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RIA comparison · SEC Form ADV

Parallel Advisors, LLC vs Cary Street Partners

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

Parallel Advisors, LLC and Cary Street Partners are almost exactly the same size, with $10B and $10B in regulatory assets (Parallel Advisors, LLC slightly ahead), by their latest Form ADV filings. Cary Street Partners reports more individual clients (6,641 vs 4,169), while Parallel Advisors, LLC’s clients hold more on average (about $2.2 million each against $1.3 million). Parallel Advisors, LLC is based in SAN Francisco, California and Cary Street Partners in Richmond, Virginia.

FigureParallel Advisors, LLCCary Street Partners
Regulatory AUM$10B$10B
National rank#92#94
HeadquartersSAN Francisco, CaliforniaRichmond, Virginia
Individual clients4,1696,641
High-net-worth clients1,0132,175
Average client assets$2.2 million$1.3 million
Accounts4,24216,731
Discretionary100% of AUM68% of AUM
Employees137182
Advisory staff6185
Clients per advisory employee6878
Offices2125
Form ADV filed2026-06-292026-03-30

Parallel Advisors, LLC

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Cary Street Partners

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Pension consulting
  • Selecting other advisers
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees
  • Performance-based fees
  • Other

Questions

Which is bigger, Parallel Advisors, LLC or Cary Street Partners?

Parallel Advisors, LLC, with $10B in regulatory assets under management against $10B at Cary Street Partners. Nationally they rank #92 and #94 among 5,657 independent wealth management RIAs.

How many clients do Parallel Advisors, LLC and Cary Street Partners have?

Parallel Advisors, LLC reports 4,169 individual clients (1,013 high-net-worth) with 61 advisory employees; Cary Street Partners reports 6,641 (2,175 high-net-worth) with 85 advisory employees.

How do Parallel Advisors, LLC and Cary Street Partners charge clients?

Only Cary Street Partners lists performance-based fees; other forms of compensation on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do Parallel Advisors, LLC and Cary Street Partners offer?

Cary Street Partners lists educational seminars and workshops, which Parallel Advisors, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for businesses and institutions; pension consulting; selecting other advisers.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Parallel Advisors, LLC ↗, Cary Street Partners ↗. How to check a financial advisor →