Parsons Wealth Administration, a $180 million group primarily based in Half Moon Bay, Calif., is becoming a member of Carson Companions. Parson, led by proprietor John M. Parsons, most just lately parked its licenses at LPL Monetary, Carson Group Founder and CEO Ron Carson’s former dealer/vendor and custodian. The Parsons group is now affiliated with Cetera Advisor Networks.
The group cited the necessity for custom-made portfolios, elevated funding transparency for purchasers and Carson’s know-how suite as driving components within the resolution to maneuver.
“Our present mannequin was constructed by and for me,” Parsons mentioned. “This new mannequin is constructed for me, my son and our younger, vibrant group, and it'll take us effectively into the long run. We plan to continue to grow and this partnership will assist us do this in a considerate manner that enables us to proceed to deliver monetary readability and confidence to purchasers—present and new.”
Parsons' group consists of eight people, together with Managing Companion John William Parsons, his son.
Carson Group created Carson Companions in 2012, a platform that outsources advertising, compliance, know-how, funding administration and operations to different unbiased advisory companies. Beneath the associate construction, Parsons will preserve its possession of the enterprise and management over strategic path.
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