Careers
Why Join Parsec Financial?
We help our clients, employees, and communities thrive. We enable people to thrive by helping them attain and maintain meaningful financial security.
We are a family-and-employee-owned company. As of December 31, 2021, 44 employees (70% of eligible employees; 63% of all employees) are shareholders, owning 46% of the firm. We truly care about the financial well-being of our clients and our company’s success!
We are a family-and-employee-owned company. As of December 31, 2021, 44 employees (70% of eligible employees; 63% of all employees) are shareholders, owning 46% of the firm. We truly care about the financial well-being of our clients and our company’s success!
About Parsec Financial
Parsec is a SEC registered fee-only financial advisory firm with $3.6 billion in assets under management as of June 30, 2022. Our financial advisors ― backed by a robust team of financial planners, client service specialists and investment professionals ― provide financial planning, investment management, tax planning and trust services. We also provide business retirement services to support employer-sponsored retirement plans. Founded in Asheville in 1980 by Bart Boyer, Parsec now serves 2,030 families and businesses with 80 employees in six offices across North Carolina.
- Compensation
- Balance
- Benefits
- Philanthropy
- Culture
Compensation
Five Primary Elements of Compensation
Base salary – We use industry peer studies to set our salary ranges for all positions.
Annual incentives – All full-time employees are assigned attainable goals each year. If the firm meets revenue targets, bonus income is paid out on achieved goals.
Profit sharing plan – When Parsec succeeds, eligible employees succeed by participating in our profit-sharing plan.
Stock ownership – After one year of employment, employees are eligible to purchase stock at a discount at the end of the following year. Moreover, some employees can exchange up to 50% of their annual bonus for shares. Advisors and management participate in a merit-based plan to receive awarded shares.
Revenue credit – All eligible employees are rewarded for generating new business.
Balance
Work-Life Balance
We work hard and play hard. During the day we are dedicated to our clients and the business, but we take pride in the notion that come 5pm we transition back to our other responsibilities as a parent, spouse, friend and more!
Benefits
Benefits
In addition to generous PTO and medical insurance, Parsec offers VTO (Volunteering Time Off). We also encourage further education by covering pre-approved costs associated with credentialing and continuing education.
Philanthropy
Philanthropy
Giving back to the communities we work in is central to our mission. We donate 1% of our revenues each year to the Parsec Prize, our charitable grant program. This makes up half of our annual charitable giving. Moreover, employees donate their time to worthwhile organizations, including employee-organized volunteer events such as United Way’s “Days of Impact” campaign. And lastly, Parsec will match personal charitable donations up to 2% of eligible employees’ gross salary
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Culture
Happy Employees
As of October 1, 2021, our average employee tenure was 7 years. We provide a collaborative and positive work environment for our employees to thrive, and we have fun along the way!
Parsec Job Openings
Our current openings are below. Thank you for your interest!
We can only thrive as a company if we have the best employees on staff. We recognize that the financial services industry has an underrepresentation of people of color and women in its workforce, particularly in higher paid and leadership roles. We seek to improve the diversity of our staff as well as the inclusivity of our working environment. We welcome all qualified applicants to apply regardless of gender, race or religion. Think you’re a good fit for us, but don’t see an open position that suits you? Contact us at hr2@parsecfinancial.com and let us know why.
Client Service Specialist (Charlotte, NC)
Parsec’s mission is to help guide clients to financial security. The Client Service Specialist is responsible for the day-to-day servicing of clients and account maintenance, serving as a key contact person for all account-related client requests.
The Client Service Specialist can expect to focus on the following:
- Initiate and field client service calls; communicate status to the responsible Financial Advisor as needed.
- Prepare and process all paperwork for client transactions, including but not limited to opening new accounts, closing accounts, transferring assets, deposits, withdrawals, account title changes, address changes, etc.; communicate status of transactions to clients and the responsible Financial Advisor (e.g., when assets have transferred, when deposits are received, etc.).
- Provide ongoing client account maintenance (e.g., all money requests, checks, wires, ACHs, regular periodic transfers, transfer of securities amongst accounts, special accounts, ongoing special client instructions, etc.).
- Check custodian alerts daily and perform appropriate actions.
- Set up and generate client reports; generate client reports for taxes and client meetings; generate other periodic reports as requested/needed.
- Process required minimum distributions (RMDs).
- Maintain accurate notes and records in the CRM.
- Schedule client meetings as needed per advisor or client request.
- Communicate with other professionals such as CPAs and attorneys on behalf of clients.
- Assist with special/administrative projects as needed.
The Client Service Specialist position typically requires the following qualifications:
- Bachelor’s degree preferred.
- 2+ years of experience in client service and/or operations in the financial services industry (preferably with an independent registered investment advisory firm).
- Proficiency in Microsoft Office, Excel, and Office suite products.
- Experience with CRM and portfolio management software preferred.
Job-Specific Core Competencies
- Regularly exhibits high service standards that ensure client satisfaction and advocacy.
- Speaks and writes in a clear, professional, and discernable manner.
- Possesses a passion to help new and existing clients.
- Must be organized, detail-oriented and able to multitask.
- Ability to work independently as well as be collaborative and able to work effectively with others.
- Recognizes what tasks are most critical and gives those tasks more time, attention, and energy.
- Is honest, open, and transparent.
- Demonstrates a commitment to accuracy by delivering high quality, error-free work.
- Maintains knowledge in given area of expertise.
- Demonstrates ability to work successfully in an entrepreneurial, small company environment.
- Highly adaptable to change and open to new ideas.
- Provides the information people need to know to do their jobs and to feel good about being a part of the team and organization.
Please email a resume and cover letter to Parsec’s Director of HR
at hr@parsecfinancial.com. Resumes without cover letters will not be reviewed. Please do not call about this opportunity. Thank you for your interest!
Client Service Assistant (Tryon, NC)
Parsec’s mission is to help guide clients to financial security. The Client Service Assistant is responsible for assisting the Client Service Specialists in the day-to-day servicing of clients and account maintenance.
The Client Service Assistant can expect to focus in the following:
- Assist Client Service Specialists in preparing and processing all paperwork for client transactions, including but not limited to opening new accounts, closing accounts, transferring assets, deposits, withdrawals, account title changes, address changes, etc.; communicate status of transactions to clients and the responsible Financial Advisor (e.g., when assets have transferred, when deposits are received, etc.).
- Set up and generate client reports; generate client reports for taxes and client meetings; generate other periodic reports as requested/needed.
- Maintain accurate notes and records in the CRM.
- Assist with special/administrative projects as needed.
- Cover tasks and responsibilities for other CSS/CSA and Receptionist when they are out of the office.
The Client Service Assistant position typically requires the following qualifications:
- Bachelor’s degree preferred.
- Proficiency in Microsoft Office, Excel and Office suite products.
- Experience with CRM and portfolio management software preferred.
Job-Specific Core Competencies
- Must be organized, detail-oriented and able to multitask.
- Ability to work independently as well as be collaborative and able to work effectively with others.
- Recognizes what tasks are most critical and gives those tasks more time, attention, and energy.
- Is honest, open, and transparent.
- Demonstrates a commitment to accuracy by delivering high quality, error-free work.
- Maintains knowledge in given area of expertise.
- Demonstrates ability to work successfully in an entrepreneurial, small company environment.
- Highly adaptable to change and open to new ideas.
- Provides the information people need to know to do their jobs and to feel good about being a part of the team and organization.
Please email a resume and cover letter to Parsec’s Director of HR
at hr@parsecfinancial.com. Resumes without cover letters will not be reviewed. Please do not call about this opportunity. Thank you for your interest!
Tax Manager (South Asheville, NC or remote)
Parsec’s mission is to help guide clients to financial security. Assisting clients with their tax compliance and planning with that mission in mind is the goal of Parsec Tax Services. The Tax Manager (TM) is responsible for implementing and overseeing the department’s services to our clients. This includes both tax planning and compliance engagements with clients, and longer-term strategies such as IT, workflow design and staff planning. The TM may supervise Tax Specialists and other support staff. The TM will oversee the software use of the tax department to ensure it is being used to its fullest potential and that workflows are as efficient as possible.
The Tax Manager will work with Tax Directors to manage all aspects of Parsec Tax Services including:
- Review of tax compliance and consulting engagements performed by Senior Tax Specialists and Tax Specialists, including their preparation of tax returns for individuals, businesses, fiduciaries, and other entities.
- Find and implement opportunities for process improvement in company tax procedures.
- Oversight and management of tax office information technology, including hardware, software and cloud-based applications used for tax return preparation, research and planning.
- Management of client relationships and performance of higher-level tax planning, consulting and compliance engagements.
- Assisting Tax Directors with management of client billing and receivables
- Assisting Tax Directors with department revenue and expense analyses, budgeting and planning.
- Assisting Tax Directors with supervising Senior Tax Specialists and Tax Specialists including conducting performance reviews as needed.
- Supporting and assisting Parsec Wealth Management Advisors in their delivery of services and support to their respective clientele.
The Tax Manager position typically requires the following qualifications:
- CPA designation.
- 5+ years of experience in accounting, with an emphasis in tax services.
- Strong knowledge of tax code, compliance, procedures, and the practical ability to apply these to clients’ income, gift, estate, payroll, and other tax situations.
- 2+ years of experience supervising staff and reviewing tax returns and planning engagements.
- Proficiency in tax and accounting software.
- Proficiency in Microsoft Office and CRM.
- Collaborative and able to work effectively with others.
- Able to communicate tax strategies to clients in an engaging and understandable fashion.
- Willingness to continually learn, adapt, and apply new tax laws, regulations, rulings and case law.
Job-Specific Core Competencies
- Creative problem solver, and competent decision maker.
- Quickly identifies and understands issues, problems, and opportunities.
- Provides clear and actionable feedback on an ongoing basis.
- Continuously exhibits personal integrity and professional initiative.
- Delegates assignments and decisions in a manner that develops others.
- Must be organized, detail-oriented and able to reprioritize tasks.
- Recognizes what tasks are most critical and gives those tasks more time, attention, and energy.
- Is honest, open, and transparent.
- Demonstrates a commitment to accuracy by delivering high quality, error-free work.
- Maintains knowledge in given area of expertise.
- Demonstrates ability to work successfully in an entrepreneurial, small company environment.
- Highly adaptable to change and open to new ideas.
- Provides the information people need to know to do their jobs and to feel good about being a part of the team and organization.
Please email a resume and cover letter to Parsec’s Director of HR
at hr@parsecfinancial.com. Resumes without cover letters will not be reviewed. Please do not call about this opportunity. Thank you for your interest!
