He parades around, making a point (9)
I believe the answer is:
spearhead
'a point' is the definition.
(I know that spearhead is a type of point)
'he parades around' is the wordplay.
'around' is an anagram indicator.
'he'+'parades'='heparades'
'heparades' with letters rearranged gives 'SPEARHEAD'.
'making' acts as a link.
(Other definitions for spearhead that I've seen before include "Group leading an attack" , "Lead (an attack or movement)" , "the sort of point best missed" , "in the van" , "come first" .)