Paralel Advisors

Paralel Advisors

Jeremy May established Paralel Advisors in Denver, Colorado, drawing on more than two decades at ALPS Fund Services, where he served as President. The firm positions itself as a full-service administrator, distributor, and transfer agent for registered investment companies. Its business reflects the ongoing shift among asset managers to externalize non-investment operations. Paralel’s service stack spans fund accounting, legal and tax administration, transfer agency, and distribution. Fund accounting relies on exception-based processing and daily NAV calculation. The distribution arm, led by President Bradley Swenson, acts as principal underwriter for registered funds and offers ETF distribution. Legal administration covers board meeting management and regulatory filings. Tax services include IRS requirement testing and excise distribution computations. Transfer agency provides shareholder recordkeeping, call-center support, and intermediary back-office functions, including NSCC and commission payments. The firm also offers outsourced Fund CCO services and a series trust solution, Elevation Series Trust, designed to reduce time-to-market for new funds. Geographic delivery remains centered in the United States. May assembled a leadership team heavily drawn from ALPS and other fund-services incumbents. Chris Moore, General Counsel & CCO, arrived from RiverNorth Capital Management and previously SS&C/ALPS. Jonathan Vickery, Chief Technology Officer, spent 26 years at Brown Brothers Harriman. Aaron Varnum, Director of Fund Accounting, led the technology conversion to the FIS InvestOne platform. Jill Kerschen, Director of Client Engagement, served as Treasurer for multiple closed-end and open-end funds at SS&C/ALPS. The concentration of former ALPS executives is a defining feature; May effectively reassembled a veteran operating corps from his prior firm. May also serves as an independent director for Russell Funds and as a Trustee of the A.V. Hunter Trust. Paralel operates as a deeply experienced utility layer for the fund industry, not an investment manager. Its structural differentiator is the bundled distribution-plus-administration model delivered through a cloud-native platform that the firm built rather than licensed. That architecture allows managers to launch funds inside Elevation Series Trust, use Paralel as distributor, and receive transfer agency, accounting, and compliance from a single counterparty — collapsing the traditional multi-vendor back office into one stack.