Parnassus Investments, LLC

RIASEC RegisteredEst. 2021

Total AUM

$41.1B

Discretionary

$41.1B

100% of AUM

Avg account

$1.4B

Accounts

Employees

Advisory reps

Firm details

Headquarters: San Francisco, California
CRD number: 316904
Registered since: November 8, 2021
Custodians: THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, BNP PARIBAS SECURITIES CORP., FIDELITY DISTRIBUTORS COMPANY LLC, CAISSE DES DEPOTS ET CONSIGNATIONS
Fee structure: Percentage of AUM
Client types: Investment Companies83.05%
Pooled Investment Vehicles8.22%
Pension & Profit Sharing Plans5.54%
Sovereign Wealth Funds1.05%
Charitable Organizations0.87%
Services: Portfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Parnassus Investments, LLC is a privately organized investment adviser formed as an LLC and registered with the SEC in 2021. The firm serves both individual and family clients as well as institutional investors, charging advisory fees based on a percentage of assets under management. Its stated advisory capacities include managing portfolios for registered investment companies, pooled investment vehicles and for businesses or institutional clients. The firm is not identified as an active ESG investor in the provided data. Parnassus maintains several industry roles beyond pure advisory work, including affiliations with broker-dealers, other investment advisers, commodity pool operator/commodity trading advisor activities, and participation as a sponsor or general partner of pooled vehicles.