Parsonex is a network of people who believe in simple, disciplined investment philosophies and support one another in building a business.

Morgan AyersExperienced Advisor

We do what’s best for the client. We won’t sell products that we wouldn’t sell to our parents or our kids. We can do that because we’re independent and the product providers don’t own us. We have no special allegiance to any particular products or companies.

Michael Paulding ThomasExperienced Advisor

Parsonex has an amazing culture, great group of people and the best back office support structure I have ever worked with. I have doubled my business almost every year since joining Parsonex.

Steve GonzalezExperienced Advisor

A Home for Experienced Advisors

Some of our most successful advisors have indicated that they found their “home” when they affiliated with Parsonex. Our unique culture empowers you to use the knowledge, skills, and experience you’ve gained over the years to grow not just a client base but a financial services business.

Build residual income into your practice – We constantly come across advisors who, despite being in the industry for many years, haven’t learned some best practices on how to build win-win relationships with clients through outstanding service and residual income. We believe the advisor-client relationship is critical and teach experienced advisors how to setup their clients and business for long term success.

Develop advisors and earn overrides – Rather than simply growing your business by getting more and more clients, our business model teaches you how to leverage your experience and your time by attracting and mentoring new advisors who are pursuing a second career with Parsonex. By investing in others you may earn a bigger and more consistent income.

Attract other experienced advisors into our system – We have found that a lot of advisors are looking for “the right” opportunity to grow their business.

 

Financial Advisor Careers

If you are among those who have had successful financial advisor careers but are looking to take your business to the next level, Parsonex may be the home you have been looking for. Successful financial advisors careers require hard work, persistence, and a culture that provides synergy to your efforts. Our focused business system empowers experienced professionals, like yourself, to take your financial advisor career to the next level. We have systems that streamline client acquisition and enhance your ability to effectively service your book of business. By outsourcing time consuming functions to administrative personnel, you can focus on the things that drive your business growth, income, and ultimately your desired lifestyle.

Additionally, if you have had a successful financial advisor career, you may be in a great position to mentor others who are working hard to get their financial advisor career going. Our system emphasizes teamwork and helping others succeed. We also reward you for investing in others through our compensation system, ownership options, and firm partnership potential.

Contact us to connect with an experienced professional who has made the transition to Parsonex and taken their financial advisor career to the next level!

Own a Franchise

At Parsonex, you can qualify for franchise ownership. Independent advisors who try to sell their book of business may be quite disappointed because they may not get offers they feel reflect the value of their practice.

In the Parsonex franchise model, there is a consistent brand and system that we operate in and clients experience. Selling a franchised business can be simpler and more valuable for both buyers and sellers. Additionally, the Parsonex business model teaches advisors how to build recurring revenue into their practice and build a team of advisors which can substantially increase the value of a franchise long term.

Additionally, as a fast growing private company, we have a stock grant program that franchisees are eligible for. This program creates partners out of the leaders in our sales force and aligns the interest of the team towards a common goal. The combination of franchise ownership potential and partnership potential is an extremely unique value proposition for entrepreneurs who want to maximize their business value long term!

Experience Parsonex

Client Philosophy – We believe in doing what’s right for our clients. As an independent firm we work with a variety of product partners to offer our clients highly competitive products and services. While other firms have access to these products, how we apply philosophies such as buy term and invest the difference or owning equities long term is what makes us unique. We don’t believe in using insurance as a savings vehicle and equity indexed annuities are not investments. The synergy of having a very focused message for clients helps perpetuate the growth of your business.

Incentive Trips – Parsonex has incentive trips which advisors can qualify for every six months. These trips are a fantastic opportunity to work towards, relax on and network with other leaders at a relaxing all inclusive resort or on a cruise.

Recognition & Rewards – Parsonex fosters healthy competition and has an exciting rewards and recognition program for representatives who achieve various levels of success.

Streamline Your Business

We have put a variety of turnkey systems in place to help you streamline your business.

Leading Edge Technology Platforms – Parsonex operates in an almost completely paperless environment, utilizing electronic signatures and other technologies to help our advisors streamline their business. The more time our advisors can focus on building relationships with clients and their team, the faster they can grow. That’s why we “outsource the mundane” as one of our reps puts it.

Centralized OSJ – Most firms have a decentralized Office of Supervisory Jurisdiction (OSJ) which transfers a great deal of liability to the field supervisors and puts a heavy compliance burden on branch managers and field leaders. We believe that a centralized system of supervision better serves our clients and field leaders because it significantly reduces conflicts and increases the quality of oversight. Compliance Specialists in the Home Office receive specialized training and are qualified to effectively administer compliance functions. Parsonex advisors and field leaders are able to dedicate their time to growing their business and outsource the bulk of the compliance burden to our capable staff.

Effective Compliance – Compliance is extremely important and our firm takes a common sense approach. We believe that the regulatory systems are in place not just to protect consumers but to protect advisors as well. We are very proactive in helping our reps do business the right way. Many firms are burdened with “legacy compliance” rules that put customers and advisors at a disadvantage. We believe in taking a practical, common sense approach to helping you utilize systems, technologies and products in a common sense way.

Required Commitment

Our opportunity might sound too good to be true. It isn’t too good to be true, but it is too good to be free. There are costs both from a financial standpoint and a time commitment to building a business in financial services.

While some firms subsidize licensing costs, they almost always require you to be full time, will pay you less compensation through lower commission rates or haircuts, or are captive and will force you to sell their products. Starting your business with Parsonex offers you and your clients significant advantages because you will be able to earn competitive compensation while simultaneously offering your clients highly competitive products.

The time commitment for most part-time advisors is 10-15 hours per week. The financial commitment to operating a financial services business with Parsonex varies depending on your resident state and which states you would choose to be licensed in. There are initial licensing and registration fees as well as several hundred dollars per month for errors and omissions insurance and services to operate your business. Additionally, you will likely choose to invest in marketing to promote your business.

While there is a financial and time commitment, the rewards are worth it! Building a business with Parsonex will not only provide you additional income but will enable you to start building a residual income that can grow long term while maintaining a flexible lifestyle.

Why Small Independent Broker Dealers?

In 2017 there were 3,726 broker dealers and almost 90% of these firms were small independent broker dealers.  If you are an experienced financial advisor and you have been around the block a couple times, you probably know what types of firms you like, and which types of firms you don’t like so much.  Many financial advisors are drawn to the freedom, flexibility and opportunity that comes with independent firms.

But these days, a new variation of the captive independent broker dealer firms has emerged.  Large independent broker dealers.  Let’s face it.  Some of the large firms in our industry have so many complex compliance restrictions and are so far removed from the personal attention independent financial advisors used to covet that it is causing some advisors to look elsewhere.

At Parsonex, we are a successful small independent broker dealer that feels like home. We have grown with a dedicated group of advisors since 2007 and are expanding. We believe in being great at what we do and believe that growth is natural an organic.

We have helped many experienced advisors take their business to the next level. If you are looking for a great small independent broker dealer that feels like home, you found it.  Reach out to us for more information.

 

You can take a look at the 2018 FINRA Industry Snapshot if you want lots of detailed information about the industry.

Start Your Journey As A Financial Planner!

We want to hear from you! This unique business opportunity appeals to people from all backgrounds who are ready to have a second act in their career or build a profitable side business.