Parallel Advisors: Platform Profile

Overview

Parallel Advisors is an SEC-registered independent wealth-management firm offering investment management, planning, family-office, trust and tax services.

Current regulatory identity:

• Investment adviser: Parallel Advisors, LLC
• CRD: 140800
• SEC number: 801-68107
• Current ADV Part 2A date: 2026-06-26

Current standard private-client fee schedule:

• First 250k: 1.25%
• 250k to 2m: 1.00%
• 2m to 4m: 0.85%
• 4m to 6m: 0.70%
• 6m to 10m: 0.60%
• 10m to 25m: 0.50%
• Over 25m: 0.30%
• Annual minimum fee: $7,500

The schedule is tiered and blended.

May fit better for

• high-net-worth individuals wanting integrated wealth planning;
• families seeking tax and trust capabilities;
• clients comfortable with progressive AUM pricing;
• households using Fidelity or Schwab;
• investors needing estate and wealth-transfer coordination;
• families considering private investments;
• clients who want discretionary management.

May fit less well for

• small portfolios where the $7,500 minimum fee is expensive;
• investors seeking a flat subscription;
• clients who want one universal all-in fee;
• users who assume the 0.30% tier applies to all assets above $25 million;
• investors who want no custody-referral conflicts;
• clients who require daily liquidity from all holdings.

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Parallel Advisors, LLC is the current adviser

Current disclosure:

• Investment adviser: Parallel Advisors, LLC
• CRD: 140800
• SEC number: 801-68107

The current brochure is dated June 26, 2026.

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The current private-client schedule is progressive

• First 250k: 1.25%
• Next 1 75m: 1.00%
• Next 2m: 0.85%
• Next 2m 4m to 6m: 0.70%
• Next 4m 6m to 10m: 0.60%
• Next 15m 10m to 25m: 0.50%
• Over 25m: 0.30%
• Schedule progressive: Yes
• Fees negotiable: Yes

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Fee math at $5 million

First $250,000:

$250,000 × 1.25% = $3,125

Next $1.75 million:

$1,750,000 × 1.00% = $17,500

Next $2 million:

$2,000,000 × 0.85% = $17,000

Next $1 million:

$1,000,000 × 0.70% = $7,000

Illustrative annual fee:

$44,625

Average:

0.8925%

This excludes fund, manager and custody costs.

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Annual minimum fee is $7,500

Current brochure:

• Annual minimum fee: $7,500

The brochure states that below approximately:

• Minimum fee crossover: $688,000

the fee can exceed the ordinary published tier schedule.

Store the crossover as an illustration of the fee minimum, not an account-opening minimum.

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Effective advisory fee will not exceed 2.00%

Current brochure:

• Maximum effective investment advisory fee: 2.00%

This protects against an unlimited effective rate from the minimum fee.

Private funds, managers and underlying products can still add expenses.

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Billing is generally quarterly in advance

Current brochure:

• Billing frequency: quarterly
• Billing timing general: in advance
• Initial quarter billing: in arrears

The first quarter is treated differently from continuing quarters.

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Stand-alone planning can cost up to $1,000 per hour

Current brochure:

• Standalone planning hourly: up to $1,000/hour

The exact fee is negotiable based on scope and professional.

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Tax preparation is separately priced

Current brochure:

• Tax preparation hourly: $310/hour
• Tax preparation minimum fee: $3,000
• Flat tax fee possible: Yes

Tax preparation is a separate service.

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Retirement-plan pricing is separate

Current brochure publishes a different retirement-plan schedule:

• Retirement plan fee range: 0.70%-0.15%
• Retirement plan minimum annual fee: $5,000

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Parallel does not sponsor a wrap fee program

Current brochure:

• Wrap fee program: No

Custody, trading and third-party investment costs can therefore remain separate.

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Parallel does not accept performance-based fees

Current brochure:

• Performance based fee: No

A private fund or independent manager used by a client can still charge its own incentive or management fee.

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Private investments and independent managers can add fees

Current disclosure:

• Private investment funds: Yes
• Independent managers: Yes
• Additional private or manager fees possible: Yes

The platform's adviser-recruiting materials also describe access to alternative investments and unique investment solutions.

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Schwab and Fidelity are the principal custody recommendations

Current brochure:

• Custodian:
• Charles Schwab
• Fidelity

Parallel and the custodian are separate legal roles.

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Custodian support and Fidelity referrals create conflicts

Current brochure states Parallel receives certain support services and products from Schwab and Fidelity.

It also participates in Fidelity Wealth Advisor Solutions.

Current Fidelity referral disclosures show:

• Fidelity WAS fixed income referral fee: 0.10%
• Fidelity WAS other assets referral fee: 0.25%
• Fidelity WAS annual program fee: $50,000

The referral fees are paid by Parallel, not directly added to the client's invoice.

The arrangement can create an incentive to maintain applicable referred accounts at Fidelity.

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Current public scale should remain dated

Current website:

• Public AUM: $11B+
• Public AUM as of: 2026-05-07

Current Part 2A, using December 31, 2025 data:

• Discretionary AUM: $10,303,921,867
• Non discretionary AUM: $3,623,714

Assessment

Parallel has one of the cleaner fee schedules in the current RIA batches.

The important calculations are progressive, not flat.

The $7,500 minimum can raise the effective rate for smaller accepted relationships, but the brochure separately caps the effective advisory fee at 2.00%.

The other cost layers to inspect are:

• private funds;
• independent managers;
• custody;
• tax preparation;
• Fidelity referral economics.