The PARSONS CAPITAL MANAGEMENT INC is a privately held investment adviser that advises $2.38Bn in regulatory assets under management held in 0 SEC fund types across 0 investment strategies. PARSONS CAPITAL MANAGEMENT INC is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 35.4% over the last 5-years.
The Group has been registered with the SEC for 32.71 years and is comprised of 1 filing and 0 relying advisers. They operate out of 4 office locations with their Headquarters at 40 WESTMINSTER STREET, STE 400, PROVIDENCE, RHODE ISLAND. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 22 employees comprised of 12 investment and 10 non-investment staff. The total number of Employees increased by 22.22% over the last 5-years.
Their $2.38Bn in assets advised are owned by 0 private funds, 0 public funds and BDCs and 51 other accounts. Assets of High Net Worth Individuals clients own $2.06Bn or 86.38% of Total Assets and Individuals own $128.2mn or 5.38% of Total Assets.
The Group's top investment strategies include , representing of total assets, respectively.
They advise 5 types of clients, top clients are High Net Worth Individuals and Individuals.
The Group uses 0 Fund Administrators, 0 Fund Auditors, 0 Prime Brokers, 0 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses fixed fees and management fees.
PARSONS CAPITAL MANAGEMENT INC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.