Parallel Wealth Management
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$42,165,876
This total excludes 6 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
53
21% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
53
HighAverage account size
$795,583
About
Parallel Wealth Management is a state-registered independent investment adviser that provides discretionary investment management and comprehensive financial planning to individual and high-net-worth clients, managing roughly $43.4 million across about 53 client relationships. Like many independent advisers, the firm charges percentage-of-assets-under-management fees and constructs portfolios tailored to client objectives.
The firm employs both passive and active management and uses a mix of fundamental, technical, cyclical and charting analysis to develop client-specific investment policies and asset allocation targets. Clients receive ongoing portfolio supervision plus written financial plans and implementation support that cover retirement, estate, tax, employee benefits and business-planning topics.
What is less common for a firm of this scale is that Parallel Wealth advises pension or profit-sharing plan clients and offers educational seminars or workshops as part of its services. The principal’s Enrolled Agent credential, ownership of Parallel Tax LLC, and the firm’s disclosure that it advises on banking assets in excess of $14 million (which it does not bill on) indicate an atypical overlap of tax, banking and fiduciary planning capabilities.
Client services
Financial planning
Portfolio management
Expertise
Business ownership considerations
Business exit / sale strategy
Cash flow / budgeting
College savings (529s, UTMA, etc.)
General estate planning guidance
Demographic focus
Approaching retirement
Retired
Fee options
Fixed fee for financial planning ranging from $3,500 to $25,000 depending on complexity.
$1 - $500,000: 1.50% $500,001 - $1,000,000: 1.30% $1,000,001 - $2,000,000: 1.10% $2,000,001 - $5,000,000: 0.85% $5,000,001 - $9,999,999: 0.65% $10,000,000+: 0.25%
$450 per hour for financial planning with a 10-hour minimum.
Fee-only: Financial Planning hourly fee: $450 per hour with 10-hour minimum ($4,500 minimum). Financial Planning fixed fee range: $3,500 to $25,000 depending on complexity.
Main office location
Parallel Wealth Management
1147 Hilltop Drive
Redding CA 96003, United States
Number of offices
2
Most active in
Parallel Wealth Management has reported serving >5 clients in these states in the last 12 months.
California
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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