The PARALLEL ADVISORS, LLC is a privately held investment adviser that advises $8.74Bn in regulatory assets under management held in 0 SEC fund types across 0 investment strategies. PARALLEL ADVISORS, LLC is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 175.69% over the last 5-years.
The Group has been registered with the SEC for 18.61 years and is comprised of 1 filing and 0 relying advisers. They operate out of 13 office locations with their Headquarters at 150 SPEAR STREET SUITE 1600, SAN FRANCISCO, CA. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 126 employees comprised of 64 investment and 62 non-investment staff. The total number of Employees increased by 117.24% over the last 5-years.
Their $8.74Bn in assets advised are owned by 0 private funds, 0 public funds and BDCs and 68 other accounts. Assets of High Net Worth Individuals clients own $5.09Bn or 58.27% of Total Assets and Individuals own $2.75Bn or 31.47% of Total Assets.
The Group's top investment strategies include , representing of total assets, respectively.
They advise 5 types of clients, top clients are High Net Worth Individuals and Individuals.
The Group uses 0 Fund Administrators, 0 Fund Auditors, 0 Prime Brokers, 0 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses fixed fees and management fees.
PARALLEL ADVISORS, LLC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a MEDIUM risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In PARALLEL ADVISORS, LLC's case, they have 4 business conditions that require high process maturity and 0 Watch Factors.