# Parks Wealth Management

Parks Wealth Management is a Bank / Wealth / Trust based in Ridgewood, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Ridgewood, United States
- **Region:** North America
- **Address:** Ridgewood, NJ, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** parkswm.com
- **LinkedIn:** https://www.linkedin.com/company/parks-wealth-management

## Regulatory record

- **CRD number:** 339555
- **Registration status:** State-Registered Investment Adviser (IN) — not registered with the SEC; per IAPD as of 2026-10-22
- **Reports private funds:** No

## About

Parks Wealth Management opened in 2000 as an independent registered investment advisor in Ridgewood, New Jersey. President and wealth advisor Jim Parks, a CERTIFIED FINANCIAL PLANNER™ and Accredited Investment Fiduciary, built the firm around a personal-chief-financial-officer service model for families. The firm's independence means it carries no proprietary investment products, a constraint that shapes every client recommendation. The firm delivers asset management, financial planning, and pension consulting services through a holistic planning lens. Its website emphasizes retirement planning, education funding, home purchases, and debt management as the core problems it solves, rather than narrowing to a single asset class or product suite. Parks Wealth Management operates as a fiduciary, which requires it to act in clients' best interests on every engagement. The firm serves a diverse group of families from its single office in Bergen County and states explicitly that it can work with clients remotely from anywhere. The seven-person team includes President James Parks, Wealth Advisor Jonathon Allen (also a CFP), Director of Client Services Ania Karcher, and Director of Business Administration Felicia Parks. The group describes itself as a family environment where team members are empowered to solve client problems the day they arise. A dedicated Client Relationship Manager and a Planning Assistant with a Ph.D. support the advisory function. No recent fund closes, acquisitions, or public partnership announcements were identified in the last 24 months. Its structural differentiator is the combination of an independent fiduciary charter with a family-run operating culture. Unlike large bank-affiliated wealth managers that distribute house products, Parks Wealth Management's no-proprietary-product pledge means its advisors select from third-party solutions only. The explicit family presence across advisory, client-services, and business-administration roles — including both James and Felicia Parks — embeds succession and continuity into day-to-day operations without a separate family-office legal structure.

## People

- James T. Parks — President & Wealth Advisor
- Jonathon M. Allen — Wealth Advisor
- Ania Karcher — Director of Client Services
- Felicia Parks — Director of Business Administration

## Questions

### Does Parks Wealth Management use proprietary investment products?

No. The firm's website explicitly states that it acts with an obligation to do what is right, with no proprietary investment products. This means its advisors select from third-party solutions only, removing the conflict of interest that can arise when an advisory firm manufactures its own funds or structured products.

## Related profiles

- [Parkstone Wealth Management](https://altss.com/profile/parkstone-wealth-management)
- [Park Town Capital](https://altss.com/profile/park-town-capital)

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Updated: 2026-10-24T08:54:41.438Z

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