Parsons Capital Management ranked #1 on CNBC's Financial Advisor 100 for 2025, emphasizing personalized client care.
The firm's "white glove approach" ensures equal treatment for all clients, regardless of asset size.
The list is compiled using data analysis and editorial review, considering factors like AUM, firm size, and regulatory records.
Financial advisors can help with retirement planning, investing, and managing portfolio income.
CNBC's Financial Advisor 100 list is a resource for individuals seeking financial guidance amid economic uncertainty. The ranking considers various factors, starting with a pool of over 40,000 RIAs and narrowing it down based on weighted criteria. Parsons Capital Management's success is attributed to its dedication to personalized service and collaborative approach to investment decisions. The firm emphasizes helping clients navigate market volatility by providing informed counsel and fostering a client-first mentality.
The list also sheds light on key considerations when choosing a financial advisor, such as understanding compensation structures (fee-only vs. commission-based) and verifying credentials through resources like FINRA's BrokerCheck and the SEC's Investment Adviser Public Disclosure website. Robo-advisors are also mentioned as an alternative, with median fees around 0.25% of assets per year.
Q: What makes Parsons Capital Management stand out?
Their commitment to providing personalized care and attention to all clients, regardless of their financial standing.
Q: How is the Financial Advisor 100 list compiled?
CNBC uses data analysis and editorial review, considering factors like assets under management, firm size, and regulatory records.
Q: What should I look for when choosing a financial advisor?
Transparency about compensation, verifiable credentials, and a clear understanding of your financial goals and risk tolerance.
The CNBC Financial Advisor 100 list is a valuable tool for finding reputable financial advisors.
Personalized service and a client-first approach are key indicators of a top financial advisory firm.
When selecting an advisor, consider their compensation structure, credentials, and ability to understand your financial goals.
Do you value personalized service from your financial advisor? Share your thoughts and experiences in the comments below!
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