Parsons Capital Management, Inc. is a registered investment advisor headquartered in Providence, Rhode Island, with additional offices in Florida, New York, and Colorado. Founded in 1993, the firm manages investment portfolios tailored to each client's specific financial goals, risk tolerance, and tax circumstances. Parsons Capital Management builds customized portfolios using a mix of domestic and international stocks, bonds, exchange-traded funds, mutual funds, and alternative investments. In addition to core portfolio management, the firm offers financial planning, tax and estate planning consulting, portfolio evaluation, and asset allocation services. Parsons Capital Management acts legally in its clients' best interests as a fiduciary and serves a diverse client base that includes individuals, trusts, estates, charitable institutions, and retirement plans.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $3.0M | 1.00% |
| $3M+ | 0.80% |
Charitable accounts are charged 0.80% per year. Fees may vary and are negotiable depending on the client's unique situation, relationship size, and portfolio composition.