Careers
Why Join Parsec Financial?
Parsec is a family-and-employee-owned company. 70 percent of current employees are shareholders; 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 $3.06 billion in assets under management as of Sept. 30, 2020. 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 more than 1,800 individuals and businesses with 66 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. Assuming 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, eligible employees may purchase up to 20% of their annual base compensation in Parsec stock on a voluntary basis, which is then partially matched by the company.
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 November 1, 2020, our attrition rate is less than 3%. We provide a collaborative and positive work environment for our employees to thrive, and we have fun along the way!
Parsec Job Openings
We have four current openings below. Thank you for your interest! Parsec recognizes 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 hr@parsecfinancial.com and let us know why.
Compliance Analyst (Location Flexible)
Parsec’s mission is to help guide clients to financial security. The Compliance Analyst will work with the Chief Compliance Offer to support several functions related to compliance, including policy and procedure updates, regulatory filings, process implementation, routine compliance audits, and employee training. The position may be based in any of Parsec’s offices (Asheville, Charlotte, Winston-Salem, Southern Pines or Tryon) or possibly be a remote position long-term.
The Compliance Analyst can expect to focus on the following:
- Perform routine compliance audits.
- Manage the firm’s compliance software and coordinate the quarterly reports for personal securities transactions.
- Be a liaison to other employees regarding compliance concerns.
- Maintain compliance logs for: trade errors, compliance violations, marketing materials, vendor due diligence, incident management reports, etc.
- Update internal documents such a service agreement and ADV disclosures.
- Assist CCO with various firm software management, such as LastPass and Zoom.
- Assist CCO with new employee compliance training and tracking/logging of ongoing compliance and cybersecurity training for all employees.
- File u4 and u5 disclosures/updates with FINRA and track registered investment representative’s information, such as outside business activity, professional designations, etc.
- Maintain our proxy voting for clients and manage the relationship with our proxy voting vendor.
- Review and analyze regulatory developments and work with business units to institute or modify processes where necessary.
- Review and approve marketing materials.
- Make recommendations to enhance current procedures and systems.
The Compliance Analyst position typically requires the following qualifications:
- Bachelor’s degree preferably in business, marketing, or related experience.
- 3-5 years of experience in the compliance department of a financial services firm.
- Proficiency in Microsoft Office (Word, Excel and PowerPoint).
Job-Specific Core Competencies
- Must be organized, detail-oriented and able to reprioritize tasks.
- Does everything possible to meet goals and deadlines.
- Regularly seeks out new opportunities to contribute.
- Excellent written and verbal communication skills.
- Strong decision-making capabilities.
- Analytical and inquisitive.
- Comfortable explaining rules and policies to other employees; acts as educator to others
- Positive attitude and can work with employees in all departments.
- Excellent grammar and proof-reading skills.
- 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!
Financial Planning Strategist (Winston-Salem, NC)
Parsec’s mission is to help guide clients to financial security. The Financial Planning Strategist is a senior member of the Financial Planning department who works directly with advisors to assist with the wealth management and financial planning needs of clients. This position is responsible for researching financial planning topics and presenting findings to advisors and clients, in addition to data collection, analysis, formulating recommendations, and monitoring and updating financial plans. May assist with plan presentation and delivering recommendations at the advisors request.
The Financial Planning Strategist can expect to focus on the following:
- Provide support to Advisors in all areas of financial planning. Serves are department subject matter expert in designated niche(s).
- Ensures that the financial planning process is followed and documented in accordance with CFP Board’s Practice Standards.
- Work directly with the advisor to manage the financial planning process, and planning lifecycle, across client base
- Ensures thoroughness and accuracy of all financial plans.
- Interact with clients and prospects to gather data, draft financial plans and/or updates, conduct initial analysis and formulate recommendations using the firm’s planning software or other tools.
- Attend majority of client meetings, take notes, present recommendations at the advisors request, and manage/coordinate meeting follow up with advisor
- May be asked to kick off scheduling and data collection process for update meetings
- Prepare materials for client meetings; work with other team members have accurate, thorough materials for client meetings
- Initiate and field client calls on various planning items, miscellaneous requests and financial advice on various topics.
- Perform special request analyses for clients (e.g. mortgage analysis, Social Security analysis) and conducts niche specific analysis for department.
- Liaise with clients’ attorneys and accountants as needed to gather data and formulate recommendations.
- Assist with special projects as required
The Financial Planning Strategist position typically requires the following qualifications:
- College graduate (4-year degree or equivalent). Prefer Accounting, Finance, Law, or Economics degree.
- Licenses and credentials: CFP required. We would also consider a CFP candidate who has passed the exam but doesn’t yet have the work experience to use the credential.
- Minimum 2 years of experience in investment management and/or financial advisory services with demonstrated knowledge of financial planning topics and ability to work well with clients.
- Proficiency in Microsoft Office; experience with various financial planning, CRM, and portfolio management software.
- Demonstrated ability to give high quality of service to advisors and clients – including timely responses and availability to clients.
- Collaborative and able to work effectively with others.
- Demonstrates a commitment to accuracy by delivering high quality, error free work.
- Excellent written and verbal communication.
Job-Specific Core Competencies
- Possesses a passion to engage with new and existing clients.
- Demonstrates professionalism in client interactions.
- Speaks and writes in a clear, professional, and discernable manner.
- Regularly exhibits high service standards that ensure client satisfaction and advocacy.
- Continuously exhibits personal integrity and professional initiative.
- Must be organized, detail-oriented and able to multitask.
- Must be able to prioritize workflow, and balance needs of multiple team members at once.
- 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 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 in 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.
- 1+ year 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 (Charlotte, 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.
- Clearly delivers the information associates need to understand to perform their jobs and to feel welcome as 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!
