Parsec Financial - Southern Pines

Wealth Management Firm in Pinehurst, NC

Firm Info
Address: 140-B SW Broad St, Southern Pines, NC 28387, USA
Phone: (910) 684-8054

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

* required fields

Parsec Financial Overview

PARSEC FINANCIAL is an accounting firm that is registered as an investment advisory firm providing investment advice. Founded in 1981, the firm has been providing top-notch financial planning services to individuals and small businesses for more than three decades. Based in the charming city of Asheville, North Carolina, the firm has accrued an impressive level of expertise over the years. PARSEC FINANCIAL has an impressive fee arrangement, operating solely on a fee-only basis. This means that clients can rest easy knowing that the firm does not receive commissions or any other payments for recommending particular investments. Apart from financial planning, PARSEC FINANCIAL offers a range of top-quality services, including portfolio management for individuals and small businesses. The firm also provides portfolio management services for businesses or institutional clients. Additionally, the firm offers pension consulting services, an area that the firm has built a reputation in ranking among one of the most trusted in the industry. Finally, PARSEC FINANCIAL also provides the important service of selecting other advisors for clients. This service ensures that clients select the best advisors in the market, which is essential in ensuring financial success. Given the vast experience of the firm in financial planning, portfolio management, and pension consulting, clients at PARSEC FINANCIAL can rest assured that the firm's recommendations are always informed and well-intentioned.

PARSEC FINANCIAL provides comprehensive financial services to a wide range of clients, including individuals, high net worth individuals, pension and profit-sharing plans, charitable organizations, and many other types of corporations not listed here. The firm is dedicated to serving each client with customized financial solutions that meet their unique needs and goals. When it comes to fee structures, PARSEC FINANCIAL offers flexibility to its clients. Depending on the service provided and the scope of work, clients can choose from two fee structures. The first option is a percentage of assets under management (AUM) fee, which is best suited for clients who need continuous management of their assets. The second option is a fixed fee, which works better for those who need specific financial services completed within a defined time frame. PARSEC FINANCIAL's team of financial experts ensures that each client is aware of all the terms and conditions associated with each fee structure and that they choose the one that best meets their needs.

Typical Clients, Fee Structures & Investment Minimum

According to Parsec Financial's Part 2 Brochure, the firm does not require a minimum account size or investment minimum. Clients are free to invest any amount they choose, which allows for greater flexibility and accessibility for investors. Therefore, there is no minimum investment required for those seeking to work with Parsec Financial.

How This Office Can Help Pinehurst, NC Residents

Parsec Financial - Southern Pines provides comprehensive financial planning and investment management services to clients in Pinehurst, NC. The firm understands that residents of Pinehurst face unique financial challenges and opportunities. For instance, with many retirees and golf enthusiasts residing in the area, retirement planning and portfolio management tailored to the golf industry are key. Additionally, Pinehurst residents may also have significant real estate holdings or be beneficiaries of trusts and estates, requiring specialized estate planning and tax strategies. Parsec Financial - Southern Pines works closely with clients to understand their specific financial goals and concerns and develop customized plans to achieve those goals. Their team of experienced professionals offers a range of services, including investment management, retirement planning, estate planning, tax planning, and more, all aimed at helping clients achieve financial security and peace of mind.

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 140-B SW Broad St, Southern Pines, NC 28387, USA
Phone (910) 684-8054
Directions
Google My Business 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.