Insights: News

BBC: “Planning Ahead for Adoption”

Christopher P. Parr comments on adoption planning for the BBC.   On the amount of money adoption with take: “To be safe, add 20% to what you are being told the adoption will cost,”  said Parr.  To read the full article — “Planning Ahead for Adoption: Keep Costs, Time in Check” by Kate Ashford — Click Here     […]

Press Release — Advisor Completes Challenging Decade Safeguarding Howard County MD Pension

Baltimore MD – Oct. 1, 2013 – Christopher P. Parr, of Columbia-based Parr Financial Solutions, Inc. completed his 2nd, voluntary five-year term as a member of the Howard County MD Pension Oversight Commission. Mr. Parr also served as chairperson of the Commission since 2007 and during the turbulent “Great Recession” of 2008 – our country’s […]

BankRate – Smart Financial Moves for College Freshmen

Alyssa Parr, daughter of Christopher P. Parr who heads Parr Financial Solutions, a wealth management firm in Columbia, MD., discusses some of the big financial mistakes she made her first semester at California Polytechnic State University. “(In the) first quarter, I spent so much money, but I learned a lot,” says Parr.  Tamara Lytle, who wrote the Bankrate […]

Financial Planning Magazine – Safer Strategies for Leveraged Investing

Christopher P. Parr comments on leveraged investing in Financial Planning Magazine :  “My advice to clients over my 20-plus years has always been to never buy on margin,” says Chris Parr,  who heads Parr Financial Solutions, a wealth management firm in Columbia, Md. “You should not invest what you don’t have.” Several planners agreed that margin loans […]

Baltimore Sun – Wall Street Shrugs Off Sequester

Christopher P. Parr, when interviewed by Baltimore Sun columnist Eileen Ambrose on whether Wall Street ignoring political drama in Washington is the new norm, said “Wall Street has gotten ahead of the game.” “Sure, there are positive signs, Parr said, but the economy’s annual growth rate will be cut by at least half a percentage […]

Wall Street Journal – Adopting? Prepare to be Surprised

Christopher P. Parr was interviewed by Veronica Dagher, columnist for Wealth Management at WSJ.com, about the financial impact of adoption that prospective parents don’t realize until they start paying.  “Unexpected costs often crop up,” said Christopher Parr.  He recommended that “clients budget for costs to be at least 20% higher than they originally estimated.” “Those […]

Financial Advisor Magazine: Trust and Estate Documents & Planning

Christopher P. Parr was interviewed by Senior Editor Wayne Rasmussen for the Wealth Management & Estate Planning section of the May, 2012 issue of “Financial Advisor Magazine” about the perils of flawed language in trust documents. The key takeaways from the interview are: 1. All estate documents should be reviewed and updated when your life […]

The Baltimore Sun: Debt-Ceiling Debate

Debt-ceiling debate, market downslide test investors’ appetite for risk For risk-averse, it’s a good time review your portfolio. Christopher Parr is quoted in this article, which discusses how to manage risk in your portfolio. “If it is for short-term purposes — within the next year or up to five years — that money shouldn’t bounce […]

Columbia Financial Advisor reappointed to Howard County Pension Oversight Commission

BALTIMORE, MD — Christopher P. Parr of Clarksville, president of Columbia-based Parr Financial Solutions, Inc., has been reappointed to serve a voluntary, second five-year term as a member of the Howard County Pension Oversight Commission. Parr has also been serving as the elected chairperson of the Commission since 2007. The five-member Oversight Commission monitors the […]

Dental Products Report: Christopher P. Parr Among “2011 Best Financial Advisors for Dentists”

BALTIMORE, MD — Christopher P. Parr, president of Columbia-based Parr Financial Solutions, Inc., has been recognized by Dental Products Report as one of “2011 Best Financial Advisers for Dentists”. The list includes 77 advisers nationwide. Advisors were selected based on certifications, over a decade of experience with a depth of knowledge about a broad range […]