Our Success is Driven by Yours

Ethics & Transparency

 

Parsec takes ethical business practices and transparency seriously. Both are integral parts of our company culture and underpin our day-to-day activities. Our commitment to high ethical standards is reflected in the people we hire and their commitment to professional development through continuing education and industry designations. We believe that strong ethical business practices, transparency, and a commitment to professional development are the best ways to serve you, our client, over the long-run.

 

Access to your Money

As a Parsec client your money will always be registered in your name. Your account will be held at a large reputable custodian, such as Fidelity, National Advisors Trust, Schwab or T.D. Ameritrade. You will have 24-hour online access to your accounts through these custodians and will receive account statements directly from them. We have access only to those accounts for which you give us authority, such as trading authority or authority to move money between the accounts that you designate.

 

We are Regulated by the SEC

Parsec is an investment advisor registered with the Securities and Exchange Commission under the Investment Advisors Act of 1940. The SEC imposes stringent regulations on Investment Advisors with the intention of protecting investors. As such, we are subject to surprise examinations by the SEC and are required to give full disclosure of our practices and any potential conflicts of interest. You can read our disclosure document here.

 

Parsec claims compliance with the Global Investment Performance Standards (GIPS®)

GIPS® stands for Global Investment Performance Standards. The standards were developed by the CFA Institute and are stringent international standards used for investment performance measurement. Compliance is completely voluntary and goes above and beyond that of our legal requirements. As such, we are subject to third-party verification of our processes and are required to provide full disclosure of our performance history. You can use this information to have a true apples-to-apples comparison with other firms that claim GIPS® compliance. We participate in these standards in order to provide you with full performance transparency. To receive a list of composite descriptions and/or a presentation that complies with the GIPS® standards, please contact Vicki Oxner.

 

Code of Ethics

We conduct business by a code of ethics. As an SEC registered firm, we are required to maintain a code of ethics that discusses any potential conflicts of interest and the procedures we have in place to avoid potential conflicts of interest. Each year all Parsec employees sign a disclosure acknowledging they have read the code of ethics. Beyond that, we believe strongly in high professional standards. This includes having at least one credentialed advisor on each of our wealth management teams (see Our People to learn more). Both the CFP and CFA designations incorporate their own in-depth ethics curriculum into their programs and require adherence to the highest ethical standards. Like Parsec, these organizations are also committed to furthering the financial profession through continuing education. Learn more here: www.cfp.net and www.cfainstitute.org

Parsec Financial Management, Inc. is a North Carolina corporation. Parsec manages equity and fixed income investments for individual clients, retirement plans, and other institutional clients.

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