Wealth manager, public-company owned · Seattle, WA
Parametric Portfolio Associates
Parametric Portfolio Associates LLC · SEC-registered investment adviser · CRD 114310 · SEC 801-60485
At a glance
Parametric Portfolio Associates is an SEC-registered investment adviser based in Seattle, Washington, with $684.8 billion in regulatory assets under management as of its Form ADV filed April 21, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 229,927 individual clients. By Form ADV it is a wealth manager (public-company owned), ranked 2nd of 8,915 wealth managers and 35th of 17,210 SEC-registered advisers by assets.
Main office 206-694-5500parametricportfolio.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $685B
- Rank among wealth managers
- #2 of 8,915
- Rank among all SEC RIAs
- #35 of 17,210
- Rank in Washington
- #1 of 271
- Individual clients
- 229,927
- High-net-worth clients
- 78,745
- Accounts
- 240,280
- Discretionary
- 94% of AUM
- Employees
- 1,109
- Advisory staff
- 213
- Offices
- 6
Owners and executives on its Form ADV
- Thomas B. LeeCo-President, Chief Investment Officer
- Ranjit KapilaCo-President, Chief Technology Officer and Head of Operations
- Cindy M. KimChief Compliance Officer
- Benjamin P. HammesHead of Derivatives Advisory Compliance
- Melissa G. FellChief Administrative Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Parametric Portfolio Associates is a hybrid RIA: 59 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Eaton Vance Distributors, Inc., Morgan Stanley & Co. LLC, Morgan Stanley Asia Limited, Morgan Stanley Capital Services, LLC, Morgan Stanley Distribution, Inc. and Morgan Stanley Smith Barney LLC.
- Eaton Vance Distributors, Inc. ↗CRD 37731
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Morgan Stanley & Co. LLC ↗CRD 8209
- Morgan Stanley Asia Limited
- Morgan Stanley Capital Services, LLC
- Morgan Stanley Distribution, Inc. ↗CRD 30344
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Morgan Stanley Smith Barney LLC ↗CRD 149777
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 78,745 | $319B | 47% |
| Pension and profit sharing plans | 559 | $108B | 16% |
| Charitable organizations | 1,755 | $74B | 11% |
| Corporations or other businesses | 7,725 | $65B | 10% |
| Individuals | 151,182 | $65B | 9% |
| Investment companies | 97 | $37B | 5% |
| Pooled investment vehicles | 114 | $14B | 2% |
| State or municipal government entities | 19 | $1.4B | <1% |
| Insurance companies | 93 | $509M | <1% |
| Sovereign wealth funds and foreign official institutions | 1 | $1M | <1% |
Private funds
Parametric Portfolio Associates reports 12 private funds with $9.6B in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Parametric Portfolio Associates answers yes to 10 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗parametricportfolio.com ↗
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The full record on Parametric Portfolio Associates
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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- Growth over one, three and five years
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- Rank against 33 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Parametric Portfolio Associates manage?
Parametric Portfolio Associates reports $684.8 billion in regulatory assets under management across 240,280 accounts, 94% of it on a discretionary basis, on its Form ADV filed April 21, 2026.
What kind of firm is Parametric Portfolio Associates?
Parametric Portfolio Associates is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals. A public reporting company controls it.
Who are Parametric Portfolio Associates’s clients?
By assets, its largest client types are high-net-worth individuals ($318.5 billion, 78,745 clients); pension and profit sharing plans ($107.9 billion, 559 clients); charitable organizations ($74.3 billion, 1,755 clients).
Does Parametric Portfolio Associates manage private funds?
Yes. It reports 12 private funds with $9.6 billion in gross assets, including hedge funds, other private funds.
Does Parametric Portfolio Associates have any disciplinary history?
Parametric Portfolio Associates answers yes to 10 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Parametric Portfolio Associates’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 (2026-04-21), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →