PARSONS CAPITAL MANAGEMENT INC

Overview

Parsons Capital Management Inc is an independent registered investment adviser that has been advising clients since the early 1990s. The firm leans heavily toward equities, with a clear preference for exchange-traded stocks and ETFs as the primary vehicles for portfolio construction. That equity tilt is reflected across client accounts, but Parsons also integrates third‑party alternative managers—particularly hedge funds, private placements, real estate and commodities—into select portfolios to add diversification and return-seeking exposure outside of public markets. Client coverage spans high‑net‑worth individuals and families as well as institutional and business accounts. Advisory services include financial planning and discretionary portfolio management for both individuals/small businesses and larger business or institutional clients. Fee arrangements are flexible and include percentage-of-AUM billing alongside hourly and fixed-fee engagements. The firm has earned recognition from industry outlets, appearing on CNBC’s Top 100 Financial Advisory Firms listings in multiple years and on Citywire’s growth rankings.

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