Parsonex Advisory Services manages investment portfolios and provides financial planning, retirement planning, estate planning, and college planning for individuals, high net worth individuals, and businesses. The firm operates through independent investment advisor representatives, many of whom are dually registered with an affiliated broker-dealer. Parsonex Advisory Services evaluates client needs and risk tolerance to develop asset allocation strategies and select appropriate investment models or third-party managers. The firm offers managed brokerage accounts where representatives have the authority to make trades without asking first, as well as access to third-party money managers and sub-advisors. Clients typically prefer professional guidance for day-to-day investment decisions and pay a fee based on the value of their portfolio.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.60% |
| $5M+ | 0.40% |
Annual fees are negotiable at the discretion of the advisor. Additional transaction, custody, money manager, and platform fees may apply.