Parsons Capital Management uses a ‘white glove approach’

John Mullen, Chairman and CEO of Parsons Capital Management, is the number 1 in the list of the 100 best financial advisors in the United States for CNBC’s 2025, is very important in the struggle for equal treatment.

Mullen said that the first exposure to financial consultancy was through his mother Ruth, who has been a career in the area dominated by men for a long time. Even today, women make up less than 25% of all certified financial planners, CFP Board.

The two came together and now they are still working together, and now in Parsons Capital Management’s Office in Rhode Island in Rhode Island, both holds the title of General Manager.

Help CustomersDivorce Feelings from Investment Decisions’

According to John Mullen, Parsons Capital Management is determined to be equal to its customers, regardless of their financial situation.

“We’re trying to present the same experience with us, whether you have $ 1 million or $ 20 million, and this approach really echoed with people,” he said.

The goal said, “To be a family office for those who do not have enough assets to have a family office.”

Within a year marked with the changing monetary policy of inflation, tariffs and Federal Reserve, personalized maintenance and closely noticeable customers “from investment decisions to divorce feelings” helps.

“In heavy news environments, like last year, we see that more customer access has gained increasing importance.” He said. “They help our customers to distinguish the stable news flow, they may be consuming not only inform them, but also can help reduce the temperature.”

Founded by Bob and Ged Parsons brothers in 1993, John Mullen continues a collaborative attitude to share stock ideas, but is encouraged and strengthened for decision -making for its customers. “He said.

“This is not based on some model or investment committee, and I think this served us well over time.”

This year, among the increasing volatility and political and financial uncertainty periods, “institutional foundations remained strong.

Leaving ‘Old Boys Club’

“Another value shared for us, if you really put the attention of the customer, follow everything else – this is the loyalty.” He said.

The result of this application is that customers receive individual attention and advice, today’s crowded investment professionals and robo-supply.

Ruth Mullen said that the advice was transmitted in an inclusive manner independent of gender or other differentiates, another aspect of the company that customers appreciated by customers. Female customers often thank him for talking to them directly.

He said, “The moment of a proud moment,” the son of his son manages the practice in accordance with this basic approach.

“Women need to have a relationship with the person who runs their money,” he said. “From many ways, [the financial advisory industry] Still a ‘old man club’. An exclusive situation like this carries the risk of imploding. “

Parsons Capital Management has more than 2 billion dollars under management and 1,864 accounts.

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