About Parsec Financial
Parsec Financial is a Financial Services company based in Asheville (United States) founded in 1980, and was acquired by Modera Wealth Management in May 2023. Wealth management firm. Parsec Financial has completed 1 acquisition, including Mimosa Investment Management. Its chief executive, as recorded, is Rick Manske. Its focus areas include Asset Management and Wealth Management. Its legal entity is Parsec Financial Management, Inc. Its competitors include Focus Financial Partners, Alera Group and Wintrust; 2 of its 3 listed competitors have raised funding.
Company details
Parsec Financial was established in 1980 as a wealth management firm. Operations are centered in Asheville, United States, where financial advisory and investment services are offered to individuals and institutions. The firm focuses on portfolio management, estate planning, and retirement strategies. Leadership is provided by CEO Rick Manske, with activities conducted through the domain parsecfinancial.com. Geographic emphasis remains on the U.S. market.
- Headquarters Asheville, United States
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website parsecfinancial.com
- Social LinkedIn Facebook
- Acquired by Modera Wealth Management (May 2023)
- Legal Name Parsec Financial Management, Inc.
- Investors
- Investments & Acquisitions
- Acquired byModera Wealth Management
(May 2023)
Investors in Parsec Financial
Parsec Financial has secured backing from 1 investor. Prominent investors backing the company include Modera Wealth Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management and wealth advisory services are provided. | 1983 | moderawealth.com | Westwood, United States |
Investor details for Parsec Financial
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People of Parsec Financial
1 people are tracked at Parsec Financial (1 in leadership).
| Name | Role | Group |
|---|---|---|
Rick Manske | CEO | Leadership |
Complete people profiles for Parsec Financial
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Investments & Acquisitions by Parsec Financial
Parsec Financial has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mimosa Investment Management.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Investment advisory services are provided to clients by the firm. | mimosainvestment.com | Winston-salem, United States | 1997 | Jul 2017 | •••• |
Complete acquisition details for Parsec Financial
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Timeline of Parsec Financial
3 dated milestones of Parsec Financial across 43 years, from founding to its latest funding, stage changes and deals.
- Founded Parsec Financial is founded.
- Acquisition Acquires Mimosa Investment Management.
- Exit Acquired by Modera Wealth Management.
Competitors of Parsec Financial
Parsec Financial has 3 listed competitors in our database, 2 of them funded. They include Focus Financial Partners, Alera Group and Wintrust.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| focusfinancialpartners.com | 2004 | New York, United States | $332.68M | Business consulting services are provided to banks and lending institutions. | ||
| aleragroup.com | 1995 | Deerfield, United States | $250M | HR, insurance, and liability services are provided by Alera Group. | ||
| wintrust.com | 1991 | Rosemont, United States | 10,463 | Bank offering diversified financial services |
Detailed competitors of Parsec Financial
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Web traffic of Parsec Financial
Websites that share an audience with Parsec Financial (parsecfinancial.com).
Websites whose visitors overlap most with Parsec Financial. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
savewealth.com | savewealth.com | 100% | #4,381,935 | – | |
pauleyfinancial.com | pauleyfinancial.com | 100% | – | ||
strategicfp.com | strategicfp.com | 100% | – | ||
scenarionow.com | scenarionow.com | 100% | – | ||
mofinet.com | mofinet.com | 100% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Parsec Financial
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- Traffic by brand
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Top companies in Asset Management
3 companies that operate in the same segment as Parsec Financial (Asset Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | |||
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | USD 126.21 B | 46,500 | ||
Mutual life insurance company | 1851 | Springfield, United States | 10,466 |
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Frequently Asked Questions about Parsec Financial
Parsec Financial was founded in 1980.
Parsec Financial is headquartered in Asheville, United States. It is registered at Asheville, North Carolina, United States.
Rick Manske is the CEO of Parsec Financial, as recorded in our data.
Parsec Financial was established in 1980 as a wealth management firm. Operations are centered in Asheville, United States, where financial advisory and investment services are offered to individuals and institutions. The firm focuses on portfolio management, estate planning, and retirement strategies. Leadership is provided by CEO Rick Manske, with activities conducted through the domain parsecfinancial.com. Geographic emphasis remains on the U.S. market.
Parsec Financial's top competitors include Focus Financial Partners, Alera Group and Wintrust.
Parsec Financial has made 1 acquisition, including Mimosa Investment Management.
Parsec Financial has 1 investor. Key investors include Modera Wealth Management.
Parsec Financial operates through Parsec Financial Management, Inc..
Yes. Parsec Financial was acquired by Modera Wealth Management in May 2023.