Parallel Advisors, LLC

Parallel Advisors, LLC provides discretionary, fee‑only investment advisory services to a mix of individuals (including high‑net‑worth clients), businesses, retirement plans, trusts, estates and charitable organizations. In addition to portfolio management and financial planning, the firm offers retirement plan consulting with both ERISA 3(21) and 3(38) options, stand‑alone tax preparation, and advice on private investment funds.

The firm implements diversified model portfolios and allocates among mutual funds, exchange‑traded funds, fixed income and unaffiliated independent managers, and may use options strategies such as covered calls where appropriate. Parallel also uses DFA funds (which have purchase restrictions outside adviser relationships), may utilize interval and private funds, and employs technology platforms like Pontera for “held‑away” account management and ByAllAccounts/eMoney/Plaid for aggregated reporting; it discloses limited use of AI tools governed by an internal AI policy.

Noteworthy aspects disclosed in the brochure include an affiliated trust company (Parallel Trust Company of California) through which fiduciary trustee services may be recommended, and participation in Fidelity’s Wealth Advisor Solutions referral program and related custodian support arrangements, each of which the firm identifies as creating potential conflicts of interest. The firm also states a conservative stance on cryptocurrencies (no discretionary crypto purchases), and highlights liquidity and valuation considerations for private and interval fund investments that clients should evaluate.