# Parsons Capital Management Inc

> Parsons Capital Management Inc is an SEC-registered investment advisory firm in Providence, RI, registered since 1993, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 8, 2026.

- CRD: 106295
- Filed as: PARSONS CAPITAL MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Providence, RI
- Filing period: October 2026
- Form ADV filing dated: April 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106295
- AdvisorCensus page: https://advisorcensus.com/firm/parsons-capital-management-inc-providence-ri-106295

## Quick answers

**How is Parsons Capital Management Inc compensated?**
On its Form ADV (Item 5.E, October 2026), Parsons Capital Management Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Parsons Capital Management Inc located?**
Parsons Capital Management Inc's principal office is in Providence, RI, according to its Form ADV; the May 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Parsons Capital Management Inc registered with the SEC or a state?**
Parsons Capital Management Inc is an SEC-registered investment advisory firm, registered since 1993. Status as filed: Approved. CRD 106295.

**How much does Parsons Capital Management Inc manage?**
Parsons Capital Management Inc reports $2,384,197,855 in regulatory assets under management in its Form ADV filing dated April 8, 2026 (99% discretionary).

**How have Parsons Capital Management Inc's assets and staff changed since 2021?**
In the Form ADV data for Parsons Capital Management Inc: Regulatory assets under management: $1,760,831,704 in the October 2021 data and $2,384,197,855 in the October 2026 data, up 35%. Total employees: 18 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Parsons Capital Management Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (381); individuals (other than high net worth individuals) (314); charitable organizations (26).

**Which custodians does Parsons Capital Management Inc use?**
Parsons Capital Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Parsons Capital Management Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106295

**What changed in Parsons Capital Management Inc's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 11 to 12. Regulatory assets under management went from $2,094,653,633 to $2,384,197,855 (+14%). Registered or notice-filed in GA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,384,197,855
- Discretionary: $2,354,843,878
- Non-discretionary: $29,353,977

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 314 | $128,203,748 |
| High net worth individuals | 381 | $2,059,469,126 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 11 | $16,302,988 |
| Charitable organizations | 26 | $127,827,256 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 14 | $52,394,737 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1993 (32 years)
- Employees: 22 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, CT, DC, FL, GA, LA, MA, MD, ME, MN, NC, NH, NJ, NM, NY, OH, PA, RI, SC, TN, TX, VA, VT, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Denver, CO
- Hobe Sound, FL

### Websites listed on Form ADV (Item 1.I)
- parsonscapital.com
- LinkedIn @parsons-capital-management-inc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,760,831,704 | 18 | July 28, 2021 |
| October 2022 | $1,859,565,019 | 19 | September 29, 2022 |
| October 2023 | $1,683,043,951 | 18 | March 30, 2023 |
| October 2024 | $1,879,594,055 | 21 | August 14, 2024 |
| October 2025 | $2,094,653,633 | 21 | March 31, 2025 |
| October 2026 | $2,384,197,855 | 22 | April 8, 2026 |

Regulatory assets under management: $1,760,831,704 in the October 2021 data and $2,384,197,855 in the October 2026 data, up 35%.
Total employees: 18 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 11 to 12.
- Regulatory assets under management went from $2,094,653,633 to $2,384,197,855 (+14%).
- Registered or notice-filed in GA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Parsons Capital Management Inc (CRD 106295): Form ADV filing data as of October 2026.