SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Parnassus Investments, LLC
San Francisco, CA
CRD 316904
Firm filing updated September 15, 2026 ·
- $41.1BAssets
- 30Clients
- 28Advisory staff
- 30Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Pension and profit sharing plans9
- Investment companies8
- Charities6
- Pooled vehicles3
- High net worth individuals1
- and 3 more3
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| High net worth individuals | 1 | $239.7 million |
| Investment companies | 8 | $34.1 billion |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $3.4 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 9 | $2.3 billion |
| Charitable organizations | 6 | $357.6 million |
| State or municipal government entities (including government pension plans) | 1 | $266.6 million |
| Sovereign wealth funds and foreign official institutions | 1 | $431.0 million |
| Corporations or other businesses not listed above | 1 | $16.2 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Assets and accounts
- Regulatory assets$41.1 billion
- Accounts30
- DiscretionaryAll accounts
People
- Employees87
- Advisory staff28
- Broker-dealer reps17
- Licensed insurance agents0
Advisors
4 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 316904, SEC file 801-122618.
- Registered with the SEC as an investment advisor (status date on record: November 8, 2021).
Is Parnassus Investments, LLC a fiduciary?
Short answer: Parnassus Investments, LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 17 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.