# Parametric Portfolio Associates

> 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.

- CRD: 114310
- Filed as: PARAMETRIC PORTFOLIO ASSOCIATES
- Legal name: Parametric Portfolio Associates LLC
- Also doing business as: PARAMETRIC, PARAMETRIC PORTFOLIO ASSOCIATES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Seattle, WA
- Filing period: October 2026
- Form ADV filing dated: April 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/114310
- AdvisorCensus page: https://advisorcensus.com/firm/parametric-portfolio-associates-seattle-wa-114310

## Quick answers

**How is Parametric Portfolio Associates compensated?**
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). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Parametric Portfolio Associates located?**
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).

**Is Parametric Portfolio Associates registered with the SEC or a state?**
Parametric Portfolio Associates is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 114310.

**How much does Parametric Portfolio Associates manage?**
Parametric Portfolio Associates reports $684,777,137,029 in regulatory assets under management in its Form ADV filing dated April 21, 2026 (94% discretionary).

**How have Parametric Portfolio Associates' assets and staff changed since 2021?**
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.

**What types of clients does Parametric Portfolio Associates serve?**
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).

**Which custodians does Parametric Portfolio Associates use?**
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.

**Does Parametric Portfolio Associates report any disciplinary disclosures?**
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

**What changed in Parametric Portfolio Associates' recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York
- Morgan Stanley (affiliated with the firm)

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.

### Regulatory assets under management (Item 5.F)
- Total: $684,777,137,029
- Discretionary: $643,886,790,286
- Non-discretionary: $40,890,346,743

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 151,182 | $64,935,426,896 |
| High net worth individuals | 78,745 | $318,516,294,039 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 97 | $37,383,547,091 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 114 | $14,401,826,142 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 559 | $107,893,402,816 |
| Charitable organizations | 1,755 | $74,304,795,339 |
| State or municipal government entities (including government pension plans) | 19 | $1,401,484,493 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | 93 | $508,588,604 |
| Sovereign wealth funds and foreign official institutions | 1 | $1,454,101 |
| Corporations or other businesses not listed above | 7,725 | $65,430,317,508 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2001 (25 years)
- Employees: 1,109 total, 213 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): 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?
- 11.D(2): 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?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/114310

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Alpharetta, GA
- Boston, MA
- Minneapolis, MN
- New York, NY
- Westport, CT

### Websites listed on Form ADV (Item 1.I)
- parametricportfolio.com
- platform.parametricportfolio.com
- portal.parametricportfolio.com
- LinkedIn @parametric
- X @ParametricLLC
- YouTube @parametric

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $312,912,005,438 | 600 | September 7, 2021 |
| October 2022 | $428,918,167,506 | 669 | June 6, 2022 |
| October 2023 | $386,290,864,100 | 836 | August 21, 2023 |
| October 2024 | $475,093,919,406 | 877 | September 4, 2024 |
| October 2025 | $574,020,820,789 | 1,006 | April 9, 2025 |
| October 2026 | $684,777,137,029 | 1,109 | April 21, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Parametric Portfolio Associates (CRD 114310): Form ADV filing data as of October 2026.