The Bellevue-based wealth management firm, Parcion Private Wealth, recently celebrated its third anniversary with firmwide growth and a landing on the Forbes 2022 list of America’s Top RIA (Registered Investment Advisor) Firms.
Parcion focuses on assisting business owners and entrepreneurs with optimizing wealth, and increased its assets under management and the expansion of its team of investment professionals.
“Over the past year, our firm has celebrated many milestones, from increasing our overall assets under management to continuing to bolster our team to expand our array of services,” said Terry Cook, Parcion Managing Principal.
This year Parcion welcomed nine new team members, which the firm says enhanced their services across investment and wealth transfer strategy, cash flow optimization and next generation planning.
Tim Bond was brought on as the director of investment operations and portfolio management, while Stacee Kratovil was brought on as the senior family advisor. Both Bond and Kratovil bring over ten decades of experience to the firm.
Further team expansions include the hiring for roles of associate, family advisor, client service specialist, and marketing and brand manager. Parcion currently has a total of 29 staff members, and over the past three years, has grown its assets under management to more than $2 billion.
“Our goal has always been to create a world-class environment and experience for our team members and clients we work with,” said Cook.
As an RIA, Parcion recently ranked in 40th place on the Forbes 2022 list of America’s Top RIA Firms. Parcion was recognized for best-in-class client experience and commitment to assisting clients with achieving financial goals.
“We couldn’t be prouder to receive this distinguished award and be named not only one of the top wealth management firms in the region, but also the nation,” said Cook.