Parthenon provides portfolio management for individuals and small businesses and portfolio management for institutions. The firm advises 1 private fund.
Parthenon reports 243 clients. They include 219 high-net-worth individuals, 10 charitable organizations, and 9 corporations and other businesses. Of its assets, 98.7% ($1.2B across 450 accounts) are managed with discretion; $15.9M across 11 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 90% | 88% |
| Pooled investment vehicles | <1% | 1% |
| Pension and profit-sharing plans | 2% | 2% |
| Charitable organizations | 4% | 3% |
| Corporations and other businesses | 4% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 219 | $1.07B | 88.2% | $4.9M |
| Pooled investment vehicles | 1 | $17.8M | 1.5% | $17.8M |
| Pension and profit-sharing plans | 4 | $18.9M | 1.5% | $4.72M |
| Charitable organizations | 10 | $40.7M | 3.3% | $4.07M |
| Corporations and other businesses | 9 | $66.9M | 5.5% | $7.43M |
| Total | 243 | $1.22B | 100% | $5.01M |
- Clients
- 219
- Regulatory AUM
- $1.07B
- AUM share
- 88.2%
- Avg. per client
- $4.9M
- Clients
- 1
- Regulatory AUM
- $17.8M
- AUM share
- 1.5%
- Avg. per client
- $17.8M
- Clients
- 4
- Regulatory AUM
- $18.9M
- AUM share
- 1.5%
- Avg. per client
- $4.72M
- Clients
- 10
- Regulatory AUM
- $40.7M
- AUM share
- 3.3%
- Avg. per client
- $4.07M
- Clients
- 9
- Regulatory AUM
- $66.9M
- AUM share
- 5.5%
- Avg. per client
- $7.43M
Total
- Clients
- 243
- Regulatory AUM
- $1.22B
- AUM share
- 100%
- Avg. per client
- $5.01M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
Parthenon charges 0.50%–1.00% for its Portfolio management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $10,000 annual minimum.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$2M | 1.00% |
| $2M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Thomas Corea owns 25% to 50% of Parthenon. Thomas Corea is CEO; the leadership team includes President Matthew Carper, Chief Financial Officer Tony Coffey and Chief Compliance Officer Todd Lowe. It has 7 employees, 5 of them in advisory roles.
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 25% to 50% of Parthenon LLC
Thomas Corea
Control person · since March 1999
- Owns 10% to 25% of Parthenon LLC
Todd Lowe
Control person · since December 1998
- Owns 10% to 25% of Parthenon LLC
John Barr
Control person · since March 1999
- Owns 10% to 25% of Parthenon LLC
Tony Coffey
Control person · since March 1999
Parthenon’s regulatory assets grew from $858M (February 2021) to $1.22B (January 2026); clients rose from 231 to 243 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jan 2026January 2026 | $1.22B | 243 | 7 | 1 |
| Jan 2025January 2025 | $1.12B | 244 | 7 | 1 |
| Jan 2024January 2024 | $994M | 238 | 7 | 1 |
| Jan 2023January 2023 | $860M | 235 | 7 | 1 |
| Feb 2022February 2022 | $1B | 235 | 7 | 1 |
| Feb 2021February 2021 | $858M | 231 | 7 | 1 |
Besides its headquarters, Parthenon has 0 offices, with 1 listed address in 1 state.
Kentucky · 1 listed address
- 435 N. Whittington Parkway, Suite 180, LouisvilleHQ
Contact and registration details
- Legal name
- Parthenon LLC
- Headquarters
- 435 N. Whittington Parkway, Suite 180, Louisville, KY 40222
- Website
- parthenonllc.com
- Phone
- 502-327-5660
- SEC file
- 801-56440
- Founded
- 1999
- Structure
- Kentucky LLC
- Fiscal year end
- December
Parthenon’s named custodian for separately managed accounts is Charles Schwab ($964M). Parthenon has custody of $46.5M for 15 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $964M100%
At year end, Parthenon’s separately managed accounts were mostly in stocks (76%) and bonds (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $962M across 133 positions; the largest are Microsoft Corp. (8.8%), Berkshire Hathaway Inc. Del (7.1%) and Corning Inc. (6.1%).
What the accounts hold
- Stocks76%
- Bonds19%
- State and local bonds11%
- U.S. government and agency bonds4%
- Investment grade corporate bonds4%
- Cash5%
How many clients does Parthenon have?
Parthenon has 243 clients and manages $1.22 billion for them, as of January 2026. They include 219 high-net-worth individuals, 10 charitable organizations, and 9 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 January 2026
What services does Parthenon offer?
Parthenon provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Parthenon charge?
Parthenon charges 0.50%–1.00% for its Portfolio management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $10,000 annual minimum.
Which custodians does Parthenon use?
Parthenon’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $964M. 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 January 2026
How many financial advisors does Parthenon have?
Parthenon has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Parthenon invest in?
At the end of its last fiscal year, Parthenon’s separately managed accounts held 76% exchange-traded equities, 11% state and local bonds, 5% cash and equivalents, 4% U.S. government and agency bonds and 4% investment grade corporate bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Parthenon?
Parthenon’s direct owners are Todd Lowe, Thomas Corea, John Barr and Tony Coffey, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 21 January 2026
How does Parthenon get paid?
Parthenon is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Parthenon?
Parthenon’s main office is at 435 N. Whittington Parkway, Suite 180, Louisville, KY 40222. Its phone number is 502-327-5660. Its website is parthenonllc.com.