Our extensive financial knowledge will help you navigate the investment world.
Parkway Advisors, LP takes a uniquely consultative approach to investment consulting, reporting, and asset management.
In the investment industry, Parkway is the only investment advisor that truly customizes our services to the needs of our clients by offering stand-alone consulting and reporting services. We firmly believe that the best and most successful busness relationships begin with open communication. Through Parkway's emphasis on personal service, custom solutions, and strong communication, our clients have enjoyed historically strong performance success, even during the financial crisis and the low interest environment that has followed.
"Whatever you do, work at it with all your heart, as working for the Lord, not for men." Colossians 3:23
Think of us as an extension of your team.
Parkway understands that the only way to serve a fraternal insurer is to understand the products that are sold to members, the historical financial statements, the nature of the reserves, current IMR/AVR and RBC characteristics and the risk tolerance and objectives of management. This requires a proactive relationship with management, the board of directors, the actuary and other service providers. In addition, Parkway fundamentally believes that all partners serving an insurance company need to work together. This is why we actively nurture relationships with insurance actuaries, auditors and other providers. Working together with a single direction is key to success and our desire is to be an extension of the team.
Fraternal Benefit Societies
Mutual Insurance Companies
Commercial Life and Health Companies
Commercial Property and Casualty Companies
Why Choose Parkway Advisors?
Consists of former insurance professionals
Tailors services to your specific needs
Offers an experienced statutory reporting department
Understands Statutory and GAAP based accounting
Offers investment services for one all inclusive fee
Has a clear focus on investing for the insurance industry
Easily accessible and available in person for investment-related meetings
To be known as the best, most-respected investment advisor to the insurance industry.
Because insurance investment is such a specialized service, it is important to work with an asset manager and investment advisor who can be a knowledgeable, trusted business advisor to your company. As an insurance focused investment advisory firm, Parkway Advisors seeks not to be the biggest or most profitable company, we strive to be the best, most-respected in the insurance industry.
We realize that "to be the best, most-respected provider of investment services to the insurance industry" is somewhat an audacious goal. However, we have put five strategic objectives into place which help guide us on our way.
To Grow the Company
Growth is the hallmark of any healthy company. We seek to grow Parkway first and foremost through the clients we are privileged to serve and by seeking out and inviting new clients to work with us whose values are closely aligned with our own.
We grow corporately and professionally by continually remaining informed on developments with insurance and investment regulations that affect our clients. We grow personally through enhancing our relationships with one another, with our clients and by seeking to maintain balance in all areas of life. Growing the company means many different things to different people, but to us, it means always moving forward and continually improving, both personally and professionally.
To Be Known as a Great Place to Work
A very important goal of ours is to be known as a great place to work. We know that if our people are taken care of, our clients will be taken care of too. Happy, healthy employees are more productive and efficient, and provide better customer service; that is why we place a high priority on creating a positive working environment for employees. Through excellent benefits, work/life balance programs, motivational book studies, performance plus awards and numerous other life enrichment initiatives, we are helping our employees succeed in an encouraging, mutually supportive work environment.
To Be Known as Helpers of People
We at Parkway believe it is important to not only perform our duties with excellence, but to also develop a corporate conscience and soul, an attitude of service and generosity to others. As employees, we volunteer at and give to local and national non-profit organizations whose mission is to help others.
Corporately and personally our employees regularly volunteer for Meals on Wheels, Boy Scouts of America and various other organizations, including: Camp Courage, a local camp for grieving children; the Joseph Thomas Foundation, a provider of specialty medical equipment for children with special needs; and the Cancer Services Network, a local non-profit supporting under-served cancer patients with related medical expenses.
Learn more about these great local organizations.
To Be Known as The Leading Provider of Investment Services to the Insurance Industry
Our goal is not to become the biggest or even the most profitable investment advisor to insurance companies. Our goal is to become the best, most respected firm and the leading provider of services to insurers. We know that if we strive for excellence in all we do, the profitability of the company will take care of itself. Our clients enjoy our undivided attention, frequent consultations, investment decisions specific to insurers, assistance with investment plans, adept statutory reporting services and much, much more. Our focus is on the individual insurance company's unique needs, which are addressed through a customized, relationship-based approach.
To Achieve Good Financial Results
Achieving good financial results can mean different things in different years. One year, we may achieve record returns, but if it could have been better, it would not be considered good financial results. Another year, we may barely break even, but because of circumstances beyond our control, this could be considered to be good financial results. We believe that as long as we maintain and focus on our five strategic objectives, the last goal of good financial results will inevitably take care of itself.
Camp Courage is a week-long camp for children who have suffered similar losses of a loved one through death, divorce, separation, incarceration or deployment.
Children participate in recreational activities that promote self-esteem, encourage self-healing, and provide an outlet for unexpressed emotions. In addition, with the help of specially trained counselors, campers develop healthy coping skills as a result of the variety of grief exercises offered, which ultimately help build self confidence, trust, and an understanding of the grief process. Children, ages five through 18, who are grieving are encouraged to participate.Click here to learn more.
Cancer Services Network (CSN) provides post-diagnosis assistance to cancer patients, cancer survivors and their families, and caregivers through emotional, social, and direct financial support.
CSN is a local not-for-profit agency serving 19 counties of West Central Texas. Financial assistance is provided for low-income, uninsured and underinsured cancer patients. Cancer patients must be in active treatment; the amount of coverage is based on a sliding scale. For clients meeting the eligibility requirements, CSN can provide cancer prescription medications, medical equipment and supplies, transportation to and from cancer treatment, nutritional supplements, and health insurance premium continuation.Click here to learn more.
The foundation was started to help families who need medical equipment, supplies and other medical needs.
Joseph was a special boy. He needed constant medical care, like most kids with special needs. We know firsthand the pressures this puts on the family, spiritually, emotionally and financially. We feel we can use our knowledge as an outreach and help other families in need.Click here to learn more.
The National MS Society is a collective of passionate individuals who want to do something about MS now-to move together toward a world free of multiple sclerosis.
MS stops people from moving. We exist to make sure it doesn't. We help each person address the challenges of living with MS through our 50-state network of chapters. The Society helps people affected by MS by funding cutting-edge research, driving change through advocacy, facilitating professional education, and providing programs and services that help people with MS and their families move their lives forward.Click here to learn more.
Theron R. Holladay, Sr., CFA
President and Chief Executive Officer
Lisa L. Davidson
Principal and Chief Operating Officer
Chad B. Hoes
Chief Investment Officer
Theron R. Holladay, Sr., CFAtheron.email@example.com
Mr. Holladay has been with Parkway Advisors since its inception and has over 20 years of insurance investment and accounting experience. His background includes extensive insurance portfolio modeling experience aimed at reducing risk by lowering future surplus volatility. With an in-depth understanding of statutory accounting, he is focused on how each investment transaction enhances the net investment income and adds to the surplus of the client. Of equal importance is his vision that each portfolio is unique and designed to provide for the specific insurance products that are sold by that client.
Prior to joining Parkway, Mr. Holladay was the Portfolio Manager for an insurance company. He has served on a national committee for insurance accounting software development and as a beta tester for new industry statutory accounting software. The core of his experience is centered on understanding insurance liabilities and how they relate to the assets of the insurer. He has worked closely with top actuaries in the industry and is experienced with some of the industry's top actuarial software programs. Mr. Holladay has specific experience in structured finance, cash flow sensitivity testing, and credit analysis. His passion and focus is incorporating all aspects of an insurance company's specific needs, products, and objectives in order to optimize the investment portfolio. Mr. Holladay holds the CFA (Chartered Financial Analyst) designation and has a degree in Finance/Psychology. His extensive knowledge is well respected within the industry and he is dedicated to staying informed of the changing regulations within the insurance industry. His focus for Parkway is centered on service to the insurance industry by integrating biblical principles throughout the organization.
Lisa L. Davidsonlisa.firstname.lastname@example.org
Ms. Davidson is a Principal of Parkway and has been with the company for the last 13 years. She has served in her current capacity as Chief Operating Officer for the last 3 years. She joined Parkway with previous insurance experience that included the preparation of statutory investment schedules, annual statement development and investment department functions. Her past accounting experience with both Life and P&C companies has greatly enriched the value Parkway adds to its clients. Ms. Davidson has a detailed knowledge of special insurance reporting that includes Schedule D, Schedule E, IMR/AVR, Summary Investment Schedule, Risk Based Capital, A.M. Best Reports and others. She is trained on top insurance accounting software and often develops training tools for employees and insurance clients.
Ms. Davidson's unique in-depth knowledge of both investment vehicles and statutory accounting allows her to model the impact of potential or proposed investment choices on the financial statements of the company. Her professional approach, expertise, and attention to detail have aided her in the oversight of Parkway's client reporting department. In addition to oversight of the department, Ms. Davidson works directly with insurance clients in many areas related to the comprehensive consulting services of Parkway. She is a member of the North American Securities Valuation Association (NASVA) and attends regulatory meetings. She is extremely knowledgeable of NAIC and state insurance regulations and has a dedicated educational approach when working with her team. She is also a Registered Investment Advisory Representative and able to serve Parkway and clients in many areas when needed.
Chad B. Hoeschad.email@example.com
Mr. Hoes' investment experience is enriched with over 10 years of dedicated focus on insurance portfolios. He has a detailed understanding of investment impacts on the statutory financials of an insurer. As CIO, Mr. Hoes is responsible for the oversight and management of all insurance portfolios. His expertise lies in analyzing and investing insurance assets based upon an overall total book yield approach and structuring portfolios to optimize the relationship between assets and the specific products of each client. Moreover, he grasps true insurer diversification as it relates to surplus/unassigned funds. Mr. Hoes has a proficient understanding of credit analysis for various securities in addition to being versed in cash flow modeling and testing on various portfolios.
Mr. Hoes is a graduate of Hardin-Simmons University in Abilene, Texas with a Bachelor of Business Administration degree in Finance. He also holds a Masters of Business Administration from Texas A&M in Commerce, Texas. Mr. Hoes truly enjoys being able to serve clients as he works diligently to structure the best possible portfolio for each client based on their unique needs. He is continually researching and learning more about insurers and Parkway's ability to offer services and results that best match each insurer's specific desires. Mr. Hoes is also a Registered Investment Advisory Representative.
Jennifer Richardson, CPA
CFO & Chief Compliance Officer
Regulatory Compliance Analyst
Mr. Timmermann is well versed in investing for insurance companies as well as the effects that transactions have on statutory financials. Mr. Timmermann is a co-manager on all insurance accounts and specializes in investing in fixed income securities while focusing on book yield and proper diversification. He is proficient in assessing risk within a portfolio and properly addressing these risks. Additionally, Kyle is proficient in ERM (Enterprise Risk Management) planning, RBC (Risk- Based Capital) requirements, and ALM management. Finally, he is knowledgeable in credit analysis for various securities in addition to being versed in asset liability modeling on various portfolios.
Mr. Timmermann is a graduate of Hardin-Simmons University. He received his Bachelor of Business Administration with a dual major in economics and finance with an emphasis in accounting. He enjoys the interaction between clients and Parkway Advisors. Having this close relationship with clients allows for effective management and allows us to best serve our clients. Mr. Timmermann is also a Registered Investment Advisor Representative.
Jennifer Richardson, CPAjennifer.firstname.lastname@example.org
Jennifer Richardson joined Parkway in 2004 and has served as the Chief Compliance Officer since 2009. Jennifer is a Certified Public Accountant with a Bachelor of Business Administration degree in Accounting and has over 25 years of dedicated experience in the investment industry. These unique qualifications work very effectively with her comprehensive regulatory focus to ensure Parkway has a very stable procedural platform from which to operate. As CCO, she oversees the Internal Audit Department.
Her background in accounting encompasses GAAP, Tax and Statutory Accounting for both advisory firms and insurance companies. This knowledge base works well in serving Parkway and our insurance clients through our consulting platform. One aspect of her service to insurance clients is to assist with auditor and examiner requests, accounting inquiries and policy development. In addition, Jennifer prepares financial statements and budgets and handles the accounting and administrative functions for Parkway. She is responsible for regulatory compliance oversight, including the preparation of the company's Form ADV. Jennifer is a Registered Investment Advisory Representative with portfolio management experience. This allows her to aid and back-up the portfolio management team when necessary.
Ms. Dorsett is the Regulatory Compliance Analyst for Parkway Advisors. With experience and education in banking, Ms. Dorsett brings a unique set of skills to this eclectic position and serves Parkway in numerous capacities. As an analyst for our internal audit team, her attention to detail serves as assurance to clients that client reports are verified internally for accuracy and regulatory compliance. In addition to this role, Ms. Dorsett is in charge of the trade management platform and back office operations of Parkway. With detailed training in investment statutory reporting for insurance companies, she is able to integrate seamlessly the flow of information from trade executions to the statutory accounting team of Parkway.
Ms. Dorsett focuses diligently on continuing education relating to regulation of both the NAIC and the SEC. She is a graduate of Sam Houston State University with a Bachelor of Business Administration degree in Banking that includes an accounting focus. Ms. Dorsett came to Parkway in 2011 from the banking industry and very quickly added value to the organization in the areas of process development and work flow. While Ms. Dorsett has many roles at Parkway, her passion is in service to others. She has always felt the relationships aspect with insurance clients is the most rewarding portion of work. As a result, she works diligently to maintain Parkway's relationship database that helps serve clients in times of need and celebration.
Kelle Case Wilson
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Theron R. Holladay, Sr.
God has blessed me with an amazing wife of 20 years and two beautiful children. My desire is to cherish every moment; therefore my hobbies all involve family time. Traveling together has provided some amazing learning experiences for our children. I especially appreciate the opportunities to share with them the beauty and diversity the Lord has created. As a family, we enjoy meeting new people and learning about other cultures while creating lasting memories. In 2013, we had the opportunity to visit both Japan and Singapore. This trip provided some amazing cultural learning opportunities and gave us memories that we will cherish for a lifetime. In addition, we also enjoy seeing the natural wonders created by God. Any visit to such a sight always leaves us very reflective as a family.
Lisa L. Davidson
I grew up around here, and it was really great to get to take my daughter sightseeing around New York. Our favorite place to visit was Ellis Island, where so many people in America can trace back their roots and family history. After visiting Ellis Island we arrived at my niece's wedding, where my daughter met family members she'd never even seen before. It was a wonderful homecoming trip in so many ways. We came away with the sense that family and roots are important. They teach us who we are and where we come from, but more so, they teach us of the kind of courage and greatness we are capable of.
I took this picture from the Mount of Olives looking down over the city of Jerusalem. My trip to Israel was one of the best experiences of my life. I went to Bethlehem and saw the Church of the Nativity, which is the oldest standing church in the Holy Land, and the place where Jesus was born. I sailed on the Sea of Galilee in a wooden boat, waded in the Dead Sea and watched over seventy people be baptized in the River Jordan. I visited the city of Nazareth and saw the ruins of the house where Peter lived in Capernaum. I saw the Garden of Gethsemane, the Western Wall and the Garden Tomb. I climbed the steps on the south side of the Temple Mount where Jesus preached and walked the Via Dolorosa along the Stations of the Cross. It was an amazing experience and I never dreamed I would be able to see so many places described in the Bible. The trip strengthened my faith and is something that I will never forget.
I enjoy spending my extra time in Ruidoso, NM. My family has a cabin in Upper Canyon where we spend all our holidays together. I love being outside doing activities like snow skiing and mountain climbing. We also help a local church with their elderly ministry where we take them something little and talk with them. A lot of them do not have anyone besides their church looking after them. There's so much stuff going on in everyone's life and I feel so blessed to be able to spend time with all my family at such a beautiful and special place!
Some of who I am comes from growing up with an Italian family. Both of my maternal grandparents are full Italian as well as my mother. Some of my fondest memories of being a kid include having a big spaghetti lunch every Sunday at my grandma’s house with all the cousins, aunts and uncles. I loved making Italian cookies with my Grandma Rose and being greeted at the door by her every time we would visit, her with bowl in hand, telling us to "eat, eat, you look so skinny". Although my grandma passed away in 1999 I'm overly blessed to still have my grandpa, Biagio, in my life. He is a 90 year old jokester who is full of stories and laughs. I have no doubt that's where I get my "unique" sense of humor from and I'm so thankful that my three kids get to experience and be a part of the heritage that I grew up with.
One of my favorite things to do is travel. When given the chance to see a new place, (near or far) I always jump at the opportunity. The thrill of seeing a new city, landscape, or geographic region is quite spectacular to me. Fortunately, I have family that lives all over the world so I usually have a good excuse to take my next adventure. To me, the best part of traveling is meeting new people. I have been blessed to encounter strangers all over the world whom are more than willing to lend me a helping hand, point me in the right direction, or merely advise me on the best "local" attractions. Being able to make connections with people like this is the reason I love to travel and hope to never stop.
Chad B. Hoes
I love spending time with my family. We are an active family that participates in many active, outdoor activities. My sons are Cub Scouts and we enjoy family campouts and various scouting activities. I'm blessed to be able to have moments like these where we can get away from things and enjoy family time together. I enjoy intentional time with my kids and engraining in them a lifelong pursuit of being active.
Theron R. Holladay, Sr.
President and Chief Executive Officer
Lisa L. Davidson
Principal and Chief Operating Officer
CFO and Chief Compliance Officer
Regulatory Compliance Analyst
Chad B. Hoes
Chief Investment Officer
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