Parallel Resource Partners, LLC is a large advisory firm based in Dallas. It manages $223.56 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.
Parallel Resource Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Parallel Resource Partners, LLC is $223.56 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -68% since the beginning of its operation, and $76.59 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Parallel Resource Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Parallel Resource Partners is pooled investment vehicles with 6 clients and $223.56 million of assets under management. Among the 9 most similar advisory firms, Parallel Resource Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $223.56 million for 6 clients. 50% of the firm’s clients are foreign persons or businesses.
Parallel Resource Partners also advises several private funds. Namely, five private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The principal office where Parallel Resource Partners, LLC performs its advisory services is located at 200 Crescent Court, Dallas, TX 75201, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 2148552260 or by fax 713-238-9501. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at parallelresourcepartners.com.