The Parks DuMontier Financial Group of Truist Investment Services, Inc. The Parks DuMontier Financial Group of Truist Investment Services, Inc.

The Parks DuMontier Financial Group of Truist Investment Services, Inc.

2501 20th Pl S

Suite 110,

Birmingham, AL 35223-1701

parks-dumontier@truist.com

Phone 205-445-2227

Fax 205-445-2276

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Who we are

Headquartered in Birmingham, AL, The Parks-DuMontier Financial Group of Truist Investment Services, Inc., has distinguished itself by providing customized advice and guidance to a select group of corporate executives, business owners, and affluent families.

We are a seven-member team that has been entrusted with over $700MM in assets, as of January 2024. We are relentless in our focus on risk-adjusted performance relative to a client’s long-term goals. We bring warmth, compassion, and coordination to our clients’ wealth management that we feel is distinctive. 

Focused on bespoke planning for affluent investors, our white-glove approach provides our clients with the knowledge and confidence to make sound decisions for their desired outcomes. Whether you are saving for retirement, putting children through college, or simply leaving a legacy, your priorities are our priorities. 

Managing the complex needs of high-net-worth clients requires a team that takes a holistic approach to wealth management. By leveraging our vast experience, we work closely with our clients to create a personalized portfolio balanced in a manner that is suited to their unique objectives. We have a strong appreciation for our clients and understand that each one has their own, unique story. To make sure we provide the most attentive service, we work with a select number of clients. This allows us to know our clients on a personal level and develop lasting relationships.
Check the background of this investment professional on FINRA's BrokerCheck

Specialties

  • Exclusive educational events, whitepapers, articles, podcasts, legacy planning, next-generation education

  • Innovative, customized risk management strategies and solutions in partnership with McGriff and Truist Life Insurance Services, designed to protect every facet of your assets and income.

  • Market strategy insights, strategic and tactical asset allocation guidance, open-architecture investing platform, long-term investment strategies, alternative investments, private equity and debt offerings, and more

  • Wills; trust, estate, gift, wealth transfer, and generation-skipping tax planning; estate administration and settlement; and more

  • Philanthropic strategies, charitable structure evaluation, private foundations and grant management, donor advised funds

  • Top-notch service delivery and support for the private banking needs of business-owners

  • Market strategy insights, strategic and tactical asset allocation guidance, open-architecture investing platform, long-term investment strategies, alternative investments, private equity and debt offerings, and more

Ryan M. Parks
Ryan M. Parks
Managing Director, Financial Advisor
Joseph D. DuMontier
Joseph D. DuMontier
Managing Director, Financial Advisor
Kristina A. Palangi, CFP® ChFC
Kristina A. Palangi, CFP® ChFC
Vice President, Business Development Officer
Sarah Frances Shotts
Sarah Frances Shotts
Assistant Vice President, Registered Client Service Associate
Kelly L. Burns
Kelly L. Burns
Client Service Associate
EVALUATE CURRENT GOALS AND OBJECTIVES
Working closely with you, we will assess your current financial condition and objectives, as well as your risk tolerance. We will develop a long-term strategy designed to align with your objectives and risk parameters.

DEVELOP AN INVESTMENT PLAN
We will prepare a personalized investment plan, complete with expected rate of return targets, allocation guidelines, liquidity needs, and rebalancing procedures. Ongoing investment decisions are based on the plan, and its appropriateness will be reviewed on a regular basis.

IMPLEMENT PORTFOLIO DESIGN
The Parks-DuMontier Financial Group will recommend specific strategies and investments with which to implement your asset allocation plan. We consider the optimal tax location of each investment if you have tax-deferred and taxable accounts. We also factor in possible capital gains or losses. The execution strategy will depend on a specific asset allocation, as well as liquidity, tax, cost, and other considerations that have been reviewed in the planning process.

MANAGE PORTFOLIO
Once the portfolio design is implemented, we work to help address risk by monitoring the underlying investments and periodically rebalancing to the target asset class weight. Rebalancing occurs on the basis of time, as well as how far markets have moved the portfolio allocation from the target. We utilize portfolio management and rebalancing technologies that allow for the monitoring and oversight of all portfolio holdings and their allocations for the assets we manage.

MEASURE AND REPORT RESULTS
Periodic reviews of needs, circumstances, and requirements are critical to help an investment plan succeed. On a regular basis, we will provide you with a succinct analysis of the performance and risk of your portfolio. You also will receive monthly account statements and transaction confirmations from Truist Investment Services, Inc.
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