Changing
the value
proposition
of the back
office
Our Culture
We are
The premier trusted partner for asset managers and their funds, innovating with technology and serving with compassion.
Our Values
Compassion
in thought and action
Service
to each other, to clients and to others
Technology
this is how we change everything
Courage
to do what hasn't been done
Technology
Our Technology
Paralel has built a cutting-edge, cloud-native tech infrastructure that doesn’t just manage data - it unleashes its potential.
We use our platform to build proprietary applications and integrations that allow us to reimagine how work is done.
Our Services
Our Services
We are a full-service administrator, distributor and transfer agent.
Fund Accounting
Paralel fund accounting utilizes sophisticated, modern technology to provide timely services in a tightly controlled environment taking advantage of systemic controls, exception-based processing and reconciliations. Our services include:
- Daily or periodic NAV calculation
- NAV performance calculation
- Record keeping and retention
- Reporting and NAV dissemination
Fund Administration
Our dedicated team offers a comprehensive set of Fund Administration, Treasury Oversight and Audit Management services through a state-of-the-art technology platform including:
- Financial reporting
- Regulatory reporting, including preparation, review and filing
- Audit coordination and support
- Expense management, including preparation of payments, expense accruals and budget
- Board report preparation
- Relationship management
- Vendor oversight
Legal Administration
Our legal team provides a range of comprehensive and tailored legal services to registered funds, leveraging our extensive experience in handling both routine and complex legal administration matters using a service-first approach. Our services include:
- End-to-end management of all aspects of the board meeting process
- Preparation and coordination of regulatory filings and notices
- Management of registration statement filings in coordination with fund legal counsel
- Administration of securities exchange requirements
- Operational support across a range of legal and contractual matters
Tax Administration
Offering a customizable suite of tax services, such as:
- Testing for IRS regulatory requirements
- Tax support for SEC filling requirements
- Coordination and support for tax audits
- Computation for fiscal and excise distribution requirements
- Determination of year-end shareholder tax designation
Transfer Agent Services
Our dedicated team provides SOC-1 Audited, shareholder, intermediary and back-office support. Employing the latest technology, deploying a comprehensive offering of services using flexible, scalable cloud native architecture, including:
- Services for Mutual Funds, Interval Funds
- Shareholder servicing through our call center and client branded online services
- Flexible shareholder output services that include the delivery of tax forms, statements, transaction confirmations and regulatory documents
- Blue Sky registration and state sales reporting
- Intermediary back office support for NSCC, commission and 12b-1 payments
Fund CCO Services
Paralel's Fund CCO Services provide expert compliance management, ensuring seamless navigation of regulatory complexities and empowering funds to thrive with confidence. Our services include:
- Providing an experienced and qualified Fund CCO
- Customized compliance program tailored to your specific profile
- Proactive policies and procedural updates resulting from changes in regulations
- Service provider due diligence and ongoing oversight
- Ongoing compliance monitoring and testing
- Comprehensive quarterly and annual 38a-1 fund board reporting
- Regulatory exam support and communications
Distribution Services
Paralel serves as your partner and guide in all aspects and complexities of the regulatory distribution environment to support efficient execution of your funds' distribution strategies.
- Principal underwriter and distributor for any registered funds
- Registered representative licensing, administration and supervision
- Review, approve, and FINRA file fund marketing materials via Paralel's proprietary system
- Intermediary relations
- ETF Distribution Services
- Distributor for closed-end fund ATM offerings
Series Trust Solutions
Paralel offers asset managers a series trust solution in Elevation Series Trust, designed to streamline the launch and management of registered funds. Elevation Series Trust’s shared trust structure reduces operational complexities and costs. By partnering with us, investment managers benefit from:
- Speed to market - Eliminates the need to create your trust structure and decreases the time to fund launch
- Experienced Professionals – Qualified trustees and officers provide exemplary oversight, thought leadership and innovative insights
- Cost Effective – Economies of scale across funds reduces several organizational and operating costs
- Best-in-Class Partners - Industry leading group of strategic partners to navigate every step of the fund journey
- Enhanced distribution channels through access to trust-level selling agreements
Leadership
Leadership
Our leadership team averages more than 20 years of financial services experience.
Jeremy May
Founder & CEO
Nick Austin
Senior Controller
Alyssa Campbell
Head of People and Culture
Aaron Gregg
Director, Transfer Agency
Yelena Kalmykov
Director of Tax
Jill Kerschen
Director, Fund Administration
Scott McVicker
Data Strategy
Chris Moore
General Counsel & CCO
Daniel Sen
Senior Investment Analyst
Bradley Swenson
President of Paralel Distributors
Huong Totten
Chief Product Officer
Aaron Varnum
Director, Fund Accounting
Jonathan Vickery
Chief Technology Officer