Pat the beef stew meat dry with paper towels and season evenly with sea salt and black pepper.
Heat the olive oil in a heavy-bottomed pot or Dutch oven over medium-high heat.
Sear the beef in the pot until a dark golden crust forms on all sides, then remove the beef and set aside.
Add the pearl onions, sliced carrots, and sliced parsnips to the same pot, sautéing for 4 minutes until the edges begin to soften.
Stir in the minced garlic and tomato paste, cooking for 1 minute until fragrant.
Pour in the red wine to deglaze the pot, scraping up any browned bits from the bottom with a wooden spoon.
Return the beef to the pot and add the beef bone broth along with the fresh thyme and rosemary sprigs.
Bring the liquid to a gentle boil, then reduce heat to low, cover, and simmer for 60 to 90 minutes until the beef is fork-tender.
Remove the herb sprigs before serving hot in a shallow bowl.