# Parametric Portfolio Associates

Parametric Portfolio Associates is an Other based in Seattle, United States.

## Overview

- **Organization type:** Other
- **Headquarters:** Seattle, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 1988
- **Assets under management:** Over $100 billion in assets under management (per firm, ~2024)
- **Website:** www.parametricportfolio.com
- **LinkedIn:** https://www.linkedin.com/company/parametric

## Regulatory record

- **CRD number:** 114310
- **SEC file number:** 801-60485
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-04-21T00:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/114310

## About

PARAMETRIC PORTFOLIO ASSOCIATES is an SEC-registered investment adviser in SEATTLE, WA, registered since 2001. The firm manages $684.8 billion in assets, with $643.9 billion on a discretionary basis. It has 1109 employees and 213 investment advisers.

## Sectors

- Custom Equity
- Direct Indexing
- Tax Management
- ESG
- Fixed Income
- Multi-Asset

## Offices

- Minneapolis, MN
- New York, NY
- Boston, MA
- Birmingham, AL
- Denver, CO
- San Francisco, CA
- Los Angeles, CA
- Houston, TX
- Westport, CT
- London, UK
- Tokyo, Japan
- Singapore
- Sydney, Australia

## People

- Paul Bouchey — CEO

## Questions

### Who runs investment decisions at Parametric Portfolio Associates?

CEO Paul Bouchey leads the firm. The investment team operates under Parametric's chief investment officer and a research group focused on factor models, tax optimization algorithms, and portfolio construction. The firm's academic heritage means decision-making is data-driven, with a strong emphasis on systematic, rules-based processes rather than discretionary stock picks (public record).

### Does Parametric participate in fund commitments or only direct separate accounts?

Parametric manages predominantly separately managed accounts (SMAs) rather than commingled funds. The firm builds portfolios of individual equities, fixed-income securities, or multi-asset holdings tailored to each client's tax situation, risk profile, and values (e.g., ESG exclusions). It does not manage traditional mutual funds or ETFs, though its strategies can be accessed through model-delivery platforms used by financial advisors (public record).

### What investment stages does Parametric typically target?

Parametric does not target investment stages in the venture capital sense — it does not invest in early-stage companies or private equity. Its mandate is public market equities, fixed income, and multi-asset portfolios. The direct indexing approach focuses on large-cap and small-cap U.S. equities, developed and emerging international markets, and taxable municipal bonds. The firm's time horizon is multi-year, driven by tax-loss harvesting cycles and client investment objectives (public record).

### Which sectors does Parametric explicitly avoid?

Parametric does not universally avoid any sector; its portfolios are built to track or tilt away from benchmarks based on client preferences. However, the firm offers ESG and impact mandates that can explicitly exclude industries such as tobacco, firearms, fossil fuels, or companies with poor environmental records. These exclusions are implemented via customizable screens at the portfolio level rather than a firm-wide blacklist (public record).

### How is Parametric related to Eaton Vance and Morgan Stanley?

Parametric was acquired by Eaton Vance in 2003 and operated as an autonomous affiliate within Eaton Vance's structure. In 2021, Morgan Stanley acquired Eaton Vance for approximately $7 billion, making Parametric part of Morgan Stanley's investment management division. Parametric retains its own brand, investment process, and operational infrastructure, but benefits from the parent's distribution network and balance sheet. The firm's leadership reports into the Morgan Stanley asset management chain (public record).

## Related profiles

- [Wealth Creators, LLC](https://altss.com/profile/wealth-creators-llc)
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Last updated: 2026-06-03T20:00:00.000Z

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