Parnassus Investments is a large advisory firm based in San Francisco. It manages $23.64 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.
Parnassus Investments provides portfolio management for investment companies, 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 Parnassus Investments is $23.64 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 5249% since the beginning of its operation, and $813.92 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Parnassus Investments for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Thao Nguyen Dodson is investment companies with 5 clients and $22.3 billion of assets under management. Among the 8 most similar advisory firms, Parnassus Investments has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $22.84 billion for 8 clients. 17% of the firm’s clients are foreign persons or businesses.
Parnassus Investments doesn't advise any private funds.
The company employs 51 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Thao Nguyen Dodson has been acting as President since 1 Jun 1984. Benjamin Elliot Allen joined the executive team most recently as the Vice President And Director.
The principal office where Parnassus Investments performs its advisory services is located at 1 Market Street, Suite 1600, San Francisco, CA 94105, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-778-0200 or by fax 415-778-0229. The normal business hours are 8:30am - 5:00pm pt on Monday - Friday. You can find more information about the New York firm at parnassus.com.