Jim Parks, President and Wealth Advisor, has always had an interest in financial products and services, beginning with a curiosity about stocks from a young age. Over time, that curiosity grew into a passion for meeting people, understanding their goals, and helping them achieve their objectives. Assisting clients with their financial planning since 1991, he has vast experience leading clients through both strong and weak financial markets, and guiding them to avoid both the reactions and behaviors that often lead people to make investment mistakes. He has helped clients, including executives and successful business owners, fund retirement plans, gift money to family, and become debt free homeowners. By listening, analyzing, planning and drawing on decades of experience, Jim helps clients answer the broad financial questions surrounding security for the future, bucket list dreams, and retirement.
In his role as Wealth Advisor, Jim creates diversified portfolios to manage clients’ specific tax, insurance, and estate planning objectives. Understanding these important goals and then simplifying financial lives so they are aligned to pursue these goals, Jim partners with clients to help secure their path. As President, he works to ensure every member of his team is focused on the same goals, client partnerships and vision for ensuring their clients’ sound financial futures.
Utilizing focused tools, including a Wealth Management Solution website that charts a client’s investments, bank accounts, mortgages, credit cards, and retirement plans for a current and up-to-date snapshot, Jim helps clients visualize their big picture goals and how clients can work to target those dreams. Drawing on expertise in tax planning, estate planning, and expense tracking, Jim helps clients understand day-to-day, annual, and long term strategies. As the mission statement says, it is all about implementing strategies for growth and the preservation of wealth to ensure the realization of future dreams.
Jim gained early industry experience at John Hancock but quickly realized he wanted more opportunities and options for his clients. Within four years he established himself as an independent financial planner, and inside 10 years, had formed Parks Wealth Management. Jim earned a Business Administration Degree from Bryant University and later, recognition as a Certified Financial Planner®, an Accredited Estate Planner® and Accredited Investment Fiduciary®.
When he isn’t focusing on his clients’ financial dreams, he is living out his own. Jim has enjoyed traveling with his wife and their three children to destinations that include Italy, The Big Island of Hawaii, San Diego and Arizona. When at home, Jim has enjoyed coaching his children in soccer, baseball, and softball, and participating in his own athletic endeavors including triathlons. In 2014, Jim completed the Hawaii Ironman where he and a partner used their racing efforts to raise more than $10,000 for the Relief Bus, a program to support the poor and homeless in the New York/New Jersey area. Jim has been Co-Race director for the North Haledon Rock and Fun 5K for Education for 6 years and co-chair of the Ridgewood Chamber High School Scholarship Fund Golf Outing.