# 49th Parallel Wealth Management

49th Parallel Wealth Management is an Asset Manager based in Scottsdale, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Scottsdale, Canada
- **Region:** North America
- **Address:** Vancouver, BC, Canada
- **Assets under management:** Undisclosed
- **Website:** 49thparallelwealth.com
- **LinkedIn:** https://www.linkedin.com/company/lucas-wennersten-cfa-cfp%c2%ae-canada-cfp%c2%ae-u-s-a-5aa48147

## Regulatory record

- **CRD number:** 332829
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/332829

## About

49TH PARALLEL WEALTH MANAGEMENT is a state-registered investment adviser in SCOTTSDALE, AZ. The firm manages approximately $9 million in regulatory assets. It has 2 employees and 1 investment adviser.

## Sectors

- Real Estate
- Private Credit
- Private Equity

## People

- Daryl Brown — Chief Executive Officer

## Questions

### How does 49th Parallel source its deals?

The firm sources opportunities through a network of established US developers and real estate sponsors in target markets including the Sun Belt and Mountain West. By maintaining a Vancouver headquarters and a partnership-driven model, 49th Parallel selects deals without building a large US-based origination team, relying instead on long-term sponsor relationships.

### Does 49th Parallel manage a pooled fund or offer individual deal access?

The firm structures cross-border investments on a deal-by-deal basis, often through special purpose vehicles tailored to Canadian tax considerations. This approach allows investors to evaluate each opportunity individually and aligns with the firm's middle-market, private placement orientation rather than a blind-pool fund model.

## Related profiles

- [Flegal Financial Planning](https://altss.com/profile/flegal-financial-planning)
- [Manzanita Wealth Management](https://altss.com/profile/manzanita-wealth-management-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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