Parametric Portfolio Associates

CRD#114310
Investment Advisor Firm

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Learn more about Parametric Portfolio Associates

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Parametric Portfolio Associates is located at 800 Fifth Avenue, Seattle, WA. The firm employs 191 financial advisors to manage client portfolios and provide financial guidance. Parametric Portfolio Associates is not a registered broker-dealer.

    Parametric Portfolio Associates oversees $475.1 billion in assets under management across 163,121 accounts, of which 160,232 are discretionary and 2,889 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations, with retail investors being the largest client type by accounts. The fee structure at Parametric Portfolio Associates includes asset-based, fixed, and performance-based fees. The firm has 50,213 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, a trust company, and a commodity pool advisor.

    Parametric Portfolio Associates is registered in the states of Alabama, Alaska, Arkansas, California, Delaware, District of Columbia, Arizona, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $475.1 billion

    Number of Advisors

    191

    Disclosures

    No

    Office Location

    800 Fifth Avenue
    Seattle, WA 98104

    Parametric Portfolio Associates by the Numbers

    Total Assets Under Management

    $475.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    877

    National Average: 64
    Total Number of Accounts

    163,121

    National Average: 375,227
    Average Account Size

    $2.9 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management usually vary depending on the financial services offered. Fees billed by Parametric Portfolio Associates most likely include some blend of the following fee types: asset-based, fixed, or performance-based. The firm participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The company manages money for a broad range of investors. The company caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. Out of its 9 clients, Parametric Portfolio Associates's largest client type by number of accounts is high net worth investors, though it also caters to 50213 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 30.78%
    • Other Individuals - 64.51%
    • Corporations - 3.82%
    • Charitable Organizations - 0.88%

    * 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

    Parametric Portfolio Associates does not have any disclosures.

    Please visit its Form ADV for more details.

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