CHEVY CHASE, Md., April 10, 2012 /PRNewswire/ -- Edgar L. Parrish of Parrish & Co. Private Wealth Management, LLC has been recognized by Medical Economics magazine in its 2011 listing of 196 U.S. financial advisors providing the best wealth management services for physicians. Six advisors in Maryland were listed, with only three being fee-only (non-commission).

Medical Economics, a respected 85 year old professional publication, provides articles for physicians about the business aspects of operating a private medical office and personal financial matters unique to doctors in their rapidly changing field. In its 2011 compilation, "Best Financial Advisors for Doctors," Medical Economics selected the financial professionals following a background review. Applicants were required to meet Standards of Inclusion – knowledge, years of experience, assets managed, and good standing.

As of March 16, 2012, Parrish & Co. had approximately $121 million of total assets under management with $117 million managed on a discretionary basis. Parrish & Co. primarily serves clients with investible portfolios between $1 million and $15 million. It counts a significant number of physicians, their families, and physician practice retirement plans among its clients. The Firm maintains its own proprietary Wrap Fee Program (PPWM) with a current roster of 42 institutional quality, separately managed account (SMA) firms representing more than 50 investment styles.  Parrish & Co. partners with Prima Capital / Envestnet for independent due diligence and Black Diamond / Advent for performance measurement and formal reporting. 

Edgar L. Parrish CFP®, CIMA®
As a co-founder of the eponymous firm, Edgar L. Parrish has spent his entire 41 year career directly advising families, trusts, boards, and retirement plans. Mr. Parrish is a Board of Standards CERTIFIED FINANCIAL PLANNER™ (CFP®) and also holds the Certified Investment Management Analyst (CIMA®) designation of the Investment Management Consultants Association, certified in its program with the Wharton School of the University of Pennsylvania. He serves as a member of the Advisory Board of the McIntire School of Commerce at the University of Virginia.  

About Parrish & Co. Private Wealth Management, LLC   
Established in 2009 by advisors with 58 years of combined financial services experience, Parrish & Co. Private Wealth Management, LLC, is a Chevy Chase, MD Registered Investment Adviser (RIA) firm. It has quickly distinguished itself among Washington DC area independent, boutique wealth management advisory firms with its strategic, manager of managers approach to professional asset management, coupled with calculated risk/return metrics, probability-based planning, and high-touch, responsive client service. Parrish & Co. is registered with the SEC in its Large Advisory Firm category. Registration does not imply any level of skill or training.

Additional information about Edgar L. Parrish and Parrish & Co. Private Wealth Management, LLC, is located at www.paladinregistry.com/advisor/edgar_l.parrish and www.parrishpwm.com.    

SOURCE Parrish & Co. Private Wealth Management, LLC