Parametric Portfolio Associates
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Overview
Parametric Portfolio Associates operates as an advisory firm based in Seattle, Washington. It oversees $386.3 billion in total assets across 132,036 customer accounts, placing it among the largest financial advisory firms in the nation by assets under management (AUM). Parametric Portfolio Associates has a large group, including 192 financial advisors. Parametric Portfolio Associates is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like stocks, options and bonds.
Parametric Portfolio Associates administers 128,973 of its client assets on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell choices without requiring client authorization. It also has 3,063 non-discretionary accounts with a total of $32.2 billion in assets. Parametric Portfolio Associates supervises about $2.9 million in assets for each customer account. The average financial advisor at Parametric Portfolio Associates manages about 688 client accounts.
The company's central office is at 800 Fifth Avenue, Seattle, Washington 98104. The company is legally allowed to provide services to clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Parametric Portfolio Associates by the Numbers
$386.3 billion
836
132,036
$2.9 million
Fee Structure
A financial advisor's fees largely depend on which services the firm provides the client. Fees charged by Parametric Portfolio Associates most likely include the following fee structures: asset-based, fixed or performance-based. The firm participates in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Parametric Portfolio Associates works with a broad range of customers. The firm works with 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 132,036 customers, Parametric Portfolio Associates's biggest client by number of accounts is retail investors, although it also serves 38,867 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM 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). Just 1% of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 29.44%
- Other Individuals - 65.72%
- Corporations - 3.83%
- Charitable Organizations - 1.01%
* 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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