# Franklin, Parlapiano, Turner & Welch LLC

> Franklin, Parlapiano, Turner & Welch LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2007, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 16, 2026.

- CRD: 114465
- Filed as: FRANKLIN, PARLAPIANO, TURNER & WELCH LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: July 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/114465
- AdvisorCensus page: https://advisorcensus.com/firm/franklin-parlapiano-turner-and-welch-llc-houston-tx-114465

## Quick answers

**How is Franklin, Parlapiano, Turner & Welch LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Franklin, Parlapiano, Turner & Welch LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Franklin, Parlapiano, Turner & Welch LLC located?**
Franklin, Parlapiano, Turner & Welch LLC's principal office is in Houston, TX, according to its Form ADV.

**Is Franklin, Parlapiano, Turner & Welch LLC registered with the SEC or a state?**
Franklin, Parlapiano, Turner & Welch LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 114465.

**How much does Franklin, Parlapiano, Turner & Welch LLC manage?**
Franklin, Parlapiano, Turner & Welch LLC reports $811,462,871 in regulatory assets under management in its Form ADV filing dated July 16, 2026 (100% discretionary).

**How have Franklin, Parlapiano, Turner & Welch LLC's assets and staff changed since 2021?**
In the Form ADV data for Franklin, Parlapiano, Turner & Welch LLC: Regulatory assets under management: $574,719,405 in the October 2021 data and $811,462,871 in the October 2026 data, up 41%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Franklin, Parlapiano, Turner & Welch LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (104).

**Which custodians does Franklin, Parlapiano, Turner & Welch LLC use?**
Franklin, Parlapiano, Turner & Welch LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Franklin, Parlapiano, Turner & Welch LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/114465

**Does Franklin, Parlapiano, Turner & Welch LLC state an account minimum?**
Its Form ADV Part 2A brochure dated July 16, 2026 says: "FPTW generally requires an aggregate relationship minimum of $3,000,000 to commence an engagement."

**What changed in Franklin, Parlapiano, Turner & Welch LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 5 to 4.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated July 16, 2026)

- Account minimum: $3,000,000

> FPTW generally requires an aggregate relationship minimum of $3,000,000 to commence an engagement.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $811,462,871
- Discretionary: $811,462,871
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $823,786 |
| High net worth individuals | 104 | $810,639,085 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2007 (19 years)
- Employees: 9 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: LA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [fptwllc.com](https://fptwllc.com)
- [ftwllc.com](https://ftwllc.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $574,719,405 | 9 | March 30, 2021 |
| October 2022 | $697,254,830 | 8 | March 30, 2022 |
| October 2023 | $651,030,839 | 9 | March 30, 2023 |
| October 2024 | $723,266,875 | 9 | March 27, 2024 |
| October 2025 | $771,035,216 | 9 | July 24, 2025 |
| October 2026 | $811,462,871 | 9 | July 16, 2026 |

Regulatory assets under management: $574,719,405 in the October 2021 data and $811,462,871 in the October 2026 data, up 41%.
Total employees: 9 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 4.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Franklin, Parlapiano, Turner & Welch LLC (CRD 114465): Form ADV filing data as of October 2026.