Parallax Volatility Advisers, L.P. (San Francisco)

Name: Parallax Volatility Advisers, L.P.
Address: 88 Kearny Street, San Francisco, CA, 94108
Telephone: 415-445-6646

Parallax Volatility Advisers, L.P. is a large advisory firm based in San Francisco. It manages $13.54 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of California.

Parallax Volatility Advisers provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Parallax Volatility Advisers: assets under management

The assets under management (AUM) of Parallax Volatility Advisers, L.P. is $13.54 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 201% since the beginning of its operation, and $8.38 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $13.54 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.26 billion each.

Parallax Volatility Advisers has custody of $13.54 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Parallax Volatility Advisers, L.P. 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.

What kind of clients Parallax Volatility Advisers serves?

The only and largest group of clients of Parallax Volatility Advisers is pooled investment vehicles with 6 clients and $13.54 billion of assets under management. Among the 8 most similar advisory firms, Parallax Volatility Advisers has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $13.54 billion for 6 clients. 67% of the firm’s clients are foreign persons or businesses.

Parallax Volatility Advisers also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Parallax Volatility Advisers, L.P.

The company employs 59 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Frederick Bartlett	Manager, chief executive officer, member	1 May 1996	25% - 50%	2708510
Jill Caroline Armstrong	Chief operating officer, chief compliance officer, member	1 Sep 2000	Other	4958230
Stephen Daniel Hutchison	Manager, principal portfolio manager, member	1 Aug 2003	25% - 50%	4956763
Llc Rmlow Enterprises	Member	1 Jan 2012	Other	27-4506228
Llc Parallax Volatility Advisers Gp	General partner	1 Oct 2014	Other	47-1819910
Easton Keith Chen	Chief compliance officer	1 Jan 2018	Other	6896859

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Roger Morton Low	Manager, owner	1 Jan 2012	75% - 100%	865342
William Frederick Bartlett	Manager, member	1 Sep 2014	25% - 50%	2708510
Stephen Daniel Hutchison	Manager, member	1 Sep 2014	25% - 50%	4956763
Jill Caroline Armstrong	Manager, member	1 Nov 2016	Other	4958230

Based in San Francisco

The principal office where Parallax Volatility Advisers, L.P. performs its advisory services is located at 88 Kearny Street, San Francisco, CA 94108, 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 415-445-6646 or by fax 415-738-7806. The normal business hours are 7 am - 3 pm on Monday - Friday. You can find more information about the New York firm at parallaxfund.com/.