Sean Parchment is a registered investment advisor at First Trust Advisors LP, based in Neponsit, NY, with 25 years of industry experience. Sean operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 5,033 clients with $260B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
First Trust Advisors (FTA) provides investment advice through separately managed accounts (SMAs). The fees for these services are listed in the FTA Fee Schedule. These fees do not include custody, trade execution, or other account service fees. Clients may also indirectly bear the expenses of funds their SMAs invest in. The advisory fees are assessed quarterly, generally in advance, but may be assessed in arrears for certain wrap programs. Refunds are prorated if an SMA is closed before the end of a quarter, but may not be refunded if closed in the last 30 days of a quarter.
Location
Neponsit, NY
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
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Sean is an investor in Ainslie Bowery, a restaurant, since June 2022. He dedicates minimal time to this non-investment-related activity.
Employment History
Current Registrations
First Trust Advisors LP
First Trust Portfolios L.P.Broker
First Trust Portfolios L.P.
Previous Registrations
Proshare Advisors LLC
Profunds Distributors, INC.Broker
Stadion Money Management, LLC
Alps Distributors, INC.Broker
Mutual of Omaha Investor Services, INC.Broker
Neuberger Berman LLC
Neuberger Berman LLCBroker
Seligman Advisors, INC.Broker
UBS Securities LLCBroker
Prudential Securities IncorporatedBroker
Credit Lyonnais Securities (USA), INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.