At Parcion, we believe in the power of community and the importance of inclusivity. We are committed to making a meaningful impact in the lives of those we serve, celebrating the diversity that makes us stronger, and advocating for equality. This #PrideMonth, we're proud to support The Trevor Project, an organization dedicated to ending suicide among LGBTQ+ youth and creating a world where all LGBTQ+ young people see a bright future for themselves. We invite you to visit their website to learn more and consider making a donation as well. You can be the difference in getting someone the help that they need. https://lnkd.in/gSG_Ckx #HappyPrideMonth2024, together we can create a brighter and more inclusive future! #ParcionPW #Parcion #PrideMonth #Equality #Advocacy #Support #Community #SupportLGBTQYouth #EqualityForAll #CommunityImpact
Parcion Private Wealth
Financial Services
Bellevue, Washington 1,455 followers
We are a multi-family office partnering with business owners to unlock the true potential of their wealth.
About us
Based in Bellevue, WA, and led by nationally ranked financial advisor Terry Cook, CFP® CIMA®, Parcion Private Wealth (Parcion) is an independent wealth management firm servicing high-net-worth business owners, entrepreneurs, and first-generation wealth creators and their families. With a distinctive family-office approach, Parcion partners with families to unlock the true potential of their wealth. Parcion is committed to supporting them in taking care of the people they love for generations and helping them think bigger about what's next, keeping more of what they've built for themselves, their families, and the causes they care about. The Parcion team has years of experience assisting business owners through a sale or transition, advocating for the client's best interests. Parcion provides holistic wealth management solutions that encompass all aspects of each family's lives, from cash flow optimization and tax mitigation, to estate planning and succession, and beyond. The firm offers entrepreneurs and business owners a single touchpoint for both their financial and non-financial lives, by streamlining and simplifying advice and solutions across its offerings, including investment management, wealth enhancement, wealth transfer, wealth protection, charitable giving, and lifestyle and family support services.
- Website
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http://parcionpw.com
External link for Parcion Private Wealth
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Bellevue, Washington
- Type
- Privately Held
- Founded
- 2019
- Specialties
- Wealth Management, Financial Services, Financial Services , and Financial Planners
Locations
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Primary
11980 NE 24th St
Ste. 210
Bellevue, Washington 98005, US
Employees at Parcion Private Wealth
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Terry Cook, CFP®, CIMA®
Managing Principal at Parcion Private Wealth
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Shay Frederickson
Senior Client Service Specialist at Parcion Private Wealth
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Stacee Kratovil, CFP®
Senior Family Advisor at Parcion Private Wealth
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Steven Matyas
Advanced Planning Associate at Parcion Private Wealth
Updates
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We recently partnered with Abran Villegas, CEPA and Lazear ESOP | M&A Advisors to host a session on Employee Stock Ownership Plans (ESOPs) as a valuable business exit strategy. ESOPs not only help preserve your company legacy but also empower employees by transitioning ownership in a tax-efficient manner. Our CEO and managing principal, Terry Cook, CFP®, CIMA®, shared insights on our comprehensive approach and planning process that support a successful transition. Whether you are contemplating selling your business or just starting to think about your exit strategy, preparing and building a team of industry experts invested in your success is essential. At Parcion, we partner exclusively with business owners and their families up to, through, and post-liquidity event, supporting them in unlocking the true potential of their wealth and optimizing their what’s next. To learn more about ESOPs, you can tune into our recent podcast episode – How to Use ESOPs to Optimize Your Business (https://lnkd.in/gw7W5ZtF) – or download our whitepaper – How to Successfully Exit Your Business with an Employee Stock Ownership Plan (https://lnkd.in/g-wEJJ_S). If you would like to discuss how an ESOP might fit into your business strategy, please contact us at [email protected] or visit www.parcionpw.com. #ParcionPW #Parcion #FamilyBusiness #FamilyLegacy #WealthTransfer #WhatsNext #ESOP #EmployerStockOwnershipPlan #Entrepreneur #BusinessOwners
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Parcion is proud to announce that we have been voted Best Financial Adviser in 425 Magazine’s Best of 425 awards! This recognition, voted on by our community, demonstrates our dedication to guiding families through impactful, comprehensive decision making. At Parcion, we focus on supporting those we serve to optimize their wealth and think bigger about what’s next. We foster deep relationships of mutual understanding and trust, showing families how to maximize their impact and take care of generations to come. We thank 425 Magazine and all of our partners; your confidence inspires us to strive for excellence and continue providing best in class service. Here's to more achievements and continued success in unlocking the full potential of what we can accomplish together! Important disclosures about the award are found here: https://lnkd.in/gQb7AsuB #ParcionPW #Parcion #WealthManagement #Community #Partnership #BestFinancialAdviser #BestOf425
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Our CEO and Managing Principal, Terry Cook, CFP®, CIMA®, was a featured speaker at Vistage Worldwide, Inc.'s biannual Executive Summit last week. Thank you, Vistage, for the opportunity and partnership! Terry spoke to an audience of Greater Seattle’s business owners, executives, and CEOs about expanding generational communication to transform the way families talk about wealth. He shared insights and strategies to maintain healthy relationships, emphasizing the importance of using dialogue to prevent conflicts. At Parcion we support business owners and their families through these dynamics, providing the resources to unlock their wealth’s potential. Our recent podcast episode "What's Next? Unlocking Generational Wealth Conversations with Mike McGrann" is an impactful conversation on the topic, addressing legacy preservation and wealth communication. https://lnkd.in/gEJDvcSS If you are interested in learning more about how Parcion can support your generational conversations, please contact us at [email protected] or visit www.parcionpw.com. #ParcionPW #Parcion #Vistage #GenerationalConversations #LegacyTransfer #BusinessOwners #WealthTransfer #FamilyEngagement #WhatsNext #WealthPotential
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Parcion is honored to be recognized once again on the Puget Sound Business Journal's list of Top Corporate Philanthropists for 2024. Achieving this distinction for another consecutive year, we proudly stand at #4 among other esteemed organizations committed to affecting positive change. At Parcion, our dedication to making a philanthropic impact and building strong community relationships is at the heart of everything we do. We continuously engage with our team and the families we serve to support causes and initiatives that align with their goals and passions. We look forward to another year of striving for a better world through collective action and generosity! Important disclosures about the award are found here: https://lnkd.in/gJ74BS7w #ParcionPW #Parcion #Philanthropy #WealthManagement #CorporateCitizenship #Community #PSBJ #PugetSoundBusinessJournal #CorporatePhilanthropists
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Congratulations to Kathleen Carbone, CFP®, Principal and Director of Advisory, for being recognized as a 2024 Puget Sound Business Journal 40 Under 40 honoree! We are proud of her commitment to serving female business owners and their families, positively impacting the community, and supporting the next generation. Kathleen, we are grateful for your leadership and can’t wait to continue making an impact together! Read the full interview here: https://lnkd.in/gZn9Hgm7 #Parcion #ParcionPW #WealthManagement #RIA #PugetSoundBusinessJournal #40Under40 #Community #PSBJ #PSBJ40 #FinancialAdvisor #Philanthropy
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What's Next? Podcast Episode 14 is live! Join Terry Cook, CFP®, CIMA® and guest Michael McGrann, from the Fidelity Center for Family Engagement, as they discuss legacy preservation and wealth communication. They tackle fears surrounding wealth's impact on future generations and strategies for constructive family dialogue. As a subject matter expert on families of wealth and family-owned firms, Mike shares insights on maintaining healthy relationships around wealth, emphasizing the importance of open communication to prevent misunderstandings and conflicts. Tune in to Mike and Terry's conversation on Parcion's original podcast, "What's Next? Unlocking Generational Wealth Conversations with Mike McGrann". Listen now at www.parcionpw.com/podcasts or wherever you stream your podcasts. If you are interested in learning more about how Parcion can support your generational conversations, please contact us at [email protected] or visit www.parcionpw.com. #ParcionPW #Parcion #WhatsNext #Podcast #BusinessOwners #LegacyPreservation #WealthTransfer #GenerationalConversations #FamilyEngagement
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From our experience supporting business owners and their families in unlocking the true potential of their wealth, we recognize the importance of an individualized approach. We partner with entrepreneurs to help them keep more of what they've built for themselves, their families, and the causes they care about. We provide strategies to support each relationship's unique needs and goals, while optimizing their business and thinking bigger about what's next. One such opportunity lies in qualified small business stock (QSBS), a powerful financial tool that has garnered attention for its potential to raise capital for your growing business, attract top talent, and offer notable tax savings. Business owners and their professional networks may uncover ample benefits associated with QSBS. Download our whitepaper to take a closer look at how QSBS works, ways to implement it in a company and as an investor, and how it could potentially play a role in a family's wealth planning strategy. https://lnkd.in/eDFqVD6E #ParcionPW #Parcion #QSBS #QualifiedSmallBusinessStock #BusinessOwners #TaxPlanning #AdvancedPlanning #BusinessSale
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Our CEO and Managing Principal Terry Cook, CFP®, CIMA® was recently featured by Financial Advisor Magazine on “Building A Virtual Family Office For Family Businesses.” At Parcion, we're dedicated to helping family-owned businesses unlock the true potential of their wealth, from navigating liquidity events to long-term legacy planning. Through our virtual family office (VFO) model, developed in partnership with CEG Worldwide LLC, we provide clients with unparalleled resources and expertise. From optimizing business sales to personalized lifestyle services, we are here to support the specific needs of those we serve. Terry’s journey from the wirehouse world to founding Parcion Private Wealth demonstrates our commitment to innovation and client-centric service. His advice for fellow advisors emphasizes the importance of building a great team, focusing on client needs, giving new strategies time to flourish, and implementing systematic processes. Read the full article to discover Parcion’s unique approach to wealth management: https://lnkd.in/gTX-NpUQ #ParcioPW #Parcion #FinancialAdvisor #VirtualFamilyOffice #WealthManagement #Innovation #ClientCentric #LegacyPlanning #CEGWorldwide #FamilyOwnedBusinesses #BusinessOwners
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We would like to introduce Lauren Small as the newest Parcion team member! Lauren joins us as our Operations & Compliance Manager. Welcome, Lauren, we are excited for your knowledge to positively impact our growth! With over seven years of industry experience, Lauren manages Parcion’s regulatory compliance and various operational components as Parcion's Operations and Compliance Manager. She’s served in Manager, Director, and Accountant roles at several prominent, leading financial firms and RIAs, such as Moss Adams, KMS Financial, Columbia Pacific, and Corient. Lauren’s unique blend of skills, strengths, and talent elevate Parcion’s growth, making our operations department one of the most experienced and talented in the industry, supporting the team in providing world-class service to the families we serve. As a Washington State alumni, Lauren majored in Accounting and holds a Master of Accountancy degree. She is a Seattleite born and raised, currently residing in her hometown of West Seattle. In her free time, she enjoys traveling to experience new cities and cultures, practicing yoga, skiing, and spending time with her family and friends. #ParcionPW #Parcion #Welcome #NewHire #WealthManagement #RIA #Operations #WhatsNext