{
  "crd_number": 114310,
  "slug": "parametric-portfolio-associates-seattle-wa-114310",
  "primary_business_name": "PARAMETRIC PORTFOLIO ASSOCIATES",
  "legal_name": "PARAMETRIC PORTFOLIO ASSOCIATES LLC",
  "dbas": [
    "PARAMETRIC",
    "PARAMETRIC PORTFOLIO ASSOCIATES"
  ],
  "city": "Seattle",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "42660",
  "metro": {
    "cbsa_code": "42660",
    "common_name": "Seattle",
    "msa_name": "Seattle-Tacoma-Bellevue, WA",
    "path": "/advisors/wa/seattle"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2001-08-17",
  "years_registered": 25,
  "period": "2026-10-01",
  "filing_date": "2026-04-21",
  "carried_forward": false,
  "raum_total": 684777137029.0,
  "raum_discretionary": 643886790286.0,
  "raum_non_discretionary": 40890346743.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 1109,
  "advisory_employees": 213,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 74304795339.0,
      "count": 1755
    },
    "individuals": {
      "raum": 64935426896.0,
      "count": 151182
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 1401484493.0,
      "count": 19
    },
    "insurance_companies": {
      "raum": 508588604.0,
      "count": 93
    },
    "investment_companies": {
      "raum": 37383547091.0,
      "count": 97
    },
    "pension_profit_sharing": {
      "raum": 107893402816.0,
      "count": 559
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 318516294039.0,
      "count": 78745
    },
    "pooled_investment_vehicles": {
      "raum": 14401826142.0,
      "count": 114
    },
    "corporations_other_businesses": {
      "raum": 65430317508.0,
      "count": 7725
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 1454101.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 3,
  "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",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://linkedin.com/company/parametric",
    "https://parametricportfolio.com",
    "https://platform.parametricportfolio.com",
    "https://portal.parametricportfolio.com",
    "https://x.com/ParametricLLC",
    "https://youtube.com/@parametric"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/114310",
  "disclosure_items": [
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "SEATTLE",
  "url": "https://advisorcensus.com/firm/parametric-portfolio-associates-seattle-wa-114310",
  "display_name": "Parametric Portfolio Associates",
  "summary": "Parametric Portfolio Associates is an SEC-registered investment advisory firm in Seattle, WA, registered since 2001, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 21, 2026.",
  "citation": "AdvisorCensus. Parametric Portfolio Associates (CRD 114310): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Parametric Portfolio Associates compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Parametric Portfolio Associates reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Parametric Portfolio Associates located?",
      "a": "Parametric Portfolio Associates' principal office is in Seattle, WA, according to its Form ADV; the May 2026 filing also lists 5 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Parametric Portfolio Associates registered with the SEC or a state?",
      "a": "Parametric Portfolio Associates is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 114310."
    },
    {
      "q": "How much does Parametric Portfolio Associates manage?",
      "a": "Parametric Portfolio Associates reports $684,777,137,029 in regulatory assets under management in its Form ADV filing dated April 21, 2026 (94% discretionary)."
    },
    {
      "q": "How have Parametric Portfolio Associates' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Parametric Portfolio Associates: Regulatory assets under management: $312,912,005,438 in the October 2021 data and $684,777,137,029 in the October 2026 data, up 119%. Total employees: 600 in October 2021 and 1,109 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Parametric Portfolio Associates serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (151,182); high net worth individuals (78,745); corporations or other businesses not listed above (7,725)."
    },
    {
      "q": "Which custodians does Parametric Portfolio Associates use?",
      "a": "Parametric Portfolio Associates' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York and Morgan Stanley (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Parametric Portfolio Associates report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/114310"
    },
    {
      "q": "What changed in Parametric Portfolio Associates' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 198 to 213. Regulatory assets under management went from $574,020,820,789 to $684,777,137,029 (+19%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 312912005438.0,
      "total_employees": 600,
      "filing_date": "2021-09-07"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 428918167506.0,
      "total_employees": 669,
      "filing_date": "2022-06-06"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 386290864100.0,
      "total_employees": 836,
      "filing_date": "2023-08-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 475093919406.0,
      "total_employees": 877,
      "filing_date": "2024-09-04"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 574020820789.0,
      "total_employees": 1006,
      "filing_date": "2025-04-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 684777137029.0,
      "total_employees": 1109,
      "filing_date": "2026-04-21"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 198 to 213.",
        "Regulatory assets under management went from $574,020,820,789 to $684,777,137,029 (+19%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York",
      "name_as_filed": "BANK OF NEW YORK",
      "affiliated": false
    },
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": true
    }
  ],
  "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/parametric-portfolio-associates-seattle-wa-114310.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 151182,
      "fewer_than_5": false,
      "raum": 64935426896.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 78745,
      "fewer_than_5": false,
      "raum": 318516294039.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 97,
      "fewer_than_5": false,
      "raum": 37383547091.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 114,
      "fewer_than_5": false,
      "raum": 14401826142.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 559,
      "fewer_than_5": false,
      "raum": 107893402816.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1755,
      "fewer_than_5": false,
      "raum": 74304795339.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 19,
      "fewer_than_5": false,
      "raum": 1401484493.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": true,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 93,
      "fewer_than_5": false,
      "raum": 508588604.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 1,
      "fewer_than_5": true,
      "raum": 1454101.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 7725,
      "fewer_than_5": false,
      "raum": 65430317508.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "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/114310",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}