# Parsons Capital Management Parsons Capital Management is a Bank / Wealth / Trust based in Providence, United States. ## Overview - **Organization type:** Bank / Wealth / Trust - **Headquarters:** Providence, United States - **Region:** North America - **Address:** 40 Westminster Street, Suite 400, Providence, RI 02903, United States - **Founded:** 1993 - **Assets under management:** Over $2 billion (per the firm, December 2025) - **Website:** parsonscapital.com - **LinkedIn:** https://www.linkedin.com/company/parsons-capital-management-inc. ## Regulatory record - **CRD number:** 106295 - **SEC file number:** 801-45209 - **Registration status:** APPROVED - **Latest Form ADV filing:** 2026-04-08T05:00:00.000Z - **Reports private funds:** No - **Private funds reported:** 0 - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/106295 ## About The firm was founded in 1993 by Robert W. Parsons and J. Geddes Parsons. It operates as an SEC-registered investment adviser out of Providence, Rhode Island, with additional offices in Hobe Sound, Florida and Denver, Colorado. The ownership group combines the Parsons founders with a multi-partner leadership team that includes President and CEO John H. Mullen and five additional managing directors, signaling a deliberate transition toward professional management alongside family governance. Parsons manages equity and fixed-income portfolios directly for high-net-worth individuals, families, trusts, foundations, and retirement accounts. The firm does not disclose specific holdings, but its Form CRS and quarterly commentary describe a fundamental, in-house research process applied across individual securities and bonds. Gregory J. The strategy is US-centric, with no disclosed international or alternative-asset sleeves. Assets under management reached $2 billion as of December 31, 2025, per the firm's own disclosure. The AUM figure represents fully discretionary retail and institutional separate accounts building on more than 30 years of operations. In 2025, the firm received a CNBC FA 100 award, a ranking based on metrics including AUM size, employee count, and regulatory disclosures. The practice also publishes a quarterly market commentary under the 'Perspectives' newsletter, recently covering the S&P 500's Q1 2026 decline. Parsons Capital Management's structure departs from the typical single-family office because it serves external third-party clients alongside the founding family's capital. The combination of two active Parsons founders, four non-family managing directors, and dedicated compliance leadership creates a hybrid model — part family practice, part institutional RIA. The firm files Form ADV as a standard registered investment adviser, not as a family office exempt from registration, confirming its open-client mandate and regulated posture. ## Sectors - Wealth Management - Asset Management ## Offices - Hobe Sound, FL - Denver, CO ## People - Robert W. Parsons — Founder, Managing Director - J. Geddes Parsons — Founder, Managing Director - John H. Mullen — Managing Director, President and CEO - Peter M. Hunt — Principal, Managing Director - David Von Hemert — Principal, Managing Director - Ruth K. Mullen — Principal, Managing Director - Edwin G. Fischer, Jr. — Principal, Managing Director - John B. Trevor IV — Managing Director, Secretary and CISO - C. Bateman Parsons — Managing Director, Treasurer and CFO ## Questions ### Who runs investment decisions at Parsons Capital Management? Portfolio management is distributed among the firm's 10 Managing Directors, including founders Robert and Geddes Parsons. Each director handles discretionary portfolios for their own clients. John H. Mullen serves as President and CEO, overseeing the firm's operations, while Gregory J. Lavine directs the fixed-income practice. The firm does not operate with a single CIO. ### How does the firm source clients? Parsons Capital Management has built its book through regional relationships and word-of-mouth over three decades. It does not disclose a formal institutional sales effort or distribution partnerships. The firm's multi-generational leadership — with a second Parsons generation active in the C-suite — aids long-term client retention. ### Does Parsons Capital Management run private market funds or direct deals? No. Parsons Capital Management focuses solely on liquid public markets. Client assets are allocated across individual equities and fixed-income portfolios managed on a discretionary basis. The firm does not market private equity, venture capital, or direct co-investment strategies. ### Is the firm owned by the Parsons family? The firm is independently owned. Founders Robert and Geddes Parsons remain Managing Directors, and C. Bateman Parsons serves as Treasurer and CFO. The ownership structure is not detailed publicly beyond that, but the firm has not taken external capital or sold to a consolidator. ### What is the client profile at Parsons Capital Management? The firm works with high-net-worth individuals, families, trusts, foundations, endowments, and retirement accounts. The client base is regional, concentrated in New England and sourced primarily through relationships built since the firm's 1994 founding. ### Does the firm have a successor generation in place? Yes. C. Bateman Parsons, a Managing Director, serves as Treasurer and CFO, representing the second generation of Parsons family leadership. Alongside him, principals like John H. Mullen (CEO) and a ten-person Managing Director team provide a distributed ownership and leadership model that supports continuity. ## Related profiles - [Parsonex Advisory Services](https://altss.com/profile/parsonex-advisory-services) - [Pars Venture Group](https://altss.com/profile/pars-venture-group) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/parsons-capital-management Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology