Transaction Details

Republic Capital Group served as the exclusive advisor to Parallel Advisors, LLC in its minority investment from Emigrant Partners. Founded in 2006, Parallel is a San Francisco-based wealth management firm managing approximately $3 billion in assets under management, with additional offices in Dayton, Denver, Honolulu, and Oklahoma City. The firm provides long-term financial planning, investment portfolio management, retirement lifestyle solutions, and tax and estate consulting for high-net-worth individuals, families, and pension and profit-sharing plans.

Emigrant Partners, a subsidiary of New York Private Bank & Trust (NYPB&T) — the largest privately-held, family-owned bank in America — provides its partner firms with long-term, stable capital and access to NYPB&T’s extensive network of resources, while allowing management teams to retain full control over their strategy and investment decisions.