Registered Investment Advisor

Qualifications

The successful RIA candidate will have the following qualifications:

  • AUM range: $50 million - $500 million
  • Fee-only pricing structure
  • Clients: individuals, families and trusts; investable assets: $500k - $20m
  • CPA, JD or CFP (dual credentials preferred)
  • 5+ years financial planning experience with HNW clients
  • Previous comprehensive, fee-based planning experience
  • Demonstrated level of technical expertise on estate, tax and wealth planning issues
  • Effective presentation, listening, writing and communication skills

Salary and Benefits

Our Registered Investment Advisor can expect a competitive compensation package including:

  • 50% payout
  • Parallel Advisors equity and profit sharing
  • Covered overhead costs include: research, operations support, software licensing, technology, travel, and client swag and events
  • Benefits include: health care, dental, vision and 401k plans
  • Opportunity for support of accreditation and continuing education requirements and other professional development

Company: Technology Platform

  • Parallel utilizes a web-based CRM tool for seamless contact management
  • Financial planning is done via web-based planning software with integrated data from multiple custodians
  • Our web-based performance reporting application reconciles portfolios daily for on-demand customizable reports

Company: Culture

  • Innovative: Parallel is empowered by the best available research, intellectual capital, and technology in our industry
  • Disciplined: Unrestricted and comprehensive asset allocation solutions are offered based on financial planning and risk tolerance
  • Independent: Parallel is 100% employee-owned and is predominantly fee-only

Company: Philosophy

  • Planning-Based: In-depth, comprehensive financial planning is the cornerstone of our service; aligning strategies with a client’s CPA, attorney, etc. is in the client’s best interest; plans are updated regularly, which creates the foundation for trusting relationships with our clients.
  • Asset Allocation: Parallel provides open-architecture investment solutions; access to virtually any investment on any platform. We align ourselves with top-tier investment strategy partners and consultants to provide our clients with innovative asset allocation models, analytics and timely research. Top tier custodial platforms provide transparency and service.
  • Service-Oriented: Account performance is reviewed on a quarterly basis. Industry-leading reporting provides transparent returns relative to appropriate benchmarks for each asset class. We can report on assets held with hundreds of custodians enabling clients to view one report detailing every investment they hold. Reports are easy to read and clearly show relative performance net of fees.
  • Values: Strong fiduciary and partner mindset; collaboration and professional growth

Parallel Advisors is a fast-growing, innovative and informed independent advisor firm led by disciplined, technology-savvy Principals with a sharp business focus. Our team is currently comprised of 43 members with offices in San Francisco, CA, Denver, CO, Honolulu, HI, and Dayton, OH. We are interested in adding strategic partners in these offices and around the country.

Parallel is seeking individuals and firms with a strong fiduciary mindset, an entrepreneurial spirit, and the desire to create a top tier investment management firm. Their practice and service model must be client-centric, disciplined, and prepared to grow on an innovative and scalable platform.

Operations Associate – Client Service

Responsibilities:

  • Optimize the client experience as it relates to operations and service in order to drive high satisfaction, quality, and efficiency for both the client and Parallel.
  • Manage all aspects of our clients’ operational needs within the timeframes committed to by Parallel and within the deadlines established by our custodians.
  • Serve as a resource to multiple financial advisors in supporting client relationships.
  • Lead or participate in cross-functional group projects to improve quality and efficiency within the teams.

Qualifications:

  • Operational knowledge in four key areas: new accounts, cashiering, transfer of accounts, and account maintenance. Two to five years of experience desired.
  • Strong organizational, analytical, communication, and interpersonal skills.
  • Ability to work effectively in a fast-paced and deadline-oriented environment.
  • Capability to manage multiple demands and competing priorities.
  • Excellent written and verbal communication skills.
  • Broker/Dealer platform experience a plus.

Salary and Benefits:

The Operations Associate can expect a competitive compensation package including:

  • Salary based upon experience.
  • Opportunity for a discretionary, semi-annual incentive award.
  • Benefits including health care, dental, vision, and 401k plans.
  • Opportunity for support of professional accreditation and continuing education requirements and other professional development.

Company: Parallel Advisors, LLC

  • Parallel Advisors is a fast-growing, independent, Registered Investment Advisory firm. We are headquartered in San Francisco CA and have offices in Honolulu HI, Dayton OH, and Denver CO.
  • To enhance our clients’ futures, we seek to know where they are today and where they want to be tomorrow. That means understanding not only their assets, such as concentrated stock holdings, real estate, and earning potential but also their aspirations, including all of their future financial goals.
  • With this information in-hand, we chart, assess, and evaluate different scenarios based upon their unique objectives, risk tolerances, and time horizons. From this insight, we build a financial framework from which all our recommendations – including savings directives, insurance requirements, and investment strategies – flow. This framework provides a repeatable, measureable way to make objective decisions as to how to allocate their assets now and into their future.
  • We offer our clients an open array of investment solutions, fee-based, and independent of any proprietary platforms.
  • At Parallel, we combine the best advisors and industry-leading technology in collaborative partnership to offer our clients an extraordinary experience.
  • Parallel Advisors, LLC is an Equal Opportunity Employer.

 

The Operations Associate will be joining a fast-growing Registered Investment Advisor firm with a culture of entrepreneurship, education, and collaboration. The Associate will assist in the implementation of new client accounts and the ongoing servicing of existing clients. As a member of the operations team, the Associate will work closely with our financial advisors, clients, vendors, and custodian support teams.