The Greater Providence Chamber of Commerce

Join

PROVIDENCE BASED FIRM EARNS NATIONAL RECOGNITION

General News ArticleCommunityPress Release

Parsons Capital Management Honored as No. 1 Firm
in the 2025 CNBC FA 100 List
National recognition for Providence-based firm

PROVIDENCE, R.I. - October 1, 2025 - Parsons Capital Management, Inc., a registered investment advisory firm based in Rhode Island, is proud to share that it has been named No. 1 in the 2025 CNBC FA 100 list, an annual ranking of the top 100 financial advisory firms in the United States as compiled by CNBC, in partnership with AccuPoint Solutions.

The recognition marks the culmination of a steady climb for the firm since first debuting at No. 37 in 2019. Parsons Capital rose in the rankings over the following years, breaking into the top 10 at No. 6 in 2023 and rising to No. 2 last year.

"We are honored to receive this recognition, but it would not be possible without the faith and support of our clients over the past 31 years," said John H. Mullen, President & CEO of Parsons Capital Management. "We remain committed to working with our clients, whether they be individuals, families or institutions, to understand their needs, priorities and preferences and to build a portfolio that suits them."

Founded more than 30 years ago in Providence, Parsons Capital, 100% employee owned, has grown from a small local firm to one with over $2 billion in assets under management as of December 31, 2024, while serving clients across the country from their offices in Rhode Island, Florida and Colorado.

"Our staff has been the foundation of our three decades of growth," noted C. Bateman Parsons, Treasurer & CFO. "We are fortunate to have a seasoned and dedicated staff with an average of 20 years of investment-related experience.”

"While we have added offices in Colorado and Florida over the past 31 years, and now work with clients in 34 states, we are proud that we remain firmly rooted here in Providence," added John B. Trevor IV, Secretary and CISO.

CNBC 2025 FA 100: This rating is as of October 1, 2025, based upon a questionnaire completed by Parsons Capital Management, Inc.("PCM") and other participating advisers. PCM did not pay a fee to be included in any such ranking. However, after receiving the designation (and not as a condition to receiving it), PCM paid a fee in exchange for logo licensing, plaques, or other means to commemorate the designation.

About Parsons Capital Management, Inc.
Parsons Capital Management, Inc. is an independent registered investment advisory firm providing personalized financial advice, investment management, and planning services. With offices in Providence, Rhode Island; Hobe Sound, Florida; and Denver, Colorado, Parsons Capital helps individuals, families, and institutions achieve their goals with attention and care.

For more information, please visit www.parsonscapital.com.

Media Contact:
Nadine Ricci
Director of Operations
Parsons Capital Management, Inc.
O. 401.521.2440 | M. 401.338.0570
nadine@parcap.com

PROVIDENCE BASED FIRM EARNS NATIONAL RECOGNITION