FirmDescription:
Parkway Advisors, L.P. (“Parkway”) is an investment advisory service firm that is focused on
managing assets for insurance companies. Parkway also manages assets for investment
companies, pension plans, trusts, individuals, business entities and other institutions.
Parkway is a Limited Partnership owned by Parkway Advisors Group, Inc. (General Partner)
and Parkway Advisors Holdings, Inc. (Limited Partner). Both of these entities are wholly
owned subsidiaries of Directors Investment Group, Inc., a holding company of several
businesses which include agencies and insurance companies. Parkway was formed in April
of 2001 and has been registered with the SEC as an investment adviser since May 16, 2001.
DescriptionofAdvisoryServices:
Custom Advisory Program: Parkway provides investment advisory services to its
clients by advising and/or effecting purchases and sales of securities such as equities,
options, debt instruments, certificates of deposit, municipal and governmental
securities and/or mutual fund shares in or for its clients’ accounts which will provide
proper diversification and help meet the client’s stated investment objectives.
Investment Reporting Program: Parkway also, in conjunction with its insurance-
related advisory clients, provides certain industry reporting services. The
Investment Reporting Program includes services such as: insurance investment plan
writing, asset cash flow generation, account review, investment performance review,
accounting, and related reporting (Schedules D, DA, E, IMR/AVR, RBC). Fees
associated with
these services are negotiated on (a) an asset-based fee rate together
with the Custom Advisory Program, (b) a fixed fee based on various account factors
such as: size, complexity, and duration.
Investment Consulting Program: Parkway also, in conjunction with its insurance-
related advisory clients, provides certain industry consulting services. The
Investment Consulting Program includes services such as: evaluation and assistance
with investment policy, analysis of portfolio structure, financial reporting, asset-
liability assessment, peer review, product integration and risk evaluation. Fees
associated with these services are negotiated on a fixed fee basis or together with the
Custom Advisory Program. The amount of fixed fees is based on various account
factors such as: size, complexity, and duration.
401k Advisory Program: Parkway Advisors provides investment solutions for all
types of retirement plans, including defined contribution (401(k), 403(b), IRAs,
profit sharing, and defined benefit plans (pensions). Parkway can create or manage
an existing Retirement Plan. Parkway coordinates all necessary components of a
successful program, including a fund custodian or trustee, investment advisory
services, administration, record keeping, training and customer service.
WrapFeePrograms:
Parkway Advisors does not participate in wrap fee programs.
ClientAssetsUnderManagement:
As of December 31, 2023, Parkway managed approximately $3.154 billion of client assets on
a discretionary basis and approximately $250 million of client assets on a non-discretionary
basis.