Wealth Management
A dedicated team, solely invested in your success.
At Parsec Financial, Wealth Management is the service of managing your family’s wealth. Whether you are in growth mode of accumulating wealth or sustaining the wealth you have earned, Parsec Financial is your family’s CFO and we report to you.
Our objective is to understand you and discover what is important and why. Only then can we provide true value. As a Wealth Management client, an evaluation of your current financial situation, your short and long term goals and your tolerance for risk are all taken into account to develop your customized financial plan. Since the only constant in life is change, we review and update your plan annually to monitor your progress and stay on the path toward achieving your goals.
At Parsec Financial, you can expect the following:
- Investment Policy Statement, and regular portfolio reviews
- Diverse investments depending on specific needs
- Tax strategies and planning
- Annual financial plan update with a credentialed advisor
Latest Thought Leadership:
Prioritizing Behavioral Finance to Seek Longevity and Happiness
Even if you don’t have a long-term, your money does, thus the importance of holistic financial planning.
Behavioral Biases of Individual Investors
Traditional finance is based on the premise that investors are able to consider all relevant information to make rational financial decisions. The underlying assumption is that all investors are risk averse and that everyone prefers higher returns to lower returns for the same level of risk. In practice, these assumptions are unrealistic because investors areContinue reading
How to Best Handle the Choice Overload Phenomena
The jam study demonstrated the phenomena known as “choice overload problem” when humans are faced with choices, less is better.
The Tried-and-True Way to Build Wealth
In today’s ultra-connected world it’s even more tempting to compare ourselves to our family, friends, and neighbors. Are we falling behind in our career? Is our family life sub-par? Should we be making more money? Although we all know that people post their best images and experiences on social media, it’s easy to forget thatContinue reading
Common Money Personalities
Successful people come in a variety of types, but a common denominator in successful people is that they have a good awareness of their own personality with money. Money personalities affect the way we behave when making financial decisions and how we go about spending, saving and investing.