. Three Seasons
Wealth may recommend clients engage the firm for additional related services, or we may
recommend other professionals to implement our recommendations. These additional services by
Three Seasons Wealth or another professional are provided at an additional cost to you, which is
based on the nature, extent, complexity, and other characteristics of the services. This creates a
conflict of interest because we will have an incentive to recommend additional services based on the
compensation to be received, rather than solely based on your needs, and in some cases, based on
the prospect of cross-referrals of advisory clients from the other professional or his or her firm.
Implementation of financial planning recommendations is entirely at your discretion. You have
complete freedom in selecting a financial adviser to assist you with implementing the
recommendations made in your financial plan and are under no obligation to act on the advice of
Three Seasons Wealth. Financial planning recommendations are of a generic nature and are not
limited to any specific product or service offered by a broker dealer or insurance company. Should
you choose to implement the recommendations contained in the plan, Three Seasons Wealth
suggests you work closely with your attorney, accountant and/or insurance agent.
Three Seasons Wealth will act solely in our capacity as a registered investment adviser and does not
provide any legal, accounting or tax advice. You should seek the counsel of a qualified accountant
and/or attorney when necessary. As part of our advisory services, we may assist clients with tax loss
harvesting and will work with the client’s tax specialist to answer any questions related to the client’s
portfolio.
Family Office Services
Clients may desire services that are not part of our traditional wealth management, financial
planning, or investment management engagement. Some examples include bill paying and expense
management, various aspect of the estate settlement process, financial education for next generation,
broad family support services, family meeting and governance, and many other highly customizable
concierge level services. These services will be negotiated individually based on the complexity and
time commitment required and billed separately through a consulting agreement and can be
cancelled at any time by either party.
Portfolio Management Services for Wrap Fee Program
Three Seasons Wealth offers portfolio management services through a wrap fee program. A bundled
or “wrap fee” program is an advisory fee program under which you pay one bundled fee to
compensate Three Seasons Wealth for portfolio management and trade execution. A wrap fee
program may not be the lowest cost option if you would like to restrict your investments to open-end
mutual funds or other long-term investment products.
Wrap Fee Program Disclosures
• The benefits under a wrap fee program depend, in part, upon the size of the account, the cost
associated with managing the account, and the frequency or type of securities transactions
executed in the account.
• For example, a wrap fee program may not be suitable for all accounts, including but not
limited to accounts holding primarily, and for any substantial period of time, cash or cash
equivalent investments, fixed income securities or no transaction fee mutual funds, or any
other type of security that can be traded without commissions or other transaction fees.
• In order to evaluate whether a wrap [or bundled] fee arrangement is appropriate for you, you
should compare the agreed-upon Wrap Program Fee and any other cost associated with
participating in a Wrap Program with the amounts that would be charged by other advisers,
broker-dealers, and custodians, for advisory fees, brokerage and execution costs, and
custodial services comparable to those provided under our Wrap Fee Program.
Amount of Assets We Manage
As of December 2023, Three Seasons Wealth manages approximately $241,491,163 on a
discretionary basis and $8,476,599 on a non-discretionary basis.