Parallel Advisors, Llc
SEC-registered
Wealth Manager · Large ($10B–$100B)
CRD 140800
· SEC file 801-68107
· San Francisco, CA
· www.linkedin.com
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ADV data as of Jun 29, 2026
- Regulatory AUM
- $10.3B
- Discretionary
- $10.3B
- Clients
- 4,240
- Avg AUM / client
- $2.4M
- Accounts
- 4,242
- Employees
- 137
AUM over time
$165M
$10.3B
Dec 2011
Jun 2026
Annual snapshots from Form ADV filings · as of Jun 29, 2026
Asset allocation (SMA assets by investment type)
as of Jun 29, 2026
Registered investment companies (funds/ETFs)
$3.6B
35%
Exchange-traded equities
$3.5B
34%
Other
$928M
9%
Cash & equivalents
$722M
7%
State & local bonds
$515M
5%
Pooled investment vehicles
$515M
5%
Investment-grade corporate bonds
$309M
3%
US government & agency bonds
$103M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 3,156 | $3.8B | 37.2% |
| High net worth individuals | 1,013 | $5.4B | 52.8% |
| Pension and profit sharing plans | 39 | $910M | 8.83% |
| Charitable organizations | 8 | $24.9M | 0.24% |
| Other investment advisers | Fewer than 5 | $3.0M | 0.03% |
| Corporations and other businesses | 24 | $100M | 0.97% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Frontier Airlines, Inc. 401(k) Retirement Plan Frontier Airlines, Inc. | 2024 | |
| Lake Charles Memorial Health System 403(b) Plan Southwest Louisiana Hospital Association | 2024 | |
| Md Imaging, Inc. 401(k) Profit Sharing Plan Md Imaging Inc. | 2024 | |
| Stan Clark Companies, Inc. 401(k) Plan Stan Clark Companies, Inc. | 2024 | |
| Gordon Rees Scully Mansukhani, Llp 401(k) Retirement Plan Gordon Rees Scully Mansukhani, Llp | 2024 | |
| United Airlines Pilot Retirement Account Plan United Airlines, Inc. | 2024 |
People (81)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jerry Eilert Rendic | Chief Executive Officer | Aug 2006 (20y) | Less than 5% | |
| Srinivasan, Sangeetha, Kapisthalam | Chief Compliance Officer | Mar 2018 (8y) | Less than 5% | |
| Aldrich, Michael, Hunter | Chief Operating Officer | Oct 2022 (4y) | Less than 5% | |
| Haspel, Daniel, Jonathan | Elected Manager | Nov 2022 (4y) | Less than 5% | |
| Gabianelli, Diane, Deluca | Chief Financial Officer | Dec 2022 (4y) | Less than 5% | |
| Scanlan, Matthew, Howard | Elected Manager | Dec 2022 (4y) | GP / trustee / elected manager of Prism Topco Gp, Llc (indirect) | |
| Zhu, Jennifer, No Middle Name | Elected Manager | Dec 2022 (4y) | GP / trustee / elected manager of Prism Topco Gp, Llc (indirect) | |
| Jacob Frederick Schutt | Registered representative | May 2007 (19y) | ||
| Jason Marshall Beccaris | Registered representative | Aug 2009 (17y) | ||
| Robert John Higgins | Registered representative | Sep 2009 (17y) | ||
| Charles Lucas Hatch | Registered representative | Sep 2009 (17y) | ||
| James Andrews Mills | Registered representative | Jul 2010 (16y) | ||
| Victor Shihchong Liao | Registered representative | Jul 2011 (15y) | ||
| Michael Paul Ma | Registered representative | CFP Chartered Financial Consultant | Nov 2012 (14y) | |
| Matthew Glenn Clements | Registered representative | Feb 2013 (13y) | ||
| William George Clements | Registered representative | Feb 2013 (13y) | ||
| Matthew James Kennedy | Registered representative | Jan 2014 (13y) | ||
| Stephanie Cooper | Registered representative | CFP | May 2015 (11y) | |
| Amy Elizabeth Barker | Registered representative | CFP CFA | Sep 2015 (11y) | |
| Michael Whitney Stephens | Registered representative | Sep 2015 (11y) | ||
| Heatherlyn Corey Hyde | Registered representative | Jan 2016 (11y) | ||
| Mary Frances K M Meyer | Registered representative | Sep 2016 (10y) | ||
| Steve Tadao Kuriyama | Registered representative | CFP Chartered Financial Consultant | Sep 2016 (10y) | |
| Ramon Joseph Polin | Registered representative | Dec 2016 (10y) | ||
| Robert Earl Lee Aaron Henrich | Registered representative | CFP CFA | Jul 2018 (8y) | |
| Richard Allen Ashburn | Registered representative | CFA | Jun 2019 (7y) | |
| Elaina C Serotte | Registered representative | CFP | Sep 2019 (7y) | |
| Frederick John Molfino | Registered representative | Sep 2020 (6y) | ||
| Knud Bang Gotterup | Registered representative | Nov 2020 (6y) | ||
| Daniel Robert D'orazio | Registered representative | Sep 2021 (5y) | ||
| Evan C Jones | Registered representative | CFA | Sep 2021 (5y) | |
| Darin Bradley Fierstein | Registered representative | Oct 2021 (5y) | ||
| Matthew Robert Mcguire | Registered representative | CFP | Dec 2021 (5y) | |
| Lia Whisler Seara | Registered representative | CFP | Apr 2022 (4y) | |
| Robert Allan Roesener | Registered representative | CFP | Dec 2022 (4y) | |
| Christopher Roberts Broderick | Registered representative | Dec 2022 (4y) | ||
| Heather Leah Katzenstein | Registered representative | Jan 2023 (4y) | ||
| Kipp Christopher Goll | Registered representative | CFA | Jan 2023 (4y) | |
| Mark Andrew Fiedler | Registered representative | CFA | Jan 2023 (4y) | |
| Stephen Paul Weatherby | Registered representative | CFP | Jan 2023 (4y) | |
| Donald Steven Cuppy | Registered representative | Jan 2023 (4y) | ||
| Spencer Edward Terris | Registered representative | CFP | Jan 2023 (4y) | |
| Austin Richard Witherill | Registered representative | Feb 2023 (3y) | ||
| John Leslie Stull | Registered representative | CFA | Feb 2023 (3y) | |
| Jason Gabriel Richards | Registered representative | CFA | Mar 2023 (3y) | |
| Michael Steven Millman | Registered representative | CFP Chartered Financial Consultant | Apr 2023 (3y) | |
| Kevin Michael Williamson | Registered representative | Jul 2023 (3y) | ||
| Cara Elizabeth Barr | Registered representative | Jul 2023 (3y) | ||
| Bridget Clare Mc Guire | Registered representative | Jul 2023 (3y) | ||
| John Kang | Registered representative | Jul 2023 (3y) | ||
| Sharon Karraker Cohen | Registered representative | Oct 2023 (3y) | ||
| Ashley Lauren Stephenson | Registered representative | CFP | Nov 2023 (3y) | |
| Ashley Charles Daggs | Registered representative | CFP | Jan 2024 (3y) | |
| Seth Adam Scholar | Registered representative | Feb 2024 (2y) | ||
| Ryan John Mc Weeney | Registered representative | Feb 2024 (2y) | ||
| Tanner Nels Wraa | Registered representative | Feb 2024 (2y) | ||
| Kameron Thomas Smith | Registered representative | CFP | Feb 2024 (2y) | |
| Christopher John Cummock | Registered representative | Dec 2024 (2y) | ||
| Bruce Allan Frankel | Registered representative | CFP | Dec 2024 (2y) | |
| Gray Scudder Jaggers | Registered representative | Jan 2025 (2y) | ||
| James Kevin Glasheen | Registered representative | CFP | Jan 2025 (2y) | |
| Roy Harvey Kissin | Registered representative | Jan 2025 (2y) | ||
| Shannon Nicole Stone | Registered representative | CFP | Jan 2025 (2y) | |
| Kenneth Lee Millman | Registered representative | CFA | Feb 2025 (1y) | |
| Nicole Marie Amore | Registered representative | CFP | Mar 2025 (1y) | |
| Carl Scott Lamb | Registered representative | CFP | Apr 2025 (1y) | |
| Nathan Buzaid Thomsen | Registered representative | CFP | May 2025 (1y) | |
| Joshua Holt Hall | Registered representative | CFP | Jun 2025 (1y) | |
| Phillip Ronald Scavo | Registered representative | CFP | Jul 2025 (1y) | |
| Brenden Todd King | Registered representative | CFP | Jul 2025 (1y) | |
| Caroline Harris Burns | Registered representative | Jul 2025 (1y) | ||
| Kyte Tsuyoshi Crigger | Registered representative | CFP | Sep 2025 (1y) | |
| Frederick Joseph Linkner | Registered representative | CFA | Oct 2025 (1y) | |
| Karen Joy Mc Millan | Registered representative | CFP | Nov 2025 (1y) | |
| Gabriel Sandler | Registered representative | Dec 2025 (1y) | ||
| Benjamin Eugene Shroyer | Registered representative | Dec 2025 (1y) | ||
| William Gilbert Barrett | Registered representative | Feb 2026 (0y) | ||
| David Ryan Droppo | Registered representative | CFP | Jun 2026 (0y) | |
| James Richard Crocker | Registered representative | Jun 2026 (0y) | ||
| Douglas Jay Eaton | Registered representative | Jul 2026 (0y) | ||
| Jacalyn Kay Ferreira | Registered representative | Jul 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Prism Acquisition, Llc | Member | Dec 2022 | A | 75% or more |
| Parallel Mergerco Ii R, Llc | Member | Dec 2022 | A | 10% – 25% |
| Prism Intermediate Investments, Llc | Member | Nov 2022 | B | ≈ 56.25% – 100% via Prism Acquisition, Llc |
| Prism Acquisition, Llc | Member | Nov 2022 | B | ≈ 7.5% – 25% via Parallel Mergerco Ii R, Llc |
| Prism Topco, L.P. | Member | Nov 2022 | B | ≈ 42.19% – 100% via Prism Intermediate Investments, Llc |
| Ggcof Prism Splitter, L.P. | Member | Nov 2022 | B | 75% or more of Prism Topco Gp, Llc (indirect) |
| Golden Gate Capital Opportunity Fund A, L.P. | Managing Member | Nov 2022 | B | ≈ 7.91% – 50% via Ggcof Prism Blocker, Llc |
| Ggc Opportunity Fund Management, L.P. | General Partner | Nov 2022 | B | ≈ 7.91% – 50% via Golden Gate Capital Opportunity Fund, L.P. |
| Ggcof Prism Blocker, Llc | Limited Partner | Nov 2022 | B | ≈ 10.55% – 50% via Prism Topco, L.P. |
| Golden Gate Capital Opportunity Fund, L.P. | Limited Partner | Nov 2022 | B | ≈ 10.55% – 50% via Prism Topco, L.P. |
| Prism Topco Gp, Llc | General Partner | Nov 2022 | B | GP / trustee / elected manager of Prism Topco, L.P. (indirect) |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Prism Intermediate Investments, Llc: 75% – 100% of Prism Acquisition, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Prism Acquisition, Llc: 75% – 100% of Parallel Mergerco Ii R, Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Prism Topco, L.P.: 75% – 100% of Prism Intermediate Investments, Llc × 75% – 100% of Prism Acquisition, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Golden Gate Capital Opportunity Fund A, L.P.: 75% – 100% of Ggcof Prism Blocker, Llc × 25% – 50% of Prism Topco, L.P. × 75% – 100% of Prism Intermediate Investments, Llc × 75% – 100% of Prism Acquisition, Llc × 75% – 100% direct ≈ 7.91% – 50% of the firm
- Ggc Opportunity Fund Management, L.P.: 75% – 100% of Golden Gate Capital Opportunity Fund, L.P. × 25% – 50% of Prism Topco, L.P. × 75% – 100% of Prism Intermediate Investments, Llc × 75% – 100% of Prism Acquisition, Llc × 75% – 100% direct ≈ 7.91% – 50% of the firm
- Ggcof Prism Blocker, Llc: 25% – 50% of Prism Topco, L.P. × 75% – 100% of Prism Intermediate Investments, Llc × 75% – 100% of Prism Acquisition, Llc × 75% – 100% direct ≈ 10.55% – 50% of the firm
- Golden Gate Capital Opportunity Fund, L.P.: 25% – 50% of Prism Topco, L.P. × 75% – 100% of Prism Intermediate Investments, Llc × 75% – 100% of Prism Acquisition, Llc × 75% – 100% direct ≈ 10.55% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (6)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Frontier Airlines, Inc. 401(k) Retirement Plan | Frontier Airlines, Inc. | 7,716 | $962M | 01/01/2024 |
| Lake Charles Memorial Health System 403(b) Plan | Southwest Louisiana Hospital Association | 2,772 | $110M | 01/01/2024 |
| Md Imaging, Inc. 401(k) Profit Sharing Plan | Md Imaging Inc. | 0 | $5.5K | 01/01/2024 |
| Stan Clark Companies, Inc. 401(k) Plan | Stan Clark Companies, Inc. | 164 | $8.9M | 01/01/2024 |
| Gordon Rees Scully Mansukhani, Llp 401(k) Retirement Plan | Gordon Rees Scully Mansukhani, Llp | 2,831 | $450M | 01/01/2024 |
| United Airlines Pilot Retirement Account Plan | United Airlines, Inc. | 17,444 | $16.8B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/29/2026 | 1.03 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- National Financial Services (Fidelity) $5.4B (53% of AUM) Jun 2026
- Charles Schwab & Co. $3.5B (34% of AUM) Jun 2026
- Fidelity Investments $2.6B (69% of AUM) Mar 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 29, 2026.
View current Form ADV (SEC/IAPD) ↗