Parametric Portfolio Associates LLC is a large advisory firm based in Seattle. It manages $224.33 billion of regulatory assets for 32,606 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Parametric Portfolio Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Parametric Portfolio Associates LLC is $224.33 billion. The firm's AUM has grown by 3290% since the beginning of its operation, and $11.24 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Parametric Portfolio Associates LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Parametric Portfolio Associates is high net worth individuals with 12,951 clients and $53.81 billion of assets under management. Among the 11 most similar advisory firms, Parametric Portfolio Associates has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $224.33 billion for 32,606 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Parametric Portfolio Associates also advises several private funds. Namely, seven hedge funds and one liquidity fund. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 455 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Parametric Portfolio Associates LLC performs its advisory services is located at 800 Fifth Avenue, Seattle, WA 98104, which is also the mailing address of the firm. An additional office of the firm is in Westport, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 206-694-5575 or by fax 206-381-7055. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at parametricportfolio.com.