Parallel Resource Partners, LLC
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Learn more about Parallel Resource Partners, LLC
Overview
Parallel Resource Partners, LLC operates as an advisory firm located in Dallas, Texas. The firm manages $47.0 million in total assets over six accounts. Parallel Resource Partners, LLC 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 tradable financial investments like options, bonds and stocks.
Parallel Resource Partners, LLC administers all of its client assets in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by an investment advisor without requiring client approval. Parallel Resource Partners, LLC supervises an average of $7.8 million for each customer account.
Parallel Resource Partners, LLC's main office is at 300 Crescent Court, Dallas, Texas 75201. It is permitted to serve customers in the state of Texas.
Assets Under Management
Disclosures
Office Location
Parallel Resource Partners, LLC by the Numbers
$47.0 million
6
$7.8 million
Fee Structure
Fees for financial management depend on which services the firm provides the client. Fees billed by Parallel Resource Partners, LLC likely include some blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
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
-
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
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to pooled investment vehicles and charitable organizations. Out of its six customers, Parallel Resource Partners, LLC's largest client type by number of accounts is pooled investment vehicles. About 50% of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 83.33%
- Charitable Organizations - 16.67%
* 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
Parallel Resource Partners, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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