{"url":"https://nivawealth.com/firms/parametric-portfolio-associates-114310","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/114310","regulatoryAum":684777137029,"crd":"114310","secFileNumber":"801-60485","legalName":"Parametric Portfolio Associates LLC","displayName":"Parametric Portfolio Associates","website":"https://www.parametricportfolio.com/","linkedinUrl":"https://www.linkedin.com/company/parametric","founded":"1987","organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"800 Fifth Avenue, Suite 2800","city":"Seattle","state":"WA","stateName":"Washington","country":"United States","postalCode":"98104"},"tradeNames":["Parametric","Parametric Portfolio Associates"],"registration":{"secApproved":"17 August 2001","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":1109,"advisory":213,"brokerDealerReps":59,"insuranceAgents":0,"promoters":20},"aum":{"discretionary":643886790286,"discretionaryAccounts":238603,"nonDiscretionary":40890346743,"nonDiscretionaryAccounts":1677,"wrapProgram":213554548121,"nonUsClientsPct":1,"nonAumClients":19},"clientTypes":[{"label":"Individuals (other than HNW)","clients":151182,"regulatoryAum":64935426896},{"label":"High-net-worth individuals","clients":78745,"regulatoryAum":318516294039},{"label":"Investment companies","clients":97,"regulatoryAum":37383547091},{"label":"Pooled investment vehicles","clients":114,"regulatoryAum":14401826142},{"label":"Pension and profit-sharing plans","clients":559,"regulatoryAum":107893402816},{"label":"Charitable organizations","clients":1755,"regulatoryAum":74304795339},{"label":"State or municipal government entities","clients":19,"regulatoryAum":1401484493},{"label":"Insurance companies","clients":93,"regulatoryAum":508588604},{"label":"Sovereign wealth funds and foreign official institutions","clients":1,"regulatoryAum":1454101},{"label":"Corporations and other businesses","clients":7725,"regulatoryAum":65430317508}],"fees":[],"feeNotes":[],"custodians":[{"name":"Bank of New York Mellon","shortName":"Bank of New York Mellon","location":"New York, NY","smaAssets":95069700569},{"name":"Morgan Stanley Smith Barney LLC","shortName":"Morgan Stanley","location":"Purchase, NY","smaAssets":113175196061}],"custodyNote":"Parametric Portfolio Associates has custody of $9.27B for 8 clients.","otherCustodians":[],"leadership":[{"name":"Ranjit Kapila","title":"Co-President, Chief Technology Officer and Head of Operations","crd":"7148914"},{"name":"Thomas Lee","title":"Co-President, Chief Investment Officer","crd":"2686076"},{"name":"Cindy Kim","title":"Chief Compliance Officer","crd":"3105341"},{"name":"Melissa Fell","title":"Chief Administrative Officer","crd":"7418114"},{"name":"Benjamin Hammes","title":"Head of Derivatives Advisory Compliance","crd":"2973966"}],"ownership":[{"label":"Morgan Stanley Capital Management, LLC","detail":"Morgan stanley capital management, llc is the sole member of parametric portfolio associates in the 75% or more ownership band and a control person, since November 2024."},{"label":"Morgan Stanley","detail":"Indirect owner: a morgan stanley wholly owns morgan stanley capital management llc of Morgan Stanley Capital Management, LLC in the 75% or more band and a control person, since March 2021.","parent":"Morgan Stanley Capital Management, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":5,"privateResidences":0},"listedOfficeAddresses":6,"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"518 Riverside Avenue","city":"Westport"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"6655 Town Square","city":"Alpharetta"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"One Post Office Square","city":"Boston"}]},{"state":"Minnesota","offices":1,"addresses":[{"street":"3600 Minnesota Drive","city":"Minneapolis"}]},{"state":"New York","offices":1,"addresses":[{"street":"100 Park Avenue","city":"New York"}]},{"state":"Washington","offices":1,"addresses":[{"street":"800 Fifth Avenue, Suite 2800","city":"Seattle","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"206-694-5500","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":61},{"label":"U.S. government/agency bonds","percent":6},{"label":"U.S. state and local bonds","percent":10},{"label":"Investment grade corporate bonds","percent":3},{"label":"Derivatives","percent":19},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":12},"sources":{"adv1FilingDate":"21 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/114310/PDF/114310.pdf","brochureDate":"21 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1042224","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"logo":{"src":"/firms/parametric-portfolio-associates-114310.webp","width":1214,"height":200,"tone":"light","sourceLabel":"Parametric Portfolio Associates, website","sourceUrl":"https://www.parametricportfolio.com/"},"otherBusiness":[],"faq":[{"question":"How many clients does Parametric Portfolio Associates have?","answer":"Parametric Portfolio Associates has 240,290 clients and manages $684.8 billion for them, as of April 2026. They include 151,182 other individuals, 78,745 high-net-worth individuals and 7,725 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 21 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Parametric Portfolio Associates offer?","answer":"Parametric Portfolio Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Parametric Portfolio Associates use?","answer":"Parametric Portfolio Associates’ separately managed account assets are held at Morgan Stanley Smith Barney LLC (Purchase, NY), with $113,175,196,061 and Bank of New York Mellon (New York, NY), with $95,069,700,569. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Parametric Portfolio Associates have?","answer":"Parametric Portfolio Associates has 6 investment adviser representatives registered with state securities authorities, out of 1,109 employees, and 213 perform investment advisory functions. 59 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Parametric Portfolio Associates invest in?","answer":"At the end of its last fiscal year, Parametric Portfolio Associates’ separately managed accounts held 61% exchange-traded equities, 19% derivatives, 10% state and local bonds, 6% U.S. government and agency bonds, 3% investment grade corporate bonds and 1% cash and equivalents. It advises 12 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Parametric Portfolio Associates?","answer":"Parametric Portfolio Associates is owned through a holding company by Morgan Stanley. Its direct owner is Morgan Stanley Capital Management, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 21 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Parametric Portfolio Associates get paid?","answer":"Parametric Portfolio Associates is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}