Parcion Private Wealth, an independent wealth management firm serving high-net-worth business owners and entrepreneurs, launched this week. Parcion is led by partners Terry Cook and Kyle Caouette, two financial advisers who previously led UBS’s $1.4 billion The Cascade Group. The team is also comprised of 11 additional advisers and support staff. Parcion is based in Bellevue, Wash.
The firm focuses on financial planning and holistic wealth management for first-generation wealth creators and their families. Providing a family office approach, the team specializes in preparing business owners for highly specialized events, including liquidity, strategizing for generational wealth transfers, and community giving, as well as continuing their work with clients who have previously gone through life-changing liquidity events.
