Parallel Advisors, LLC (San Francisco)

Name: Parallel Advisors, LLC
Address: 150 Spear Street, Suite 950, San Francisco, CA, 94105
Telephone: 866-627-6984

Parallel Advisors, LLC is a large advisory firm based in San Francisco. It manages $2.39 billion of regulatory assets for 6,575 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Parallel Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Parallel Advisors: assets under management

The assets under management (AUM) of Parallel Advisors, LLC is $2.39 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6857% since the beginning of its operation, and $1.27 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.39 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.02 thousand each.

Parallel Advisors has custody of $129.46 million in cash and securities for 114 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parallel Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Parallel Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Parallel Advisors is high net worth individuals with 510 clients and $1.61 billion of assets under management. Among the 9 most similar advisory firms, Parallel Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.39 billion for 2,050 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Parallel Advisors doesn't advise any private funds.

Careers at Parallel Advisors, LLC

The company employs 55 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 31 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jordan Michael Lawrence has served as the Chief Investment Officer since 1 Feb 2017. Richard Allen Ashburn joined the executive team most recently as the Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jerry Eilert Rendic	Managing member/principal	1 Jan 2006	25% - 50%	2250186
Jacob Frederick Schutt	Member/principal	1 May 2007	Other	4588040
Jason Marshall Beccaris	Member/principal	1 Aug 2009	Other	4524388
Scott Timothy Farrar	Chief compliance officer/ principal	1 Aug 2009	Other	2209134
Charles Lucas Hatch	Member/principal	1 Sep 2009	Other	4690683
Robert John Higgins	Member/principal	1 Sep 2009	Other	1159861
Reed Grenz Minuth	Member/principal	1 Jul 2011	Other	809563
Christopher Cother Powers	Chief compliance officer/member/principal	1 Aug 2011	Other	1682585
Michael Paul Ma	Member/principal	1 Nov 2012	Other	4475896
William George Clements	Member/principal	1 Feb 2013	Other	1248265
Matthew Glenn Clements	Member/principal	1 Feb 2013	Other	5886012
Bruce Spaulding Edwards	Member/principal	1 Mar 2013	Other	2870572
Diane Gabianelli	Member/principal	1 Jan 2015	Other	6452884
Roy Harvey Kissin	Member/principal	1 Aug 2015	Other	3046514
Amy Elizabeth Barker	Member/principal	1 Sep 2015	Other	4646830
Sandra Kay Pierce	Member/principal	1 Sep 2015	Other	2485488
Kurt William Beyer	Member/principal	1 Sep 2015	Other	5643468
Relura Michele Horton	President and chief operating officer	1 Sep 2016	Other	4568249
Steve Tadao Kuriyama	Member/principal	1 Oct 2016	Other	1326708
Knud Bang Gotterup	Member/principal	1 Nov 2016	Other	2384573
Jordan Michael Lawrence	Chief investment officer	1 Feb 2017	Other	5261825
Sangeetha Kapisthalam Srinivasan	Chief compliance officer	1 Mar 2018	Other	6801941
Robert Earl Lee Aaron Henrich	Member/principal	1 Apr 2018	Other	2291902
Frederick Joseph Linkner	Member/principal	1 Sep 2018	Other	1226240
Richard Allen Ashburn	Principal	1 May 2019	Other	1590050

Based in San Francisco

The principal office where Parallel Advisors, LLC performs its advisory services is located at 150 Spear Street, Suite 950, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Dayton, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-627-6984 or by fax 415.520.9659. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at paralleladvisors.com and its LinkedIn profile.