Insights: Wealth Management

Understanding Investment Risk: Impact of Individual Stocks

This article was originally published in River Hill Magazine. The fastest way to accumulate wealth is to buy the stock of the best company you can find, invest all of your available cash, and sit tight until you eventually need the money.  Most people do not follow this approach because they realize no one is […]

Wall Street Journal – Giving the Gift of Money

Financial Gifts Can Provide Lasting Value to Recipients—and Save You Cash   Christopher Parr was mentioned in this Wall Street Journal article by finance writer Liz Moyer on financial gift tax exemptions. “Erwin Freed says he and his wife, Carolyn, opened 529 college-savings plans for their three grandchildren four years ago with the help of their financial […]

Financial Advisor Magazine: Trust and Estate 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 Trust and Estate Documents & Planning. The focus:  the perils of flawed language in trust documents. The key takeaways from the interview are: 1. All estate documents […]

The Business Monthly: Gifting Appreciated Securities – A Win-Win Deal

Charitable contributions are an important part of many household budgets. It is quite common for families who budget carefully to base annual contributions to charities on a targeted percentage of gross household income. Charitable donations generally range between 1% to 10%. A typical percentage is perhaps 3%. Most donees, however, overlook a gifting strategy that […]

The Business Monthly: How to Weather Stock Market Turbulence

Safe to say that with a fair amount of monumental events happening throughout 2011, investors experienced the upsides and downsides of stock market turbulence. Throughout the years I have developed a few ways to weather stock market turbulence and reduce volatility through diversification. Weathering Stock Market Turbulence I recommend that investors take these five steps […]

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 […]

George Johns, CFP® joins Columbia, MD Wealth Management Firm

BALTIMORE, MD — Christopher P. Parr, president Parr Financial Solutions, Inc., is pleased to announce George A. Johns, CFP® has joined the Columbia. MD wealth management firm the firm as Financial Advisor and Director of Client Services. According to Parr, “George Johns is looking forward to working as a fee-only advisor providing objective, unbiased advice […]