Parsec Financial - Charlotte

Retirement Planning Firm in Charlotte, NC

Firm Info
Address: 227 W Trade St # 1840, Charlotte, NC 28202, USA
Phone: (704) 334-0894

Firm Size
Assets Under Management: $4.2 billion
# of Advisors: 31
# of Clients: 6,171
Client to Advisor Ratio: 199:1
Average Account Size: $684,865
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management for Businesses or Institutional Clients
  • Pension Consulting Services
  • Selection of Others Advisors

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Fixed Fees (Other than subscription)

Get Connected with a Financial Advisor

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Parsec Financial Overview

PARSEC FINANCIAL is a well-established fee-only registered investment advisory firm based in Asheville, NC. Founded in 1981, the company has years of experience in the investment industry and has gained a reputation for providing expert financial advice to its clients. As a registered accounting firm, PARSEC FINANCIAL offers a broad range of investment advice and financial planning services. The firm's fee-only arrangement ensures that its services are free from commission-based incentives. This means that clients can trust that the advice offered by PARSEC FINANCIAL is unbiased and tailored to their specific needs. The company's portfolio management services cater to individual and small business investors, as well as providing portfolio management for businesses and institutional clients. PARSEC FINANCIAL also offers pension consulting services, a valuable service in today's complex investment landscape. The firm's pension consulting services help businesses navigate the regulatory requirements of setting up and managing employee retirement plans. Furthermore, PARSEC FINANCIAL offers clients the option to choose from a selection of other advisors who can provide additional financial guidance. Overall, PARSEC FINANCIAL's many years of experience, fee-only arrangement, and comprehensive range of services make it a leader in the registered investment advisory industry. With its headquarters in Asheville, NC, the firm is well-positioned to meet the financial planning and investment needs of clients across the United States.

PARSEC FINANCIAL caters to an extensive range of clients, including individuals seeking to manage their personal finances, high net worth individuals with complex financial portfolios, pension or profit sharing plans, and charitable organizations looking to leverage their financial assets. Additionally, PARSEC FINANCIAL serves a varied group of corporations, including those not specifically mentioned here. Their commitment to personalized service ensures that each client receives customized financial advising services based on their unique financial needs and circumstances. PARSEC FINANCIAL offers a range of fee structures, depending on the services that they provide to their clients. Clients may be charged a percentage-based fee on assets under management, which provides an incentive for the firm to grow clients' portfolios. Alternatively, fixed fees may be charged for certain consulting or advisory services. Clients can expect transparent and competitive pricing from PARSEC FINANCIAL, as the firm's mission is to put clients' interests first. They also aim to educate clients on financial matters to promote informed decision-making and autonomy when it comes to personal or organisational finance. Overall, the firm is committed to empowering clients to achieve their short- and long-term financial goals by tailoring their services to each client's unique needs.

Typical Clients, Fee Structures & Investment Minimum

The Part 2 Brochure for Parsec Financial notes that there is no minimum account size required. This means that investors can open an account with Parsec Financial regardless of how much they are looking to invest. The firm's investment minimum is therefore not applicable, as there is no minimum amount that investors need to contribute in order to open an account. This can be advantageous for investors who are just starting out or who have limited funds to work with, as they are not restricted by a high investment minimum.

How This Office Can Help Charlotte, NC Residents

Edward Jones is a financial services firm that assists clients in Jackson County, MS by providing personalized financial solutions to meet their specific needs. As a resident of Jackson County, you may be facing unique financial situations such as hurricane damage, fluctuating climate conditions, high health care costs, or retirement planning. Edward Jones can help you navigate these challenges by offering a wide range of services and products, such as investment planning, insurance, retirement planning, estate planning, and wealth management. Edward Jones works closely with clients to understand their financial goals, risk tolerance, and investment preferences. They then use this information to craft a customized investment strategy that aligns with the client's values. Furthermore, Edward Jones provides access to a team of highly trained financial advisors who can advise clients on a wide range of financial matters, from debt reduction to tax-efficient investing. With Edward Jones, clients in Jackson County can feel confident knowing they have a partner who understands their unique financial needs and is committed to helping them achieve their financial goals.

To view the Minimum Investment and Fee Schedule for Parsec Financial, visit their Part 2 Brochure.

Services Offered by Parsec Financial

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Parsec Financial most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Fixed Fees (Other than subscription)
Unavailable
Hourly
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 227 W Trade St # 1840, Charlotte, NC 28202, USA
Phone (704) 334-0894
Opening Hours
  • Mon 8:30 AM–5 PM
  • Tue 8:30 AM–5 PM
  • Wed 8:30 AM–5 PM
  • Thu 8:30 AM–5 PM
  • Fri 8:30 AM–5 PM
  • Sat Closed
  • Sun Closed
Directions
Google My Business Reviews:
5 Stars  |  1 Reviews

Other Office Locations

Firm Headquarters
Firm headquarters location 6 WALL ST, ASHEVILLE, NC 28801, United States

This firm has no other locations.

State Registrations

Parsec Financial is registered to service clients in the following states:

  • Alabama
  • Arizona
  • California
  • Colorado
  • Connecticut
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Illinois
  • Indiana
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Ohio
  • Oregon
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • Washington
  • Wisconsin

Disciplinary History

Parsec Financial does not have any disclosures. Please visit it's Form ADV for more details.

FREQUENTLY ASKED QUESTIONS

Retirement Planning FAQs