BP
BP

Bobby Parks

18 Years of Experience
Fayetteville, AR
Sells Insurance

Bobby Parks is a registered investment advisor at Cornerstone Advisors LLC, based in Fayetteville, AR, with 18 years of industry experience. Bobby operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, High Net Worth, Insurance Planning, Investment Management, and 2 more. Their firm serves 71 clients with $7.2M in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
4 advisors
Number of Clients
71 clients
Average Client Portfolio
$101K average
Assets Under Management
$7.2M

Fee Structure

Minimum Investment:None
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Fees are generally negotiable. Pension consulting services have a separate tiered fee schedule ranging from 1.25% to 2.00%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location

4201 Shiloh Dr, Suite 1600, Fayetteville, AR, 72703

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History

Regulatory History
Clean regulatory record

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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Other Business ActivitiesSells Insurance

Bobby is a sales broker for Oklahoma Financial Network, LLC, an insurance brokerage, since 2003. He dedicates minimal time to selling various insurance products, including life, property/casualty, health, and annuities.

Employment History
Current Registrations
Cornerstone Advisors LLC
March 2026 - Present · 7 mos
Previous Registrations
Cornerstone Advisors LLC
January 2023 - December 2025 · 2 yrs 11 mos
Cornerstone Registered Investment Advisors
July 2021 - August 2023 · 2 yrs 1 mo
MML Investors Services, LLCBroker
March 2017 - February 2020 · 2 yrs 11 mos
MML Investors Services, LLC
March 2017 - February 2020 · 2 yrs 11 mos
Msi Financial Services, INC.
May 2013 - March 2017 · 3 yrs 10 mos
Msi Financial Services, INC.Broker
July 2006 - March 2017 · 10 yrs 8 mos
Metropolitan Life Insurance CompanyBroker
July 2006 - July 2007 · 1 yr
State Registrations1 state
OK
Advisor

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.

Exams
No exam information available for this advisor.
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