Parallel49 Equity
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Overview
Parallel49 Equity is a financial advisor company headquartered in Lake Forest, Illinois. The firm manages $492.4 million in assets over four client accounts, making it one of the larger firms in the nation by assets under management (AUM). It has a small group, including 7 financial advisors. Parallel49 Equity is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as options, bonds and stocks.
Parallel49 Equity manages all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which transaction decisions for the client's account are made by an investment advisor without needing client permission. Parallel49 Equity supervises about $123.1 million for each customer account. An average financial advisor at Parallel49 Equity manages fewer than one client account, making it one of the most personalized advisor firms in the country.
The firm's main office is located at 225 East Deerpath Road, Suite 200, Lake Forest, Illinois 60045.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Parallel49 Equity by the Numbers
$492.4 million
8
4
$123.1 million
Fee Structure
Fees charged by financial advisors typically vary depending on the type of financial services provided. However, fees billed by Parallel49 Equity most likely include the following fee structures: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Parallel49 Equity provides services to pooled investment vehicles. Out of its four accounts, Parallel49 Equity's largest client group is pooled investment vehicles. Around 50% of its accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Parallel49 Equity does not have any disclosures.
Please visit its Form ADV for more details.
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