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Parcion Private Wealth

Multifamily office listing in Bellevue, Washington, United States.

  • SEC-registered
  • Founded 2019
Regulatory AUM
$3.0 billion
Employees
28
Clients
101-250
Founded
2019

Independent multi-family office providing concierge wealth planning, investment management, and broader financial guidance for business owners, entrepreneurs, wealth creators, and their families.1

Overview

Parcion Private Wealth is an independent multi-family office serving business owners, entrepreneurs, wealth creators, and their families. The firm describes its work as concierge planning that extends beyond portfolio management and addresses clients’ broader financial lives.1

History

Terry Cook and other principals founded Parcion in 2019. The firm reports that it became registered as an investment adviser in October 2020.23

The SEC lists PARCION PRIVATE WEALTH LLC as an approved investment adviser, effective October 11, 2019, under CRD 305115 and SEC file number 801-117477.4

Timeline

  1. 2019Terry Cook and other principals founded Parcion in 2019.
  2. 2020The firm reports that it became registered as an investment adviser in October 2020.

Leadership

Terry Cook is Chief Executive Officer and Managing Principal. He founded Parcion and has more than 30 years of financial-services experience.5

Kathleen Carbone is Chief Advisory Officer and Principal, leading Parcion’s team of advisers.6

Services

Parcion provides financial planning, consulting, and investment management, including discretionary and non-discretionary portfolio management.3

Its reported advisory services also include portfolio management for individuals and small businesses, selecting other advisers, and educational seminars.7

What the firm offers

  • Investment management
  • Financial planning
  • Administration and bill pay
  • Business owner services

Client Focus

The firm works with business owners, entrepreneurs, wealth creators, and their families. Its client categories include individuals and high-net-worth individuals.18

Parcion says its community includes exclusive access to investment opportunities, philanthropic initiatives, cultural events, and other relationship-building experiences.1

Approach

Parcion presents its approach as concierge planning that extends beyond portfolio management and addresses a client’s broader financial life.1

Assets and Minimums

Parcion’s 2025 fifth-anniversary announcement said the firm had grown to more than $2.41 billion in assets under management after five years.9

Its March 10, 2026 Form ADV reports $2,951,714,286 in regulatory assets under management.8

By the numbers

Regulatory AUM by year$0K$812M$1.6B$2.4B$3.2B202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 305115. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2020$1.1 billion$1.1 billion$0
2021$1.5 billion$1.5 billion$0
2022$2.1 billion$2.1 billion$0
2023$1.7 billion$1.7 billion$0
2025$2.5 billion$2.5 billion$42 million
2026$3.0 billion$2.1 billion$826 million
Average AUM per client by year$0K$5M$10M$15M$20M202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 305115. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of .
Average AUM per client
YearAverage AUM per client
2020$9 million
2021$8 million
2022$4 million
2023$7 million
2025$14 million
2026$18 million
Clients by type (2026)High net worth individuals106Individuals59
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 305115. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
Individuals59
High net worth individuals106
Employees by year08152331202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 305115. As of .
Employees reported on Form ADV
YearEmployees
202018
202120
202222
202328
202525
202628

FAQs

What type of firm is Parcion Private Wealth?

Parcion Private Wealth is an independent multi-family office serving business owners, entrepreneurs, wealth creators, and their families.1

What services does Parcion provide?

The firm provides financial planning, consulting, investment management, portfolio management, adviser selection, and educational seminars.37

Who leads Parcion Private Wealth?

Terry Cook is Chief Executive Officer and Managing Principal, while Kathleen Carbone is Chief Advisory Officer and Principal.56

  • LocationMultifamily offices in Bellevue

    The Bellevue multifamily offices page helps readers compare firms serving families and business owners in the region. It can provide local context for evaluating services such as investment management, financial planning, administration, and bill pay when considering a firm like Parcion Private Wealth.

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  • Network siteFamilyOffices.com

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  • GuideFiduciary duty vs suitability

    The fiduciary duty versus suitability page explains two standards that may appear in conversations with wealth firms. Understanding the distinction can help a family or business owner prepare questions about investment management, financial planning, conflicts, and how recommendations are made.

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    Profiles for Evergreen Gavekal, Aletheian Wealth Advisors LLC, and Avantia Investment Services offer additional points of comparison on this site. Reviewing their listed services and client focus can help readers frame questions for a firm serving entrepreneurs, business owners, and their families.

Sources

  1. Parcion Private Wealth
  2. Terry Cook, America’s Top Wealth Advisors
  3. Parcion Private Wealth Form ADV Part 2A, 2025
  4. SEC AdviserInfo Firm Summary
  5. Terry Cook, Parcion team profile
  6. Kathleen Carbone, Parcion team profile
  7. SEC Form ADV report
  8. Parcion Form ADV report dated March 10, 2026
  9. Parcion Private Wealth celebrates fifth anniversary

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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