Parsec Financial Ranked #3 N.C. RIA by Financial Advisor (FA) Magazine

Parsec Financial is honored to be listed on Financial Advisor (FA) magazine’s 2020 RIA ranking. Of the 551 firms included, Parsec ranked #131, including #3 of the 13 N.C. firms represented.

The annual ranking is based primarily on five components: 2019 year-end assets; percentage growth in assets from 2018-2019; average assets per client; percentage growth in assets per client; percentage change in number of clients.

Parsec managed $2.99 billion as of the end of 2019. Parsec saw a 22.52% annual growth in total assets, including a 13.64% growth in assets per client. In 2019, Parsec managed on average $1.67 million per client and grew its client base by 7.81%.

“I’m proud to see our firm listed with such strong performance numbers to validate the exceptional work we did on behalf of our clients in 2019,” said Parsec CEO Rick Manske.

FA’s RIA Ranking is an independent listing produced by Financial Advisor magazine. Firms must be registered investment advisors with at least $300 million in assets under management and provide financial planning and/or related services to individual clients. All firms must be either independently owned or a freestanding subsidiary of another business. Neither the RIA firms nor their employees pay a fee to Financial Advisor to be included in the listing. Data is provided by each firm, mostly from numbers and information published on forms they submit to the SEC. Each advisor is then ranked alongside their participating peers.


Media Contact:
Tracy Clark, Head of Marketing

About Parsec Financial: Parsec Financial is a fee-only registered investment advisor with $2.88 billion in assets under management as of June 30, 2020. Parsec provides investment management, financial planning, tax planning, trust services and business retirement services to more than 1,800 individuals and businesses in six offices across North Carolina.

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