Paracle Advisors LLC (Mercer Island)

Name: Paracle Advisors LLC
Address: 7900 Se 28 Th Street, Suite 204, Mercer Island, WA, 98040
Telephone: 206-466-6200

Paracle Advisors LLC is a large advisory firm based in Mercer Island. It manages $905.66 million of regulatory assets for 1,445 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Idaho, Texas, and Washington.

Paracle Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Paracle Advisors: assets under management

The assets under management (AUM) of Paracle Advisors LLC is $905.66 million. The firm's AUM has grown by 1194% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $897.47 million in discretionary accounts and $8.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $629.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $409.16 thousand.

Paracle Advisors has custody of $180.86 million in cash and securities for 240 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is other assets, which make up 40% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Paracle Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paracle Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Paracle Advisors is high net worth individuals with 250 clients and $830.63 million of assets under management. Among the 6 most similar advisory firms, Paracle Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $905.66 million for 347 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Paracle Advisors doesn't advise any private funds.

Careers at Paracle Advisors LLC

The company employs 17 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 13 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
Joshua E Harris	Principal	1 Feb 2004	25% - 50%	4555347
Elliott Joseph Brink	Principal	1 Feb 2004	25% - 50%	2327301
Anne Marie L Kessler	Principal	1 Feb 2004	25% - 50%	4555350
Duane Michael Duim	Chief compliance officer	1 Jun 2012	Other	3144110

Based in Mercer Island

The principal office where Paracle Advisors LLC performs its advisory services is located at 7900 Se 28 Th Street, Suite 204, Mercer Island, WA 98040 The mailing address of the firm is 7900 Se 28 Th Street, Suite 204, Mercer Island, WA 98040. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206-466-6200 or by fax 888-855-4887. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at paracle.com/.