Parnassus Investments (San Francisco)

Name: Parnassus Investments
Address: 1 Market Street, Suite 1600, San Francisco, CA, 94105
Telephone: 415-778-0200

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.

Parnassus Investments: assets under management

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 firm manages $23.64 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.97 billion each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

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.

What kind of clients Thao Nguyen Dodson serves?

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.

Careers at Parnassus Investments

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jerome Leo Dodson	President, director and owner	1 Jun 1984	25% - 50%	1124344
Thao Nguyen Dodson	Director	1 Jun 1984	Other	1469251
Jerome And Thao Dodson Living Trust Dated April 1 1998 Thao Dodson Trustee	Owner	1 Apr 1998	25% - 50%	xxx-xx-xxxx
Jerome And Thao Dodson Living Trust Dated April 1 1998 Jerome Dodson Trustee	Owner	1 Apr 1998	25% - 50%	xxx-xx-xxxx
Susan Loughridge	Vice president	1 Feb 1999	Other	2347500
Bryant Edward Cherry	Vice president	1 Apr 2000	Other	2748989
Todd Christopher Ahlsten	Vice president, director and owner	1 Aug 2000	Other	2883432
Stephen Jerome Dodson	Director and cco	1 Nov 2003	Other	xxx-xx-xxxx
William Charles Fraser	Chief compliance officer	1 Nov 2004	Other	xxx-xx-xxxx
Debra Ann Early	Vice president cfo	1 Dec 2004	Other	4895449
Marc Carl Mahon	Chief financial officer and director	1 Dec 2007	Other	4829506
John V Skidmore	Chief compliance officer	1 Feb 2008	Other	2662312
John Vanus Skidmore	Chief compliance officer	1 Feb 2008	Other	2662312
Benjamin Elliot Allen	Vice president and director	1 Dec 2008	Other	3260152
Jerome And Thao Dodson 2008 Gst Exempt Trust Fbo Katrina Dodson Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6664380
Jerome And Thao Dodson 2008 Gst Non Exempt Trust Fbo Katrina Dodson Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6664448
Jerome And Thao Dodson 2008 Gst Exempt Trust Fbo Minh Ho Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6665401
Jerome And Thao Dodson 2008 Gst Non Exempt Trust Fbo Minh Ho Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6665411
Jerome And Thao Dodson 2008 Gst Exempt Trust Fbo Stephen Dodson Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6665285
Jerome And Thao Dodson 2008 Gst Non Exempt Trust Fbo Stephen Dodson Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6665329
Jerome And Thao Dodson 2008 Gst Exempt Trust Fbo Tran Ho Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6665355
Jerome And Thao Dodson 2008 Gst Non Exempt Trust Fbo Tran Ho Jerome Dodson Trustee	Owner	1 Dec 2008	Other	26-6665376

Based in San Francisco

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.