Careers
Why Join Parsec Financial?
About Parsec Financial
Parsec is a SEC registered fee-only financial advisory firm with $3.6 billion in assets under management as of March 31, 2021. 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 households and businesses with 70 employees in six offices across North Carolina.
- Compensation
- Balance
- Benefits
- Philanthropy
- Culture
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.
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
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
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 two 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.
2 Client Service Specialists (Asheville, NC | Charlotte, NC)
- 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.
- 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.
- 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.
Investment Research Analyst (Asheville, NC)
- Create, update and present in-depth due diligence on covered securities for the Research and Investment Policy Committees (IPC).
- Screen for new stock and fund ideas as well as maintain buy lists.
- Develop and maintain model portfolios for different asset allocations from the list of buy-rated securities.
- Develop and maintain stock and fund quant scoring systems.
- Maintain quantitative ranking, recommendation history and performance tracking spreadsheets.
- Generate content for advisors, clients, and marketing collateral as needed.
- Create and present external and internal presentations on our research and economic outlook.
- Other duties as assigned.
- Bachelor’s degree preferably in finance, business, accounting, economics, or related experience.
- Holds or is working towards obtaining the Chartered Financial Analyst (CFA) designation.
- 2-4 years of experience in the financial services industry (preferably in a research capacity).
- Strong communication and presentation skills.
- Advanced proficiency in Microsoft Excel and PowerPoint; experience with CRM and portfolio management software programs a plus. Proficiency with FactSet preferred but not required.
- Passionate about investing and helping guide clients to financial success.
- Must be analytically minded and interested in furthering their investment knowledge
- Must be organized, detail-oriented and able to reprioritize tasks.
- Utilizes organizational resources in a manner that encourages commitment and delivers results.
- Does everything possible to meet goals and deadlines.
- Is seen as a collaborative team player.
- Regularly seeks out new opportunities to contribute.
- Excellent written and verbal communication 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.
