Parsons Capital Management Inc fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed April 7, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$100⁠-⁠$500/hr

“Fees for consulting services may be charged on an hourly basis (ranging from $100 to $500 per hour) or on a fixed fee basis (ranging from $1,000 to $20,000).”

Flat or project fee

$1,000⁠-⁠$20,000

From the same sentence as above.

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Parsons Capital Management Inc bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Most fees are calculated based on the value of a portfolio at the close of each calendar 6 quarter and are charged in arrears.”
• “For client accounts that receive quarterly reports, PCM sends a copy of the invoice to the client stating the amount of the fee, the value of the client’s assets on which the fee was based, and the specific manner in which the fee was calculated.”
• “Clients who have their fees taken out monthly do not receive copies of invoices.”

How Parsons Capital Management Inc’s fees compare

• Its hourly rate of $100-$500 spans the Rhode Island median of $280. 60% of the 15 other Rhode Island planners that publish an hourly rate charge less.
• None of the 2 other planners in Providence that publish an hourly rate charge less.
• Its flat or project fee of $1,000-$20,000 spans the Rhode Island median of $3,625. 100% of the 13 other Rhode Island planners that publish a flat or project fee charge less.
• 2 of the 2 other planners in Providence that publish a flat or project fee charge less.

About Parsons Capital Management Inc

• Firm size: 22 employees.
• Credentials named in the brochure: CFP® and CFA.
• Registered as an adviser: 1993 (33 years).

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Clients

695

Employees

22

Works with

Individuals, high net worth individuals, pension and profit sharing plans, charities, and businesses

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, and portfolio management for businesses and institutions

Assets managed

$2,384,197,855

Registered with

U.S. Securities and Exchange Commission

Disciplinary disclosures

None reported

SEC CRD number

106295

Website

parsonscapital.com (opens in new tab)

Phone

(401) 521-2440

Can advise clients in 25 states: California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Louisiana, Massachusetts, Maryland, Maine, Minnesota, North Carolina, New Hampshire, New Jersey, New Mexico, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Vermont, Washington

Other planners in Providence that publish fees

• Eliot Rose Wealth Management, LLCProvidence$5,400
• Sheeley & Partners Wealth Management, LLCProvidence$200⁠-⁠$550/hr, $3,000⁠-⁠$5,000
• SK Wealth Management, LLCProvidence$350⁠-⁠$500/hr
• Alvarez & Associates FinancialCentral Falls$200/hr, $750⁠-⁠$1,500
• Axis Wealth Partners, LLCEast Providence$150/hr, $250⁠-⁠$2,500
• Blue Chip Financial Advisors, LLCEast Providence$250/hr

Compare all 8 planners in Providence