{ "crd_number": 140800, "slug": "parallel-advisors-llc-san-francisco-ca-140800", "primary_business_name": "PARALLEL ADVISORS, LLC", "legal_name": "PARALLEL ADVISORS, LLC", "dbas": [], "city": "San Francisco", "state": "CA", "country": "United States", "cbsa_code": "41860", "metro": { "cbsa_code": "41860", "common_name": "San Francisco", "msa_name": "San Francisco-Oakland-Fremont, CA", "path": "/advisors/ca/san-francisco" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2007-06-26", "years_registered": 19, "period": "2026-10-01", "filing_date": "2026-06-29", "carried_forward": false, "raum_total": 10307545581.0, "raum_discretionary": 10303921867.0, "raum_non_discretionary": 3623714.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 137, "advisory_employees": 61, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 24927499.0, "count": 8 }, "individuals": { "raum": 3832388703.0, "count": 3156 }, "pension_profit_sharing": { "raum": 909681237.0, "count": 39 }, "other_investment_advisers": { "raum": 2964566.0, "count": null, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 5437402891.0, "count": 1013 }, "corporations_other_businesses": { "raum": 100180685.0, "count": 24 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AK", "AL", "AR", "AZ", "CA", "CO", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "ID", "IL", "IN", "KS", "KY", "LA", "MA", "MD", "ME", "MI", "MN", "MO", "MS", "MT", "NC", "ND", "NE", "NH", "NJ", "NM", "NV", "NY", "OH", "OK", "OR", "PA", "RI", "SC", "SD", "TN", "TX", "UT", "VA", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://facebook.com/PARALLEL-ADVISORS-LLC-30063731639", "https://linkedin.com/COMPANY/PARALLEL-ADVISORS", "https://linkedin.com/in/amy-barker-cfa-cfp-cdfa-1b1bb81", "https://linkedin.com/in/ash-daggs-cfp%C2%AE-6045934", "https://linkedin.com/in/ashley-stephenson-cfp%C2%AE-66102571", "https://linkedin.com/in/austin-witherill", "https://linkedin.com/in/bob-higgins-78055617", "https://linkedin.com/in/brenden-king", "https://linkedin.com/in/bridgetmcguire", "https://linkedin.com/in/c-j-rendic-4a91817", "https://linkedin.com/in/caraelizabethbarr", "https://linkedin.com/in/carolinehburns", "https://linkedin.com/in/christopher-broderick-95179056", "https://linkedin.com/in/coreyhyde", "https://linkedin.com/in/danieldorazio28", "https://linkedin.com/in/darin-fierstein-51059648", "https://linkedin.com/in/diane-gabianelli-95884213", "https://linkedin.com/in/donald-cuppy-0b7714a", "https://linkedin.com/in/elainaserotte", "https://linkedin.com/in/evancarterjones", "https://linkedin.com/in/fredmolfinojr", "https://linkedin.com/in/fritz-linkner-cfa-0b87575", "https://linkedin.com/in/heather-katzenstein-39b04449", "https://linkedin.com/in/jakeschutt", "https://linkedin.com/in/james-mills-b5166", "https://linkedin.com/in/jason-richards-cfa-52640b8", "https://linkedin.com/in/jasonbeccaris", "https://linkedin.com/in/joan-schriger-7092648", "https://linkedin.com/in/john-stull-6396437", "https://linkedin.com/in/knud-gotterup-aams%C2%AE-aif%C2%AE-31b1bb", "https://linkedin.com/in/kristin-atchison-b6341322", "https://linkedin.com/in/kylecaouette", "https://linkedin.com/in/liawhislerseara", "https://linkedin.com/in/lucashatch", "https://linkedin.com/in/mark-baker-34aa861", "https://linkedin.com/in/mark-fiedler-97bb471b", "https://linkedin.com/in/matt-clements-01126317", "https://linkedin.com/in/matt-mcguire-cfp%C2%AE-9131195", "https://linkedin.com/in/matthew-kennedy-mba-26b9498", "https://linkedin.com/in/michael-murray-2955b42", "https://linkedin.com/in/michael-s-millman-cfp-chfc-clu-aep-casl-ricp-chsnc-a743276", "https://linkedin.com/in/michaelpma", "https://linkedin.com/in/michaelwstephens", "https://linkedin.com/in/namore", "https://linkedin.com/in/ramon-j-polin-jd-aif-3ab5671", "https://linkedin.com/in/rickashburn", "https://linkedin.com/in/rob-henrich-cfa-cfp-3bab8915b", "https://linkedin.com/in/robertroesener", "https://linkedin.com/in/roykissin", "https://linkedin.com/in/ryan-mcweeney-2764b7183", "https://linkedin.com/in/salil-mehta-9320a5246", "https://linkedin.com/in/sangeetha-srinivasan-0a8714", "https://linkedin.com/in/shannonstone3", "https://linkedin.com/in/sharon-cohen-02459a1a", "https://linkedin.com/in/spencer-terris-59406b53", "https://linkedin.com/in/stephanie-cooper-cfp%C2%AE-1b03834b", "https://linkedin.com/in/stephen-weatherby-b9a9295", "https://linkedin.com/in/steve-kuriyama-msfs-cfp%C2%AE-chfc-clu-casl-48311a84", "https://linkedin.com/in/tanner-wraa-219285107", "https://linkedin.com/in/victor-liao-82936a1", "https://linkedin.com/in/william-clements-4741546", "https://paralleladvisors.com", "https://x.com/PARALLELADV?LANG=EN" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140800", "city_as_filed": "SAN FRANCISCO", "url": "https://advisorcensus.com/firm/parallel-advisors-llc-san-francisco-ca-140800", "display_name": "Parallel Advisors, LLC", "summary": "Parallel Advisors, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.", "citation": "AdvisorCensus. Parallel Advisors, LLC (CRD 140800): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Parallel Advisors, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Parallel Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "How much does Parallel Advisors, LLC charge?", "a": "Its Form ADV Part 2A brochure dated June 26, 2026 states: Hourly rate: up to $1,000 an hour (financial planning and/or consulting services…); Hourly rate: $310 an hour (tax preparation services). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Parallel Advisors, LLC located?", "a": "Parallel Advisors, LLC's principal office is in San Francisco, CA, according to its Form ADV; the July 2026 filing also lists 11 other offices (Schedule D, Section 1.F)." }, { "q": "Is Parallel Advisors, LLC registered with the SEC or a state?", "a": "Parallel Advisors, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 140800." }, { "q": "How much does Parallel Advisors, LLC manage?", "a": "Parallel Advisors, LLC reports $10,307,545,581 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary)." }, { "q": "How have Parallel Advisors, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Parallel Advisors, LLC: Regulatory assets under management: $3,811,586,295 in the October 2021 data and $10,307,545,581 in the October 2026 data, up 170%. Total employees: 65 in October 2021 and 137 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Parallel Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,156); high net worth individuals (1,013); pension and profit sharing plans (but not the plan participants or government pension plans) (39)." }, { "q": "Which custodians does Parallel Advisors, LLC use?", "a": "Parallel Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Parallel Advisors, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/140800" }, { "q": "What changed in Parallel Advisors, LLC's recent Form ADV filings?", "a": "In the July 2026 filing data: Added an office in Walnut Creek, CA." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3811586295.0, "total_employees": 65, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 5443156513.0, "total_employees": 74, "filing_date": "2022-08-26" }, { "period": "2023-10-01", "regulatory_assets_under_management": 5708131871.0, "total_employees": 91, "filing_date": "2023-09-05" }, { "period": "2024-10-01", "regulatory_assets_under_management": 7076381972.0, "total_employees": 111, "filing_date": "2024-07-09" }, { "period": "2025-10-01", "regulatory_assets_under_management": 8735387332.0, "total_employees": 126, "filing_date": "2025-07-18" }, { "period": "2026-10-01", "regulatory_assets_under_management": 10307545581.0, "total_employees": 137, "filing_date": "2026-06-29" } ], "recent_changes": [ { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Added an office in Walnut Creek, CA." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 64 to 61.", "Regulatory assets under management went from $8,735,387,332 to $10,307,545,581 (+18%).", "No longer lists an office in Beverly Hills, CA." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated June 26, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [ "Hourly rate: up to $1,000 an hour (financial planning and/or consulting services…)", "Hourly rate: $310 an hour (tax preparation services)" ], "figures": [ { "label": "Planning fee", "statements": [ "Hourly rate: up to $1,000 an hour (financial planning and/or consulting services…)" ], "quotes": [ "Registrant’s planning and consulting fees are negotiable, but generally range up to $1,000 on an hourly rate basis, depending upon the level and scope of the service(s) required and the professional(s) rendering the service(s)." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $310 an hour (tax preparation services)" ], "quotes": [ "The Registrant’s hourly fee for tax preparation services is negotiable but is generally provided at $310 per hour, subject to a minimum fee of $3,000." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": null, "minimum_annual_fee": null, "planning": [ { "kind": "hourly", "amount": null, "min": null, "max": 1000.0, "period": "hour", "service": "financial planning and/or consulting services (including investment and non-investment related matters, including estate" }, { "kind": "hourly", "amount": 310.0, "min": null, "max": null, "period": "hour", "service": "tax preparation services" } ] }, "quotes": [ "Registrant’s planning and consulting fees are negotiable, but generally range up to $1,000 on an hourly rate basis, depending upon the level and scope of the service(s) required and the professional(s) rendering the service(s).", "The Registrant’s hourly fee for tax preparation services is negotiable but is generally provided at $310 per hour, subject to a minimum fee of $3,000." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "National Financial Services LLC", "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/parallel-advisors-llc-san-francisco-ca-140800.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 3156, "fewer_than_5": false, "raum": 3832388703.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 1013, "fewer_than_5": false, "raum": 5437402891.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 39, "fewer_than_5": false, "raum": 909681237.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 8, "fewer_than_5": false, "raum": 24927499.0 }, { "type": "other_investment_advisers", "label": "Other investment advisers", "count": null, "fewer_than_5": true, "raum": 2964566.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 24, "fewer_than_5": false, "raum": 100180685.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/140800", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }