Maintaining Financial Consistency Throughout the Inconsistency of Life
2020 reminded us all that life ultimately charts its own course with unexpected ups and downs. It also taught us that maintaining control with sound financial planning enables life’s bumps to be less turbulent. Attaining financial security isn’t just about successfully managing day-to-day finances – it impacts the long-term emotional, physical and mental well-being of you and your loved ones. Everyone deserves the ease-of-mind that comes from attaining financial security. Let us be your financial partner and take this journey together to build a consistent financial road map that successfully navigates you through the inconsistency of life.
Parsec's Financial Planning Process
1. Understand you
Understanding your values,
motivations and goals provides a
starting point for our journey and
sets the stage for a long-term
relationship built on trust
and mutual respect.
2. Chart your course
Helping you realize your goals
means creating a plan for all of
your assets, not just the ones inside
of your portfolio.
3. Empower your journey through life’s stages
Delivering an exceptional experience along this journey is our first priority.
To ensure that happens, we will:
- Pair you with an onboarding concierge to ensure a seamless transition for the administrative aspects of our journey.
- Provide regular team reviews delivering advice, planning and investment strategies from our credentialed professionals.
- Arm you with technology that delivers security and insight to your financial situation so that you’re never in the dark.
- Deliver timely and informative educational content and events to enrich your Parsec experience.
Parsec's Investment Process
1. Choose an allocation that suits your risk/return profile
- Discuss and evaluate your financial goals
- Review your risk tolerance
- Establish an IPS/plan/path
2. Allocate equities among large-, mid and small-cap assets; diversify fixed income
- Set target weights for portfolio components
- International, domestic, growth, value, sectors
3. Complete a bottom-up analysis of individual securities and funds
- Valuation
- Balance sheet strength
- Growth projections
- Fund alpha
- Fund expense ratio
4. Monitor and rebalance
- Rebalance periodically to target allocation
- Sell overvalued or deteriorating securities
- Add new ideas to portfolio
Parsec's Investment Pillars
Long-term investing
Due to the uncertainty of security
prices, we firmly believe that
investing in a given asset class
should be done over a long-term
time frame, preferably longer than
10 years. This is critical to investment
success because it allows the longterm
characteristics of the asset
classes to surface. Short-term
portfolio spending needs are
considered in the long-term asset
allocation decision.
Diversification
Diversification is vital to the portfolio
management process. We believe
the design and diversity of the
portfolio as a whole are more
important than the selection of any
particular security. Our diversification
strategy is to create a portfolio
consisting of a combination of
growth and value companies; large,
medium and small companies; as
well as international companies,
which may include emerging
markets. The fixed-income
investments are also diversified.
No market timing
We strongly believe that investors
should not engage in market timing.
This includes timing the purchase or
sale of investments based on the
news of the day, as well as giving up
on the market as a whole and sitting
out for periods of time until things
“look better.” Though tempting,
timing the purchase or sale of
securities based on an attempt to
guess which direction the market will
go is highly unlikely to increase
long-term investment returns.
Using Our 40 Years of Excellence to Help Define Your Path Forward
Get in touch with a Parsec Financial representative at an office near you.
