Wealth manager, independent · SAN Francisco, CA
Parallel Advisors, LLC
SEC-registered investment adviser · CRD 140800 · SEC 801-68107
At a glance
Parallel Advisors, LLC is an SEC-registered investment adviser based in SAN Francisco, California, with $10B in regulatory assets under management as of its Form ADV filed June 29, 2026. It reports 4,169 individual clients, 1,013 of them high-net-worth, holding an average of about $2.2 million each, and 137 employees. That ranks it 92nd among the nation’s 5,657 independent wealth management RIAs and 15th of 714 in California. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 866-627-6984paralleladvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $10B
- Rank among independent wealth managers
- #92 of 5,657
- Rank among all SEC RIAs
- #1,334 of 17,210
- Rank in California
- #15 of 714
- Individual clients
- 4,169
- High-net-worth clients
- 1,013
- Accounts
- 4,242
- Discretionary
- 100% of AUM
- Employees
- 137
- Advisory staff
- 61
- Offices
- 21
Owners and executives on its Form ADV
- Jerry E. RendicChief Executive Officer
- Diane D. GabianelliChief Financial Officer
- Sangeetha K. SrinivasanChief Compliance Officer
- Daniel J. HaspelElected Manager
- Jacob F. SchuttChief Wealth Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Parallel Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,013 | $5.4B | 53% |
| Individuals | 3,156 | $3.8B | 37% |
| Pension and profit sharing plans | 39 | $910M | 9% |
| Corporations or other businesses | 24 | $100M | <1% |
| Charitable organizations | 8 | $25M | <1% |
| Other investment advisers | – | $3M | <1% |
Disciplinary disclosures
Parallel Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
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
Form ADV and brochures on the SEC’s adviser search ↗paralleladvisors.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Rank against 395 peers of its type and size
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in California
All of California →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Alphacore Capital LLCLa Jolla | $13B | 3,985 |
| Perigon Wealth Management, LLCSAN Francisco | $11B | 5,421 |
| Pure Financial Advisors, LLCSAN Diego | $11B | 7,503 |
| Composition Wealth, LLCLOS Angeles | $9.5B | 3,760 |
| Axxcess Wealth Management, LLCCarlsbad | $8.9B | 9,558 |
| Robertson StephensSAN Francisco | $8.8B | 2,236 |
Compare Parallel Advisors, LLC with
- Parallel Advisors, LLC vs Plancorp, LLC $11B · Saint Louis, MO
- Parallel Advisors, LLC vs Great Valley Advisor Group, LLC $11B · Berwyn, PA
- Parallel Advisors, LLC vs Bartlett & Co. Wealth Management LLC $10B · Cincinnati, OH
- Parallel Advisors, LLC vs Cary Street Partners $10B · Richmond, VA
- Parallel Advisors, LLC vs Pure Financial Advisors, LLC $11B · SAN Diego, CA
Background
Questions
How much does Parallel Advisors, LLC manage?
Parallel Advisors, LLC reports $10B in regulatory assets under management across 4,242 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 29, 2026.
How many clients does Parallel Advisors, LLC have?
It reports 4,169 individual clients: 1,013 high-net-worth individuals and 3,156 other individuals. Individuals account for about 90% of its regulatory assets.
Where is Parallel Advisors, LLC headquartered?
Its main office is in SAN Francisco, California. It reports 21 offices in total and 137 employees, 61 of whom perform investment advisory functions.
How does Parallel Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Parallel Advisors, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed June 29, 2026, it reports these amounts held: Fidelity ($5.4B); Charles Schwab ($3.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Parallel Advisors, LLC a hybrid RIA with a broker-dealer?
Parallel Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Parallel Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Parallel Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Parallel Advisors, LLC’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). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-29), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →