Parsons Capital Management Inc

RIASEC RegisteredEst. 1993

Total AUM

$2.4B

Discretionary

$2.4B

99% of AUM

Avg account

$1.2M

Accounts

1,942

Employees

Advisory reps

Firm details

Headquarters: Providence, Rhode Island
CRD number: 106295
Registered since: November 23, 1993
Website: parsonscapital.com
Custodians: CHARLES SCHWAB & CO., INC., NATIONAL FINANCIAL SERVICES LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI86.38%
Individuals5.38%
Charitable Organizations5.36%
Corporations / Businesses2.2%
Pension & Profit Sharing Plans0.68%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Parsons Capital Management Inc is an independent registered investment adviser that has been SEC-registered since 1993. The firm serves both individual and family clients as well as institutional clients, delivering financial planning and portfolio management for individuals, small businesses, and institutions. Its fee arrangements include a percentage of assets under management as well as hourly and fixed-fee engagements. Parsons reports an equity-oriented preference and is not identified as an active ESG investor or a pension consultant. Parsons has been recognized in industry lists over multiple years, including placement on CNBC’s Top 100 Financial Advisory Firms in several years and inclusion in Citywire’s 50 Growers Across America lists. The firm operates as a corporate entity with a domestic ownership structure and is classified as an independent RIA rather than a capital allocator.